Papa John's boosts stock buyback program by $50M

By Associated Press
August 14, 2008 | Comments (0)

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Pizza chain Papa John's International Inc. said Thursday its board approved a $50 million increase to its stock buyback program, bringing the total to $775 million.

The company said it has repurchased $705.1 million of its stock since the repurchase program began in 1999.

As of June 29, the Papa John's had about 28.7 million shares outstanding on a diluted basis.

Shares fell 3 cents to close at $27.94.

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