WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WORLDWIDE PAPA’S ANNOUNCES 38% INCREASE IN SYSTEM SALES FOR Q1
WorldWide Papa’s Plc / Key word(s): Quarter Results/Miscellaneous PRESS RELEASE WORLDWIDE PAPA’S ANNOUNCES 38% INCREASE IN SYSTEM SALES FOR Q1 WorldWide Papa’s marks the 9th consecutive quarter with year-on-year positive growth numbers. LONDON – April 25, 2012– WorldWide Papa’s, Plc (FSE: 1PJ.F), the exclusive area developer of Papa John’s International, Inc. restaurants in St. Petersburg and the Leningrad region of Russia, today announced revenues of EUR1.0 million for the first quarter of 2012, a 38% increase from revenues of EUR0.8 million for the first quarter of 2011. Sales growth on a comp basis (stores open for more than one year) was also up a solid 11.5% in the first quarter of this year. The increase was partly made up by a transaction increase of 2% and an average ticket growth of 9% for the period. This 11.5% increase builds on an incredibly strong comp sales increase of 33% for last year in Q1. ‘We’re very proud of the fact that we opened three new restaurants over the course of the last 12 months’, remarked Founder and Chief Executive Officer, Darrin Stock. ‘We have demonstrated through our actions and the successful execution of our stated plans our commitment to the St. Petersburg market. We are very excited about our plans for the coming year and look forward to what promises to be another successful year in building and strengthening our business.’ Steve Kendall, COO and VP of Finance of WorldWide Papa’s stated, ‘The first quarter has traditionally been a very positive sales period for our business, the large number of Russian holidays allows our family oriented business to cater to an increasing love for our pizza brand in the St. Petersburg region, as families come together to celebrate. This March 8th, the annual International Woman’s Day holiday in Russia saw the largest single sales day on record, as customers enjoyed the great taste of our products and celebrated the great contributions that mothers make in Russian homes.’ With plans in place to reach 40 stores by 2015, management expects significant growth in sales throughout 2012 in the St. Petersburg market. About WorldWide Papa’s WorldWide Papa’s, Plc is an international operating company, formed in 2004, with exclusive area development rights to Papa John’s International, Inc. restaurants in St. Petersburg, Russia and the Leningrad region. WorldWide Papa’s opened its first Papa John’s restaurant in St. Petersburg in 2005. The company currently operates restaurants in the region, with plans in place for reaching a total of 40 restaurants by 2015. Papa John’s restaurants in St. Petersburg were recognized in 2010 and 2011 as the winning establishment in a local pizza taste-test competition, named as having the best pizza against the leading competitors in the marketplace. For more information about WorldWide Papa’s visit http://www.worldwidepapas.com Contact: WorldWide Papa’s, Plc End of Corporate News 25.04.2012 Dissemination of a Corporate News, transmitted by DGAP – a company of EquityStory AG. The issuer is solely responsible for the content of this announcement. DGAP’s Distribution Services include Regulatory Announcements, Financial/Corporate News and Press Releases. Media archive at www.dgap-medientreff.de and www.dgap.de |
166500 25.04.2012 |