Papa John’s continues run of double-digit comparable sales in September

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Papa John’s International Inc. said Tuesday that September systemwide North American comparable sales rose 18.4%, bringing the number of consecutive months in which the pizza delivery company reached double-digit comparable sales growth to six. Domestic company-owned restaurants were up 14.3% and international restaurants were up 23.3%. Papa John’s has been providing a monthly business update during the coronavirus due to the uncertainty created by the pandemic. For the three months ending Sept. 27, North American systemwide comparable sales rose 23.8%, while international systemwide sales were up 20.6%. About 90 of 2,100 international Papa John’s franchised locations are temporarily closed in accordance with government rules, while nearly all North American locations are open. “Non-traditional” locations in places like universities are closed. Papa John’s says these non-traditional locations are not material to revenue. Papa John’s shares have gained 32.1% for the year to date while the S&P 500 index is up 3.7% for the period.
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