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TB0-120 exam Dumps Source : TIBCO Enterprise Message Service 6(R) Certification

Test Code : TB0-120
Test appellation : TIBCO Enterprise Message Service 6(R) Certification
Vendor appellation : Tibco
: 112 actual Questions

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Tibco Tibco TIBCO Enterprise Message

TIBCO units a current Bar for Messaging -- Addresses stout information, Administrative tribulation and the precipitate Barrier | killexams.com actual Questions and Pass4sure dumps

LAS VEGAS, NV--(Marketwire - Sep 25, 2012) - TUCON 2012 - these days at TUCON® 2012, TIBCO utility Inc. ( NASDAQ : TIBX ) announced two current products that push the pace boundaries and large records barriers of messaging technology: TIBCO FTL® Message swap and TIBCO commercial enterprise Message carrier™ appliance.

TIBCO FTL® Message change brings remarkable pace and persisted progress of the inordinate performance records distribution TIBCO pioneered when it digitized Wall street in the Nineteen Eighties. The introduction of commercial enterprise Message service™ appliance gives the generally-used TIBCO trade Message provider expertise in a standalone outfit that quite simply "plugs into" the enterprise, resulting in reduced administrative and infrastructure costs, sooner deployment and reduced latency.

industry's First Messaging change

From market data feed-handlers to risk analysis engines to order programs from capital markets corporations, the volume, variety and precipitate of fiscal services records is exploding. The requirement to give mission-crucial messaging for improved volumes of information with decreased latency is essential.

With the announcement of TIBCO FTL® Message change, TIBCO turns into the primary company to interject a truly built-in retort that brings together messaging and networking. This integration provides unparalleled entry to giant volumes and forms of information that produces current intelligence and cost. Extending TIBCO's highest performance messaging product, TIBCO FTL®, TIBCO FTL® Message switch offers next-era high-efficiency purposes the capability to carry advanced efficiency with the aid of inserting the utility interior the network infrastructure.

"due to the fact its inception, TIBCO has set the pace for messaging know-how, and this announcement once again extends their technological lead. With the introduction of TIBCO FTL® Message change, TIBCO is providing messaging it's truly a fragment of the networking infrastructure. Working with Pluribus Networks, we're capable of carry a innovative product focused at the excessive-volume, ultra-high pace requirements of the economic markets industry," talked about Denny web page, Chief Engineer of TIBCO utility.

"The introduction of TIBCO FTL® Message change capacity extra applications can now capture competencies of the supreme efficiency offered by using TIBCO FTL®, apart from getting the additional edge of deploying key purposes internal the change infrastructure itself," mentioned Robert Drost, CEO of Pluribus Networks.

primary aspects of TIBCO FTL® Message switch consist of:

  • customer capability to install software kindly judgment without detain onto the change, enhancing efficiency and reducing network latency.
  • forty eight ports of 10 Gigabit Ethernet, and 4 ports of 40 Gigabit Ethernet.
  • Full sheperd for Layer2 and Layer3 switching performance.
  • developed-in network fault tolerance for absolutely redundant information paths.
  • Native assist of TIBCO FTL® for elevated performance data distribution.
  • The vigor of TIBCO enterprise Message service in a sole kindhearted component

    TIBCO trade Message service outfit offers purchasers the entire advantages of TIBCO's business-main messaging in a standalone appliance. This kindhearted aspect reduces administrative and infrastructure costs with the aid of simplifying the management of stout implementations and globally disbursed systems. With TIBCO enterprise Message service appliance, purchasers can capture utter the advantages they've constructed round their facts distribution layer the usage of TIBCO commercial enterprise Message provider and installation an outfit solution that noticeably improves throughput, lowers latency, and helps maneuver the sheer volume of records that now requires real-time routing within the enterprise. 

    "TIBCO enterprise Message provider has long been the basis for TIBCO's commercial enterprise message distribution. From absolute JMS purposes to TIBCO BusinessWorks™ to TIBCO ActiveMatrix®, valued clientele contain been the usage of TIBCO messaging as the backbone for their communications for over 20 years," talked about Matt Quinn, CTO of TIBCO software. "With the entire add-ons needed for professional message start attainable in a standalone, valued clientele now contain a an Awful lot more straightforward architecture for message birth."

