Papa John's Increases Stock Repurchase Authorization by $50 Million

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (NASDAQ: PZZA) today announced that its Board of Directors has approved an increase to $775 million in the amount of the company's common stock that may be repurchased by the company from time to time through December 31, 2009. This represents a $50 million increase in the previously authorized amount, and includes the authorization to purchase shares in both the open market and private transactions, and pursuant to a 10b5-1 trading plan.

The company announced that to date it has repurchased $705.1 million of its stock since the inception of the repurchase program in 1999. As of June 29, 2008, the company had approximately 28.7 million shares of common stock outstanding on a fully diluted basis (approximately 28.1 million actual shares outstanding).

As of June 29, 2008 Papa John's had 3,270 restaurants (670 company-owned and 2,600 franchised) operating in all 50 states and 28 countries. For more information about the company, visit Papa John's at http://www.papajohns.com.

SOURCE: Papa John's International, Inc.

###

Comments:

comments powered by Disqus

Franchise News Room »


News By Industry »


Featured Opportunities

Firehouse Subs
We are currently looking for hard-working, dedicated people to become Area Representatives in markets throughout the United States.
REVOLISM Wellness and Weight Loss
Live Well, Lose Weight and Feel Better with REVOLISM
Golden Corral Buffet and Grill
Golden Corral is the nation's leading family style restaurant franchise featuring steaks, buffet and bakery items.
Hungry Howie's Pizza
Hungry Howie's is currently EXPANDING! Top Markets are available for single or multiple unit development. Get the EDGE over the competition with...
Scooter's Coffee
The success of the Scooter's Coffee franchise is based upon a commitment to quality products, fast and accurate service, and always delivering...
Share This Page

Subscribe to Franchising.com Express

A Franchise Update Media Production
Franchise Update Media
P.O. Box 20547
San Jose, CA 95160
PH. (408) 402-5681
In Loving Memory Of Timothy Gardner (1987-2014)

Copyright © 2001 - 2018.
All Rights Reserved.