Papa John’s Reiterates 2008 Profit Guidance

Forbes:

Pizza delivery company Papa John’s International Inc. on Tuesday reiterated its 2008 profit guidance.

The company said it expects profit between $1.68 and $1.76 per share for the year, excluding the effect of the consolidation of the company’s franchisee-owned cheese purchasing company.

On average, analysts polled by Thomson Financial expect profit of $1.69 per share.

Papa John’s added it anticipates domestic systemwide sales will rise between 1.3% and 2.8%.

Papa John’s shares fell 2 cents to close at $27.05.