American restaurant chain Papa John’s International has posted a net income of $14.8m for the second quarter of fiscal 2012 that ended 24 June 2012, when compared to $12.1m income for the corresponding quarter a year ago.
The company posted a rise in its Q2 2012 revenues by 8.5% to $318.6m, compared to $293.5m in the same quarter for 2011 fiscal.
For the six months ended 24 June 2012, Papa John’s noted an increase in its net income to $31.5m, compared to $28.6m for the same six-month period last year.
Its system-wide comparable sales for the quarter were up 5.7% for North America and 6.1% for its international business.
Papa John’s International chairman and chief executive John Schnatter said, "We had an outstanding second quarter as our system continued its strong sales momentum with significant comparable sales increases for our North American and international operations."
The company’s revenues for H1 2012 were $649.9m, up 7.2%, compared to $606m in H1 2011.
Papa John’s development plan as of 24 June 2012 included approximately 1,500 restaurants, out of which 300 outlets will be unveiled in North America and remaining 1,200 outlets to be set up internationally.
The majority of proposed stores are scheduled to open over the next six years.
Papa John’s International has appointed Tony Thompson as new chief operating officer and president for PJ Food Service.
Headquartered is in Louisville, Kentucky, Papa John’s currently operates more than 3,300 stores, with over 2,600 in the US and the remaining outlets spread across 30 countries.