Papa John’s 3Q profit rises 11.8%

Papa John’s 3Q profit rises 11.8%

Company plans to refranchise China market

Net income increased 11.8 percent at Papa John’s International Inc. during the third quarter ended Sept. 27 as same-store sales increased in both domestic and international markets, the company said Tuesday.

Net income in the period was $18 million, or 45 cents per share, rising from $16.1 million, or 39 cents per share, the previous year.

Same-store sales rose 3 percent at the Louisville, Ky.-based pizza chain’s North America locations, and 8 percent at international

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