    TIBCO trade Message provider appliance contains:

  • an entire, standalone messaging solution for enterprise-extensive distribution.
  • Fault-tolerant, unavoidable messaging for fast, adventure-driven execution.
  • A high-availability, dual-deployment retort for guaranteed message distribution, without reliance on extra third-party utility or a Storage enviornment community.
  • guide for direct connection of vital applications, providing better throughput and reduce latency.
  • Availability

    Prototypes of TIBCO FTL® Message switch and TIBCO commercial enterprise Message service outfit can be on monitor this week at TIBCO's annual TUCON user conference, Sept. 24-27 at the ARIA inn and casino in Las Vegas. both items are scheduled to be generally purchasable through the conclusion of November, 2012.

    About TIBCO TIBCO software Inc. ( NASDAQ : TIBX ) is a issuer of infrastructure application for groups to originate exercise of on-premise or as a fragment of cloud computing environments. TIBCO's technology digitized Wall street within the '80s with its event-driven "information Bus" software, which helped originate precise-time company a strategic differentiator in the '90s.even if it be optimizing claims, processing trades, cross-promoting items in response to true-time customer behavior, or avoiding a head before it occurs, TIBCO offers organizations the two-2d competencies™ -- the ability to capture the prerogative suggestions on the remedy time and act on it preemptively for a competitive competencies. greater than 4,000 valued clientele international depend on TIBCO to manage suggestions, decisions, approaches and purposes in actual time. gain knowledge of extra at www.tibco.com.

    Story Continues

    TIBCO, TIBCO commercial enterprise Message carrier, TIBCO trade Message service equipment, TIBCO FTL, TIBCO FTL Messaging change, TIBCO ActiveMatrix, TIBCO BusinessWorks, TUCON, and TIBCO software are emblems or registered trademarks of TIBCO utility Inc. within the united states and/or different nations. utter different product and enterprise names and marks outlined during this doc are the property of their respective homeowners and are outlined for identification purposes simplest.

    The foregoing doc includes an outline of obvious deliberate future aspects and performance. Such description is provided for informational functions best and is discipline to trade devoid of be aware.


    appropriate unbiased research enterprise Names TIBCO a leader in facts instruction | killexams.com actual Questions and Pass4sure dumps

    PALO ALTO, Calif., Nov. 8, 2018 /PRNewswire/ -- TIBCO utility Inc., a worldwide chief in integration, API administration, and analytics, nowadays announced it has been named a frontrunner in the Forrester Wave™:  information education options, this autumn 2018 by using Forrester analysis. TIBCO obtained ratings of 5.0 out of 5.0 for the standards of crew collaboration elements, protection and governance, skilled services, and colleague ecosystem. In certain, Forrester notes, "TIBCO Spotfire additionally helps enterprises leverage their IT investments via enabling them to supply records from other platform utility providers, akin to SAP Hana, SAP enterprise Warehouse (BW), and Oracle E-business."

    statistics wrangling with TIBCO Spotfire® supports users in fixing records fine concerns, inconsistencies, and deficiencies as they engage with their statistics. rather than going outdoor Spotfire® to prepare information earlier than growing visualizations, information scientists and enterprise analysts are in a position to mix, shape, clear, enrich, and seriously change statistics, utter while doing data exploration. Spotfire immediately captures utter transformations and statistics wrangling steps, laying them out as a completely editable workflow, permitting the user to edit and partake those steps with others within the corporation.

    "As a company grows, enterprise analysts requisite to drudgery carefully with other professionals, similar to statistics engineers and records scientists, to determine the remedy statistics, fashions, and poise of governance," said Thomas Been, chief advertising officer, TIBCO. "we've got created a profitable solution for businesses to more desirable leverage their facts and derive more comprehensive insights in this analytics crew activity. We're honored to contain their retort recognized as a leader, and will continue to abet their purchasers and companions in the exercise of their information to the better of their capacity."

    Spotfire seamlessly integrates with the quickly-to-be-purchasable TIBCO® Spotfire statistics Science platform and the TIBCO® facts Virtualization product as fragment of the TIBCO® connected Intelligence platform, providing extra capabilities for the data prep process. via information capabilities, Spotfire permits access to TIBCO Spotfire information Science, R, and Python for additional augmentation of data prep capabilities. TIBCO statistics Virtualization addresses the wants of records engineers and information stewards for swiftly growing business-in a position statistics and optimized queries for Spotfire and different functions.

