Papa Johns 2013 Annual Report Download - page 40

Download and view the complete annual report

Please find page 40 of the 2013 Papa Johns annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 103

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103

฀
32
฀Year฀Ended฀(1)
Dec.฀29, Dec.฀30, Dec.฀25,
2013 2012 2011
Restaurant฀Data: 52฀weeks 53฀weeks 52฀weeks
฀฀Percentage฀increase฀in฀comparable฀domestic฀
฀฀฀Company-owned฀restaurant฀sales฀(6) 6.6% 5.6% 4.1%
฀฀Number฀of฀Company-owned฀restaurants฀included฀in฀the฀
฀฀฀most฀recent฀full฀year's฀comparable฀restaurant฀base 633฀฀฀฀฀฀฀฀฀ 615฀฀฀฀฀฀฀฀฀ 581฀฀฀฀฀฀฀฀฀
฀฀Average฀sales฀for฀Company-owned฀restaurants฀included฀
฀฀฀in฀the฀most฀recent฀comparable฀restaurant฀base $988,000 $953,000 $897,000
Papa฀John's฀Restaurant฀Progression:
North฀America฀Company-owned:
Beginning฀of฀period 648฀฀฀฀฀฀฀฀฀ 598฀฀฀฀฀฀฀฀฀ 591฀฀฀฀฀฀฀฀฀
Opened 19฀฀฀฀฀฀฀฀฀฀฀ 8฀฀฀฀฀฀฀฀฀฀฀฀฀ 8฀฀฀฀฀฀฀฀฀฀฀฀฀
Closed (2)฀฀฀฀฀฀฀฀฀฀฀฀ (3)฀฀฀฀฀฀฀฀฀฀฀฀ (1)฀฀฀฀฀฀฀฀฀฀฀฀
Acquired฀from฀franchisees -฀฀฀฀฀฀฀฀฀฀ 57฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀
Sold฀to฀franchisees -฀฀฀฀฀฀฀฀฀฀ (12)฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀
End฀of฀period 665฀฀฀฀฀฀฀฀฀ 648฀฀฀฀฀฀฀฀฀ 598฀฀฀฀฀฀฀฀฀
International฀Company-owned:
Beginning฀of฀period 48฀฀฀฀฀฀฀฀฀฀฀ 30฀฀฀฀฀฀฀฀฀฀฀ 21฀฀฀฀฀฀฀฀฀฀฀
Opened 11฀฀฀฀฀฀฀฀฀฀฀ 20฀฀฀฀฀฀฀฀฀฀฀ 9฀฀฀฀฀฀฀฀฀฀฀฀฀
Closed (1)฀฀฀฀฀฀฀฀฀฀฀฀ (2)฀฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀
End฀of฀period 58฀฀฀฀฀฀฀฀฀฀฀ 48฀฀฀฀฀฀฀฀฀฀฀ 30฀฀฀฀฀฀฀฀฀฀฀
North฀America฀franchised:
Beginning฀of฀period 2,556฀฀฀฀฀฀ 2,463฀฀฀฀฀฀ 2,346฀฀฀฀฀฀
Opened 152฀฀฀฀฀฀฀฀฀ 182฀฀฀฀฀฀฀฀฀ 166฀฀฀฀฀฀฀฀฀
Closed (87)฀฀฀฀฀฀฀฀฀฀ (44)฀฀฀฀฀฀฀฀฀฀ (49)฀฀฀฀฀฀฀฀฀฀
Acquired฀from฀Company -฀฀฀฀฀฀฀฀฀฀ 12฀฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀
Sold฀to฀Company -฀฀฀฀฀฀฀฀฀฀ (57)฀฀฀฀฀฀฀฀฀฀ -฀฀฀฀฀฀฀฀฀฀
End฀of฀period 2,621฀฀฀฀฀฀ 2,556฀฀฀฀฀฀ 2,463฀฀฀฀฀฀
International฀franchised:
Beginning฀of฀period 911฀฀฀฀฀฀฀฀฀ 792฀฀฀฀฀฀฀฀฀ 688฀฀฀฀฀฀฀฀฀
Opened 204฀฀฀฀฀฀฀฀฀ 158฀฀฀฀฀฀฀฀฀ 138฀฀฀฀฀฀฀฀฀
Closed (31)฀฀฀฀฀฀฀฀฀฀ (39)฀฀฀฀฀฀฀฀฀฀ (34)฀฀฀฀฀฀฀฀฀฀
End฀of฀period 1,084฀฀฀฀฀฀ 911฀฀฀฀฀฀฀฀฀ 792฀฀฀฀฀฀฀฀฀
Total฀Papa฀John's฀restaurants฀-฀end฀of฀period
4,428
฀฀฀฀฀
฀
4,163
฀฀฀฀฀
฀
3,883
฀฀฀฀฀
฀
฀
(1)
We฀operate฀on฀a฀52-53฀week฀fiscal฀year฀ending฀on฀the฀last฀Sunday฀of฀December฀of฀each฀year.฀The฀
2013฀and฀2011฀fiscal฀years฀consisted฀of฀52฀weeks฀and฀the฀2012฀fiscal฀year฀consisted฀of฀53฀weeks.฀
The฀additional฀ week฀ in฀ 2012฀ resulted฀in฀ additional฀revenues฀ of฀ approximately฀ $21.5฀ million฀ and฀
additional฀income฀before฀income฀taxes฀of฀approximately฀$4.1฀million,฀or฀$0.05฀per฀diluted฀common฀
share.฀฀
(2)
As฀a฀percentage฀of฀domestic฀Company-owned฀restaurant฀sales.฀฀
(3)
As฀a฀percentage฀of฀domestic฀commissary฀sales.฀฀
(4)
As฀a฀percentage฀of฀other฀sales.฀
(5)
As฀a฀percentage฀of฀international฀restaurant฀and฀commissary฀sales.฀
(6)
Includes฀only฀Company-owned฀restaurants฀open฀throughout฀the฀periods฀being฀compared.฀
฀฀