Papa John

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percent dip in revenue. Louisville-based Papa John’s (NASDAQ: PZZA) said its first-quartere net income rose to $17.i million, or 64 cents per share, from $8.6 or 30 cents per a year earlier. The resultsx in the first quarter of 2009included after-tax income of $5.9 or 21 cents per share, from the consolidatiob of the results of a franchisee-owner cheese purchasing cooperative, BIBP Commodities Inc. The year-earlier period includedx a net lossof $5.2 or 18 cents per from the consolidation of the cooperative and a net charge of $700,000, or 2 centzs per share, related to the sale or impairmengt of restaurants.
First-quarter revenue declined to $285 million from $289 milliohn a year earlier, primarily a result of the fourth-quarterr sale of 62 company-owned storesd to franchisees, Papa John’s said in a news release. A consensusw of financial analysts polled by Thomson Reuters had predicted earnings of 34 cents per share and revenueof $279 million. Domestix same-store sales increased 0.3 percent. During the Papa John’s opened 17 domestic restaurants, includiny three owned by the company. It 21 domestidc restaurants, including four owned by the company. As of Marchn 29, Papa John’s had 3,404 domestic and internationa l restaurants, including 612 owned by the company.
The companyy has restaurants in all 50 state and29 countries. It plans to open about 300 restaurantws over the next10 years.