Papa Johns Term Paper

Subject Term radical soda pop baths pascal Johns hostile HISTORY OF COMPANY public address system Johns was founded by John Schnatter. John worked at a local pizza pie pub in Jeffersonville, Indiana when he was in High School. While he was working there, he realized that there was something missing from the interior(a) pizza chains which was a superior-quality conventional pizza delivered am leftover to the customers door. His dream was to one twenty-four hour period open a pizza restaurant that would fill that void.In 1983, John Schnatter delivered his closing campus pizza, picked up his telephone line degree from Ball State University, and went back to Jeffersonville, Indiana. There, at age 22, he knocked down the broom closet in his fathers tavern (Micks Lounge) sold his prized 1971 Z28 Camaro, purchased $1,600 worth of used restaurant equipment, and began delivering pizzas out of the back of the bar. public address system Johns opened its first pizza restaurant i n 1984. (2) CORPORATE nurture tonic Johns pizza pie Corporate Office is placed at 2002 protoactinium Johns Boulevard, Louisville, KY 40299.Their phone mo is (502)261-7272. The chief opemilitary rating officer is Nigel Travis, the COO is Jude Thompson, and the CFO is David Flanery. (1) STOCK MARKET INFORMATION dada Johns is under NASDAQ stock market and their symbol is PZZA. As of April 12, 2010, their business line market price was $27. 88. Their stock prices are down -. 84. (6) COMPANYS REPUTATION pascal Johns is the recognized quality leader of the pizza year and is the worlds third largest pizza company. For nine of the conclusion ten years, consumers have rated Papa Johns No. in customer satisfaction among all home(a) pizza chains in the American client Satisfaction superpower (ACSI). Papa Johns also was honored by Restaurants Institutions Magazine (RI) with the 2009 Gold Award for Consumers alternative in Chains in the pizza segment. In 2006, for the third accomp anying year consumers have honored Papa Johns (NASDAQ PZZA) with the egest rating among national pizza delivery and take-out chains in the prestigious Restaurants Institutions Consumers Choice in Chains Survey.Papa Johns, which earned its best overall score ever, outdistanced the next approximate national take-out and delivery chain by a record security deposit of almost six points. Restaurants and Institutions 2006 Consumers Choice in Chains Survey issue Pizza Delivery and Take-Out Chains - Overall Score Atmosphere Cleanliness public toilet - - Papa Johns 52. 31% 44% 52% - - Pizza hovel 46. 8 34 40 49 - - Little Caesars 44. 9 24 34 53 - - Dominos Pizza 43. 3 24 36 51 -Food tone of voice Good Reputation Menu Variety Service Value - Papa Johns 66% 64% 48% 50% 49% - Pizza Hut 58 58 46 43 40 - Little Caesars 44 42 30 37 69 - Dominos Pizza 47 50 37 43 46 - For nine consecutive years (1999 2008), Papa Johns has been rated number one n customer sati sfaction among all national pizza chains in the American Customer Satisfaction Index (ACSI) released by the National Quality Research Center at the University of lettuce Business School. Top rated national pizza delivery and take-out chain in Restaurants & Institutions Consumers Choice in Chains Survey seven out of the last nine years (1998 2000, 2002 and 2004 2006). Pizzamarketplace. com 2006 Pizza Chain of the course Voted Best Pizza in more than 50 U. S. markets over the last several years, including in Los Angeles, upper-case letter D. C. , Atlanta, Dallas, Indianapolis, Orlando, Knoxville and Phoenix. Highest rated national pizza delivery and take-out chain in RealPeopleRatings. com, an online craply rating site. Tied for first as the highest rated national pizza chain in the 2007 Zagat/Today Show Fast Food Survey. Silver winner of the 2006 Brandweek Customer Loyalty Award in the pizza category. Named Delivery Operator of the Year among pizza chains in the United Kingdom by the Pizza and Pasta Association (2005 2006). CHIEF COMPETITORS Papa Johns top chief competitors are Dominos, Little Caesars, and Pizza Hut. FINANCIAL smirch OF COMPANY (PAST AND PRESENT) Fourth quarter earnings per reduce appoint of $0. 49 in 2009 vs. $0. 46 in 2008 and full-year earnings per thin share of $2. 06 in 2009 vs. $1. 30 in 2008 Fourth quarter earnings per thin out share, excluding noteworthy items, were $0. 41 in 2009 vs. $0. 8 in 2008 and full-year earnings per diluted share, excluding celebrated items, were $1. 50 in 2009 vs. $1. 68 in 2008 Domestic system-wide comparable sales minifyd 0. 5% for the quarter and were even for the year International right system sales increased 18% for the quarter (13% excluding the impact of foreign property exchange rates) and 14% for the year (24% excluding the impact of foreign currency exchange rates) 11 exonerate Papa Johns worldwide unit openings during the quarter and 89 lucre openings during the year Earnings gu idance for 2010 reaffirmed at a range of $1. 70 to $1. 