Papa Johns 2008 Annual Report Download - page 42
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35
Percentage Relationships and Restaurant Data and Unit Progression
The following tables set forth the percentage relationship to total revenues, unless otherwise indicated, of
certain income statement data, and certain restaurant data for the years indicated:
Year Ended (1)
Dec. 28, Dec. 30, Dec. 31,
2008 2007 2006
Income Statement Data: 52 weeks 52 weeks 53 weeks
Domestic revenues:
Company-owned restaurant sales 47.1% 47.4% 44.7%
Variable interest entities restaurant sales 0.7 0.7 0.8
Franchise royalties 5.3 5.2 5.6
Franchise and development fees
0.2
0.4
0.3
Commissary sales 37.9 37.5 41.2
Other sales 5.4 5.8 5.0
International revenues:
Royalties and franchise and development fees 1.1 1.0 0.8
Restaurant and commissary sales 2.3 2.0 1.6
Total revenues 100.0 100.0 100.0
Costs and expenses:
Domestic Company-owned restaurant cost of sales (2) 22.6 22.4 19.7
Domestic Company-owned restaurant operating expenses (2) 58.9 59.3 57.9
Variable interest entities restaurant expenses (3) 88.4 84.4 85.4
Domestic commissary and other expenses (4) 90.5 89.1 89.3
Loss (income) from the franchise cheese purchasing
program, net of minority interest (5) 0.6 2.1 (1.5)
International operating expenses (6) 88.3 89.7 101.1
General and administrative expenses 8.8 9.5 10.3
Minority interests and other general expenses 1.9 0.7 0.4
Depreciation and amortization 2.9 3.0 2.7
Total costs and expenses 94.4 95.1 90.2
Operating income 5.6 4.9 9.8
Net interest expense (0.6) (0.6) (0.2)
Income before income taxes 5.0 4.3 9.6
Income tax expense 1.7 1.2 3.3
Net income
3.3%
3.1%
6.3%