* Q2 adj EPS $0.43 in line with estimates
* Revenue up 4.5 pct, beats estimates
* Narrows 2010 earnings view
Aug 3 Papa John's International Inc (PZZA.O)
reported an adjusted quarterly profit in line with market
expectations and the pizza chain narrowed its fiscal 2010
Papa John's, which competes with Domino's Pizza Inc (DPZ.N)
and Yum Brands Inc's (YUM.N) Pizza Hut, said it now sees
earnings of $1.74 a share to $1.82 a share for 2010, compared
with its prior view of $1.72 a share to $1.87 a share.
Analysts on average were expecting earnings of $1.87 a
share, before items, according to Thomson Reuters I/B/E/S.
Papa John's said it expects the current pricing and
promotional environment in the pizza category to result in
continued restaurant margin pressures for the remainder of
For the second quarter ended June 27, the Louisville,
Kentucky-based company earned $13.2 million, or 49 cents a
share, compared with $14.2 million, or 51 cents a share, a year
Excluding items, it earned 43 cents a share.
Revenue rose 4.5 percent to $280.6 million.
Analysts were expecting earnings of 43 cents a share on
revenue of $273.8 million.
Papa John's shares closed at $25.00 Tuesday on Nasdaq.
(Reporting by Renju Jose in Bangalore; Editing by Unnikrishnan