    The Forrester Wave™:  information guidance options, this autumn 2018 analyzes providers of data education solutions. The report evaluates the providing, strategy, and market presence of the 10 accurate providers that deliver a data prep answer, assist for multiple sorts of clients, more than 60 consumers and 30 enterprise-category shoppers, several geographic publicity, and diverse perpendicular exposure.

    learn extra about TIBCO Spotfire with the aid of travelling the Spotfire site prerogative here, or read the complete Forrester research document here (subscription or buy required for access).

    observe us @TIBCO on Twitter, and on their facebook and LinkedIn pages to listen to the latest intelligence and updates from their crew.

    About TIBCOTIBCO fuels digital company by using enabling more desirable choices and faster, smarter movements in the course of the TIBCO related Intelligence Cloud. From APIs and techniques to gadgets and individuals, they interconnect every thing, trap statistics in actual time anywhere it's, and augment the intelligence of your company through analytical insights. hundreds of valued clientele everywhere import on us to build compelling experiences, energize operations, and propel innovation. learn the artery TIBCO makes digital smarter at www.tibco.com.

    TIBCO, Spotfire, and the TIBCO emblem are emblems or registered emblems of TIBCO application Inc. and/or its subsidiaries within the u.s. and/or different countries. utter other product and enterprise names and marks outlined during this doc are the property of their respective homeowners and are outlined for identification.

    Media Contact:Lindsey Ashjian TorresTIBCO software Inc.(650) 846-8862publicrelations@tibco.com

    View fashioned content to download multimedia:http://www.prnewswire.com/information-releases/properly-unbiased-research-firm-names-tibco-a-chief-in-information-instruction-300746226.html

    supply TIBCO application Inc.

    Copyright (C) 2018 PR Newswire. utter rights reserved


    TIBCO Extends leadership in Multicast Market records Infrastructure with sheperd for Cisco DAL retort | killexams.com actual Questions and Pass4sure dumps

    Message expense Throughput Tripled and Message start Latency reduced via almost Forty %

    PALO ALTO, Calif., Sept. 19 / / -- TIBCO utility Inc. (NASDAQ:TIBX) nowadays introduced TIBCO Rendezvous(R) and TIBCO enterprise Message provider(TM) aid for the brand current Cisco server host and material application, referred to as Datagram Acceleration Layer (DAL). tests betoken that deploying TIBCO's messaging platform on Cisco InfiniBand Server fabric Switches and Cisco DAL radically accelerate message prices and in the reduction of message delivery latency.

    "Rising message fees and the continued growth of algorithmic trading are riding heightened bandwidth requirements for statistics distribution and automatic transactions," mentioned Jeff Kristick, vice chairman, Product marketing, TIBCO. "Our coincident compatibility and benchmark testing on this powerful hardware, application aggregate demonstrates the ability of two trade leaders to wield the starting to be claim for high-performance and ultra low latency throughout key industry particular environments including automated trading, communications backbones, and repair genesis networks."

    TIBCO Rendezvous testing with DAL

    TIBCO and Cisco fastidiously demonstrated the current DAL software with the TIBCO Rendezvous messaging platform to ensure compatibility and benchmark efficiency of the solution. The TIBCO Rendezvous platform is produced from two main accessories -- the Rendezvous software Programming Interface (API) and Rendezvous Daemon. Leveraging a disbursed architecture, software recommendation flows from the API to Rendezvous Daemon after which out to the community. TIBCO rvperf and rvlat utilities contain been used to benchmark the efficiency of the answer. examine consequences confirmed message charges improved by means of more than 300%, and latency was reduced by 38% on middling with not one modification to the application or the TIBCO Rendezvous ambiance.

    "we're capable of exceed the challenges of capital markets shoppers through the progress of a totally validated, proven and trade supported solution that ensures the reputable deployment of current expertise promptly and simply," talked about Krish Ramakrishnan, vice chairman and widely wide-spread supervisor of the Server Virtualization company Unit, Cisco. "and dealing closely with TIBCO, they will besides reduce the impregnate and complexity of managing the true-time movement of counsel across programs and extend the style companies upshot company."

    Cisco Datagram Acceleration Layer

    Multicast market statistics traffic is transported transparently by the Cisco DAL application across the infrastructure. The DAL utility is designed to enormously precipitate up purposes and middleware devoid of requiring any changes to a trading software. It accomplishes this by artery of making a user zone library, which eliminates buffer copies and reduces context switches, the leading judgement behind transport connected latency, latency jitter, and low message price capability in computerized trading infrastructures.

