Papa Johns 2002 Annual Report Download - page 40

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39
volatility. The average quarterly block market price and the equivalent block market price paid by Papa
John’s by quarter for 2002, 2001 and 2000 are as follows:
2002 2001 2000 2002 2001 2000
Quarter 1 1.254$ 1.192$ 1.125$ 1.403$ 1.086$ 1.262$
Quarter 2 1.205 1.536 1.113 1.323 1.102 1.240
Quarter 3 1.129 1.697 1.255 1.450 1.497 1.312
Quarter 4 1.155 1.323 1.099 1.290 1.749 1.151
Full Year 1.186$ 1.437$ 1.148$ 1.367$ 1.359$ 1.241$
Price Paid by Papa John'sBlock Market Price
See “Note 3” of “Notes to Consolidated Financial Statements” for further information.
We do not generally make use of financial instruments to hedge commodity prices, in part because of the
purchasing arrangement with BIBP.