Papa John's International Q3 net income increases

Papa John's International, a restaurant operator, has reported that net income for the third quarter ended September 27, 2009 was $11.7 million, or $0.42 per diluted share, compared to $7.7 million, or $0.28 per diluted share, for the third quarter ended September 28, 2008.

For the third quarter of 2009, revenues declined to $263.95 million from $280.03 million for the third quarter of 2008.

Net income for the first nine months ended September 27, 2009 was $43.75 million, or $1.57 per diluted share, versus $24.02 million, or $0.84 per diluted share, for the first nine months ended September 28, 2008.

Revenues for the first nine months of 2009 were $825.55 million, compared to $852.44 million for the same period last year.

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