    TIBCO Rendezvous

    With more than 2,000 client installations global, TIBCO Rendezvous messaging application supports the mission-critical actual-time messaging requirements of some of the most demanding shoppers. TIBCO Rendezvous is the most effective messaging utility that supplies genuine real-time upshot up/subscribe and request/reply messaging. It additionally supports characteristics of carrier starting from light-weight informational messages to licensed and transactional beginning.

    About TIBCO

    TIBCO software Inc. (NASDAQ:TIBX) gives enterprise utility that helps businesses achieve carrier-oriented architecture (SOA) and enterprise technique administration (BPM) success. With over 3,000 consumers, TIBCO has given main organizations utter over the world improved recognition and agility -- what TIBCO calls The power of Now(R). To gain knowledge of more, contact TIBCO at +1 650-846-one thousand or on the web at http://www.tibco.com/.

    TIBCO, The energy of Now, TIBCO Rendezvous, TIBCO commercial enterprise Message service and TIBCO software are emblems or registered trademarks of TIBCO application Inc. in the united states and/or different countries. utter different product and enterprise names and marks mentioned during this document are the property of their respective house owners and are mentioned for identification functions best.

    supply: TIBCO utility Inc.

    CONTACT: Holly Burkhart of TIBCO application Inc., +1-650-846-8463, hburkhart@tibco.com

    web site: http://www.tibco.com/

    connected Thomas trade update Thomas For Industry

    TB0-120 TIBCO Enterprise Message Service 6(R) Certification

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    TB0-120 exam Dumps Source : TIBCO Enterprise Message Service 6(R) Certification

    Test Code : TB0-120
    Test appellation : TIBCO Enterprise Message Service 6(R) Certification
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    Papa John's International Inc (PZZA) Q3 2018 Earnings Conference convoke Transcript | killexams.com actual questions and Pass4sure dumps

    Logo of jester cap with thought bubble.© The Motley Fool Logo of jester cap with thought bubble.

    Papa John's International Inc  (NASDAQ: PZZA)

    Q3 2018 Earnings Conference Call

    Nov. 06, 2018, 5:00 p.m. ET

    Papa John's International Inc

    Contents:
  • Prepared Remarks
  • Questions and Answers
  • Call Participants
  • Prepared Remarks:

    Operator

    Good day, ladies and gentlemen, and welcome to Papa John's Third Quarter 2018 Conference convoke and Webcast.

    At this time, utter participants are in a listen-only mode. Later they will conduct a question-and-answer session and instructions will ensue at that time. (Operator Instructions) As a reminder, this conference convoke is being recorded.

    I'd now enjoy to interject your host for today's conference, Mr. Steve Coke, Vice President of Investor Relations and Strategic Planning. Sir, you may begin.

    Questions and Answers:

    Steven R. Coke -- Papa John's International, Inc.-VP of IR & Strategy

    Thank you, Chenille. kindly afternoon. Joining me on the convoke today are President and CEO, Steve Ritchie; their CFO, Joe Smith; and Mike Nettles, their Chief Operating and Growth Officer. Steve and Joe will contain comments about their trade and provide a fiscal update. After the prepared remarks, Steve, Joe and Mike will be available for mp;A.

    Our discussion today will contain forward-looking statements involving risks that could judgement actual results to disagree materially from these statements. Forward-looking statements should be considered in conjunction with the cautionary statements in their earnings release and the risk factors included in their SEC filings. gratify mention to their earnings release in the Investor Relations section of their website for a reconciliation of non-GAAP fiscal measures discussed on this call.

    Finally, they quiz any members of the media to be in a listen-only mode. Now I'd enjoy to spin the convoke over to Steve Ritchie for his comments. Steve?

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Steve and kindly afternoon, everyone. Their third quarter results continue to reflect the brand challenges they contain faced this year and were exacerbated by the negative repercussion of the media coverage that began on July 11. However, these events are not going to define the future of Papa John's.

    During the quarter, they took necessary actions to abet prepare their brand reputation and they believe kindly progress has been made. Their performance shows the positive repercussion from these efforts with improved consumer sentiment, third quarter comp sales coming in better than their expectations, cash flows remaining tenacious and an improvement in North America comp sales outlook for the remains of the year.

    As they continue working to rebuild trust, sustained consistent improvements in sales performance, will capture time. Overall, North America comps for the third quarter were down 9.8%. As you may recall, when they reported second quarter results, comps were down approximately 10.5% in July due to the consumer and brand sentiment challenges.

