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Papa John's raises 2012 profit, sales guidance

Chain confident on quality positioning, pricing power despite rising commodities

Citing growth in third-quarter profit, revenue and same-store sales, Papa John’s International Inc. raised its guidance for 2012 earnings and sales trends, even as officials warned that commodity inflation and a competitive pizza segment would intensify.

Louisville, Ky.-based Papa John’s now believes its annual earnings per share should rise to a range between $2.53 and $2.63, reflecting new same-store sales growth projections of between 3 percent and 4 percent

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