Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants, and in various international markets, dine-in and restaurant-based delivery restaurants under the trademark ‘Papa John’s’. As of December 25, 2011, the company operated 3,883 Papa John’s restaurants, including 628 company-owned and 3,255 franchised restaurants operating domestically (‘domestic’ is defined as contiguous United States) in various 50 states, the District of Columbia and Puerto Rico, and in 33 countries. Its company-owned restaurants include 128 restaurants operated under 2 joint venture arrangements. Under the first arrangement, the company owns 70% of an entity operating 52 Papa John’s restaurants located in Virginia and Maryland. Under the second arrangement, it owns 51% of an entity operating 76 Papa John’s restaurants located in Texas. The company also owned and operated restaurants in Beijing and North China (30 units as of December 25, 2011). Segments The company’s segments include Domestic Company-Owned Restaurants; Domestic Commissaries (Quality Control Centers); North America Franchising; International Operations; and All Other. Domestic Company-Owned Restaurants This segment consists of the operations of various domestic company-owned restaurants. This segment engages principally in the retail sale of pizza and side items, such as breadsticks, cheesesticks, chicken strips, chicken wings, dessert pizza, and soft drinks to the general public. Domestic Commissaries This segment consists of the operations of the company’s regional dough production and product distribution centers. This segment engages principally in the sale and distribution of food and paper products to domestic company-owned and franchised restaurants. The company owns full-service international quality control centers in the United Kingdom, Mexico City, Mexico, and Beijing, China. Other international full-service quality control centers are licensed to franchisees or non-franchisee third parties, and are located in the markets where its franchisees have restaurants. PJ Food Service, Inc., its wholly-owned subsidiary, operates its domestic company-owned quality control centers. North America Franchising This segment consists of the company’s franchise sales and support activities. This segment engages in the sale of franchise and development rights, and collection of royalties from its franchisees located in the United States and Canada. International Operations This segment principally consists of its company-owned restaurants and distribution sales to franchised Papa John’s restaurants located in the United Kingdom, Mexico, and China and its franchise sales and support activities. This segment engages in the sale of franchise and development rights, and the collection of royalties from its international franchisees. International franchisees are defined as various franchise operations outside of the United States and Canada. All Other This segment engages principally in the sale of printing and promotional items, risk management services, and information systems and related services used in restaurant operations, including the company’s online and other technology-based ordering platforms to company-owned and franchised restaurants. Significant Events In September 2012, Papa John's International Inc. announced the opening of the pizza company's 4,000th store at New Hyde Park, New York. In September 2012, Papa John's International Inc. announced the opening of its first restaurant in Azerbaijan, bringing pizza to 2 million residents of Baku. History Papa John’s International, Inc. was founded in 1985.
papa john's intl inc (PZZA:NASDAQ GS)
2002 Papa John's Boulevard
Louisville, KY 40299-2367
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