Papa John’s ups 2009 earnings outlook

LOUISVILLE Ky. Papa John’s International Inc. upped its expectations for annual earnings by two cents per share as the company said it has seen positive transaction momentum, market share gains and improved restaurant profitability.

The company, which operates or franchises 3,458 pizza restaurants worldwide, increased its annual per-share earnings guidance to between $1.42 and $1.46, up from previous expectations of earnings between $1.38 and $1.44 per share.

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