IBT -- Papa John’s International, Inc. (NASDAQ: PZZA) today announced its 2009 operating assumptions and earnings guidance. The company projects earnings per share in the range of $1.32 to $1.40 for 2009, excluding the impact from the consolidation of the results of the franchisee-owned cheese purchasing company, BIBP Commodities, Inc. (BIBP), a variable interest entity, in accordance with FIN 46.
