WorldWide Papa’s, Plc.
WorldWide Papa’s Plc: WorldWide Papa’s Exceeds Expectations with Solid Q1 and Q2 Results
WorldWide Papa's Plc / Key word(s): Results Forecast/Miscellaneous 24.08.2011 / 10:00 --------------------------------------------------------------------- Corporate Press Release August 24, 2011 10.00am Central European Time PRESS RELEASE WorldWide Papa's Exceeds Expectations with Solid Q1 and Q2 Results Papa John's restaurant developer for St. Petersburg recognizes increase in sales for first and second half of 2011 LONDON - August 24, 2011 -- WorldWide Papa‟s, Plc (FSE: '1PJ.F'), the exclusive developer of Papa John‟s International, Inc. (NASDAQ: 'PZZA') restaurants for St. Petersburg, Russia and the Leningrad region, announced first and second quarter same store sales results that soar 33 percent higher than Q1 of 2010 and more than 18 percent higher in Q2, respectively. Despite being down one restaurant due to relocation and the resulting loss of revenue for six months, the cumulative first and second quarter results still marked a more than eight percent increase in sales over last year. In addition, March saw the opening of a fifth location and results so far exceed expectation. To illustrate the strength and potential of the Russian market, compare WorldWide Papa‟s results with recently released results from Papa John‟s International for Q2 system-wide growth where comparable sales increased 0.4 percent for North America and 4.8 percent for international stores. 'Quarter to quarter comparables are truly amazing for stores that are four and five years old, and every new quarter sees us increasing sales at a phenomenal pace. We are more convinced than ever that we have only tapped a fraction of the potential here in Russia and our plans to expand the Papa John‟s pizza brand are in high gear,' said Darrin Stock, CEO and Founder of WorldWide Papa‟s. 'We‟ve spent the last six years laying a solid foundation. At our present rate, we will have increased the size of the business by 50 percent by the end of 2011 with an eye to double the business next year. Even in the coldest months, the demand for Papa John‟s heats up and we‟re already half-way to our goal of four new locations before year‟s end.' 'With strong performance from all operating restaurants for the Q1/Q2 period, we continue to see sales trending up quarter over quarter,' said Gary Hamilton, Co-founder and Secretary/Treasurer of WorldWide Papa‟s. 'Having opened our first restaurant just five years ago, we‟re astonished at the rapid acceptance we‟ve seen from Russian consumers for the Papa John‟s brand, and it‟s our intention to meet the growing demand.' WorldWide Papa‟s completed a listing as a publicly-traded company on the Frankfurt Stock Exchange in February 2011 (1PJ.F). Additionally, during this first quarter period, the Company opened its fifth restaurant (the 'Captain‟ location) on Vasilievsky Island, and announced that it had secured the location of its sixth and seventh restaurant locations.  About WorldWide Papa's WorldWide Papa‟s, Plc is an international restaurant 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 five restaurants in the region, with plans in place for the expansion of reaching a total of 40 restaurants by 2014. 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 two leading competitors in the market. For more information about WorldWide Papa‟s visit http://www.worldwidepapas.com. Contact: Gary Hamilton WorldWide Papa‟s, Plc ghamilton@worldwidepapas.com Safe Harbor Statement; under the Private Securities Litigation Reform Act of 1995: The statements contained herein which are not historical are forward-looking statements that are subject to risks and uncertainties that could cause actual results to differ materially from those expressed in the forward- looking statements, including, but not limited to, certain delays beyond the company's control with respect to market acceptance of new technologies or products, delays in testing and evaluation of products, and other risks detailed from time to time in the Company's filings with the Securities and Exchange Commission. End of Corporate News --------------------------------------------------------------------- 24.08.2011 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 --------------------------------------------------------------------- 136688 24.08.2011
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