LOUISVILLE, Ky.—Pizza delivery company Papa John's International Inc. on Tuesday reiterated its 2008 profit guidance.
The company said it expects profit between $1.68 and $1.76 per share for the year, excluding the effect of the consolidation of the company's franchisee-owned cheese purchasing company.
On average, analysts polled by Thomson Financial expect profit of $1.69 per share.
Papa John's added it anticipates domestic systemwide sales will rise between 1.3 percent and 2.8 percent.
Papa John's shares fell 2 cents to close at $27.05.
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