Profile: Papa John's International Inc (PZZA.OQ)
Papa John’s International, Inc. (Papa John’s), incorporated on July, 25, 1991, operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and restaurant-based delivery restaurants under the trademark Papa John’s. The Company operates in six segments: domestic Company-owned restaurants, domestic commissaries (Quality Control Centers), North America franchising, international operations, variable interest entities (VIEs) and all other business units. Its Company owned restaurants includes 182 restaurants operated under four joint venture arrangements. The Company also owns and operates restaurants in Beijing and North China. In April 2012, it acquired 56 franchised Papa John’s restaurants in the Denver and Minneapolis markets.
As of December 30, 2012, there were 4,163 Papa John’s restaurants in operation, consisting of 696 Company owned and 3,467 franchised restaurants operating domestically in all 50 states and in 35 countries. As of December 30, 2012, a total of 368 Papa John's restaurants were opened, consisting of 28 Company-owned (eight in North America and 20 in Beijing and North China) and 340 franchised restaurants (182 in North America and 158 international), while 88 Papa John's restaurants closed during the year ended December 31, 2012, consisting of five Company-owned (three in North America and two in Beijing and North China) and 83 franchised restaurants (44 in North America and 39 international). The Company's domestic QC Centers consists of nine full-service regional production and distribution centers and one distribution-only center that are in the process of converting to a full-service center, supply pizza dough, food products, paper products, smallwares and cleaning supplies twice weekly to each restaurant throughout the contiguous United States. In April 2012, it acquired 56 franchised Papa John’s restaurants in the Denver and Minneapolis markets.
The Company owns full-service international QC Centers in the United Kingdom, Mexico City, Mexico and Beijing, China. Other international full-service QC Centers are licensed to franchisees or non-franchisee third parties, and are generally located in the markets where the Company's franchisee has restaurants. The Company provides assistance to Papa John's franchisees in selecting sites, developing restaurants and evaluating the physical specifications for typical restaurants. The Company provides layout and design services and recommendations for subcontractors, signage installers and telephones systems to Papa John's franchisees.
Papa John's International Inc
2002 Papa Johns Boulevard
LOUISVILLE KY 40299-2367