WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WORLDWIDE PAPA’S ANNOUNCES HIGHER THAN 20% COMPARABLE SALES GROWTH IN Q4
WorldWide Papa’s Plc / Key word(s): Development of Sales/Miscellaneous
PRESS RELEASE WORLDWIDE PAPA'S ANNOUNCES HIGHER THAN 20% COMPARABLE SALES GROWTH IN Q4 WorldWide Papa's experienced 14% system sales growth during fourth quarter, which marks the 8th consecutive quarter with year-on-year positive growth numbers. LONDON – March 20, 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 fourth quarter of 2011, a 14% increase from revenues of EUR0.9 million for the fourth quarter 2010. Sales growth on a comp basis (stores open for more than one year) was 24% in the fourth quarter 2011. This increase was made up of a healthy transaction increase of 20% and an average ticket growth of 3% for the period. 'WorldWide Papa's had an excellent end of the year, commented Founder and Chief Executive Officer, Darrin Stock. 'We finished out 2011 with continuing growth in our revenues, with an additional one net new restaurant during the fourth quarter. These results are a testament to the strength of our brand and our store-level operations in the Russian market.' Steve Kendall, COO and VP of Finance of WorldWide Papa's stated, 'The healthy transaction growth we have recently seen, shows an increased frequency of customer visit, as well as new customers enjoying the superior Papa John's Pizza.' With plans in place to reach 40 stores by 2015, management expects no eminent reason that numbers like the ones generated in the fourth quarter shouldn't continue throughout 2012 in the St. Petersburg market. About WorldWide Papa's WorldWide Papa's, Plc is an international management 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: Gary Hamilton ### End of Corporate News 20.03.2012 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 |
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