Business

Papa John's posts first-quarter results

Louisville-based pizza chain Papa John's announced first-quarter earnings this week.

Revenue was $285M, down from $289 million in the same period a year ago.

Net income was $17.8 million, up from $8.6 million.

Earnings per share were 64 cents, up from 30 cents.

The chain saw revenue decline slightly primarily because it sold 62 company-owned restaurants to franchisees late last year. Sales increased 0.3 percent during the quarter at stores that were also open during the same time a year ago.

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