Papa John’s Initiates 2011 Outlook

Zacks.com:

Louisville, Kentucky-based Papa John’s International Inc. recently initiated the guidance for 2011 and affirmed the same for 2010.

Based on the domestic system-wide comparable sales growth of 1.5% to 2.5% and international system-wide comparable sales growth of 1.0% to 3.0%, the company expects its 2011 earnings per share to be in the range of $2.00 to $2.12, up 16% at the mid point. The guidance excludes the impact of consolidation of the franchisee-owned cheese-buying company BIBP Commodities Inc.

Total consolidated revenue is expected to increase 4% to 5% year over year in 2011 on North America and International net unit and comparable sales growth.

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