Papa John's posts increase in 4Q profit

LOUISVILLE Ky. Papa John's International Inc. reported a 7-percent increase in fourth-quarter profit and reaffirmed its outlook for 2010, in which it plans to maintain its franchisee incentives.

For the Dec. 27-ended quarter, Papa John's recorded net income of $13.7 million, or 49 cents per share, which included an 8-cent benefit from finalizing certain income tax issues and the consolidation of results from its franchisee-owned purchasing company BIBP Commodities Inc

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