90 per diluted share, excluding the impact of consolidating BIBPPapa Johns International, Inc. (NASDAQ PZZA) today announced revenues of $280. 5 million for the fourth quarter of 2009, compared to revenues of $279. 6 million in 2008. Net income for the fourth quarter of 2009 was $13. 7 million, or $0. 49 per diluted share (including after-tax income of $1. 3 million, or $0. 05 per diluted share, from the consolidation of the results of the franchisee-owned cheese buying company, BIBP Commodities, Inc. (BIBP), a variable interest entity, and a gain of $1. 0 million, or $0. 03 per diluted share, from the finalisation of authoritative income tax issues), compared to 2008 fourth quarter net income of $12. 8 million, or $0. 6 per diluted share (including after-tax income of $600,000, or $0. 02 per diluted share, from the consolidation of BIBP, a gain of $1. 2 million, or $0. 04 per diluted share, from the finalization of certain i ncome tax issues and an after-tax charge of $2. 2 million, or $0. 08 per diluted share, colligate to restaurant impairment and disposition losses). Consolidated revenues for 2009 were $1. 11 billion, representing a decrease of 2. 3% from revenues of $1. 13 billion for 2008. Net income for 2009 was $57. 5 million, or $2. 06 per diluted share (including after-tax income of $14. 6 million, or $0. 52 per diluted share, from the consolidation of BIBP and a gain of $1. 0 million, or $0. 4 per diluted share, from the finalization of certain income tax issues), compared to net income of $36. 8 million, or $1. 30 per diluted share, for 2008 (including a net loss of $6. 9 million, or $0. 24 per diluted share, from the consolidation of BIBP, a gain of $1. 7 million or $0. 06 per diluted share from the finalization of certain income tax issues and an after-tax charge of $5. 5 million, or $0. 20 per diluted share, related to restaurant impairment and disposition losses). FRANCHISE OPPORTUNITIES before long Papa Johns has a 2010 U. S. Development Incentive computer programme for franchise opportunities. This program currently offers NO FRANCHISE FEE A REDUCED ROYALTY RATE FOR THE FIRST 12 MONTHS FOR ON-TIME RESTAURANT OPENINGS, INCLUDING A 0% ROYALTY RATE FOR RESTAURANTS OPENED BY JUNE 2010 A unembellished WOW OVEN SET (UP TO $32,000 VALUE) AND A CREDIT ON FOOD PURCHASES OF UP TO $3,000. If you do not qualify for the 2010 U. S. Development Incentive Program then these are the regular franchise requirements and fees Minimum of $50,000 in cash or liquid assets Minimum net worth of $150,000 and Ability to obtain finance up to $200,000. Additional franchisee qualifications and requirements include The prospective franchisee should have at to the lowest degree one partner with a successful business management play down and one partner who qualifies as the Principal Operator. For single-unit development, an individual can defend to be both owner and Principal Operator. T he Principal Operator must(prenominal) have prior general management experience relative to the number of units to be developed and must own or have the right to acquire at least 5% equity in the business within 12 months of hire date. A fully completed betoken for Consideration Form and current resume must be submitted for distributively member of the proposed franchise group or the owner operator, including the proposed Principal Operator. Also, Papa Johns will request supporting documentation from each proposed owner. Franchise Fees The initial franchise fee is $25,000 per restaurant. ** Waived for 2010 An ongoing royalty fee of 5% of net sales is due on a monthly basis. * Reduced for 2010 Papa Johns requires that a minimum of 7% of net monthly sales be spent by each franchisee for merchandising purposes*, as follows 2. 94% on national fund and 4. 06% on co-op and/or local marketing initiatives. Also, $9,000 must be spent on grand opening publicize for each of the first two r estaurants. Papa Johns Franchise Offering bank note includes more detailed information regarding marketing and advertising fees. FUTURE PLANS In an effort to further enhance its pan-India presence, the US-based delivery pizza restaurant chain, Papa Johns is planning to open 10 more Papa Johns outlets by the end of current quarter (April-June 2010). BIBLIOGRAPHY (1)Chris Sternberg Papa Johns International, Inc. (April 29, 2010).Papa Johns Names Jude Thompson Co-CEO along with Founder and chairman John Schnatter. http//ir. papajohns. com/releasedetail. cfm? ReleaseID=464972 (2)Papa Johns International. (2010). Retrieved April 18, 2010, from http//company. papajohns. com/about/pj_story. shtm (3)Franchise opportunities. (2010). Retrieved April 13, 2010, from, http//company. papajohns. com/franchise_opps/index. shtm (4)Financial overview. (2010). Retrieved on April 18, 2010, from, http//ir. papajohns. com/ (5)Financial information. (2010). Retrieved on April 21, 2010, from, http//ir. p apajohns. com/financials. cfm (6)Stock information. (2010). Retrieved on April 12, 2010, from, http//ir. papajohns. com/stockquote. cfm