    We said that performance had stabilized. So the third quarter comp is at 9.8% or better than their expectations at that time. That said, the consolidated number does not command the full story. So let me provide some additional detail.

    In September, they launched their current voices of Papa John's marketing campaign, supported by a significant PR and social media pains to drive additional awareness. This drudgery showcased the fact that Papa John's is made up of a team of 120,000 corporate and franchise team members. I am very supercilious of this team. The back they contain shown and their collective commitment to the actions they are taking to glide the company forward.

    We had a tenacious positive response from internal and external stakeholders to the Voices campaign. Employees and franchisees expressed their appreciation for sharing a light on the actual values and people who originate up their company.

    Customers besides responded positively, which shows that the strategy to glide in a new, more modern and inclusive marketing direction is the prerogative one. YouGov Brand Index Data shows that consumer sentiment is shifting from largely negative to neutral or positive. In addition, they contain seen sentiment in traditional and social media shift from negative to neutral or positive.

    According to research conducted by Kantar Millward Brown, a leading marketing research firm, the messaging of the Voices crusade has been a key contributor of these perception moves. The Voices crusade drove a modest improvement in traffic, resulting in September comps that improved compared to the July and August results.

    As they enter the fourth quarter, they are pleased with the quick actions we've taken and the progress being made against a tough environment and unique challenges. At the very time, they contain not lost focus on their requisite to continue executing on the company's five operating priorities, which they launched prior to recent events, which they believe are fundamental to supporting a tenacious foundation.

    As you will recall, these five priorities comprehend making people a priority, improving their brand differentiation, creating accessible value, implementing technological advancements and improving unit economics. They believe their recently announced current organizational structure will back improvement in each of these areas.

    This current structure is anchored by a customer-centric growth organization. They believe by putting the customer at the hub of everything they do, including operations, technology, marketing, product and communications, they can leverage customer data to integrate and innovate across every consumer handle point. This growth organization establishes dedicated roles and responsibilities around each of these consumer handle points and is led by Mike Nettles in the current position of Chief Operating and Growth Officer.

    Moving on to their five priorities and the progress they are making; first, making people a priority. On their last earnings call, I mentioned a number of cultural initiatives that are under way. As you know, they are working with a third party to abet identify opportunities to reinforce their commitment to diversity and inclusion.

    As fragment of this work, they are launching diversity, equity inclusion training this month for their 14,000 corporate team members, which they expect will be completed in early 2019. The training will expand to comprehend franchisees.

    Providing career growth and progress opportunities has long been an necessary fragment of their commitment to making people a priority and the leadership appointments and promotions they recently announced, provide these opportunities while besides recognizing the depth, talent and contributions of their team.

    We are pleased that this current team reflects their commitment to diversity. They believe utter of these steps will abet us retain and attract the talent they requisite to glide the trade forward. Additionally, their positive actions will play a key role in rebuilding faith with customers.

    Second, improving their brand differentiation; as they said in the last quarter, their drudgery to drive current branding and marketing campaigns is more necessary than ever. Q3 was the start of their journey to originate Papa John's a revitalized modern brand. The first step was to interject the actual team members behind the brand and the concept that they are better together. This concept was executed first through their App Download campaign, then in the Voices of Papa John's campaign.

    Consumers know their tag line, BETTER INGREDIENTS. BETTER PIZZA, but the brand strategy, they are pile will redefine the thought better within the pizza category to encompass their product, experience, team and community.

    We're transitioning to operate enjoy a brand management organization, utilizing customer segmentation to deliver a deeper understanding of their customers and their needs and to innovate around product, message and undergo across consumer handle points.

    Our first pains under this structure was a multi-channel Halloween marketing, PR and limited-time proffer crusade leveraging one of their biggest sales opportunities of the year. They are following that up with an integrated crusade for the fan-favorite limited time specialty Double Cheeseburger Pizza. You will discern more of this work, which is focused on communicating a convoke to action around products and undergo in 4Q and into 2019.

    As it relates to creating accessible value, they contain talked in the past about the fact that value goes beyond price to comprehend menu election and variety. They continue to discern and pursue opportunities to provide everyday value to generate consumer appeal and build faith through pricing transparency.

    In the third quarter, they saw success through a number of promotional items; including their specialty pizza offerings. These efforts will continue to be advanced through the altitude of Paul Fabre as their SVP of menu strategy and product innovation. Paul will oversee product development, including menu management and ensuring that the pizza and other products they proffer to customers or what they crave.

    Another capitalize of affecting product and menu into the growth organization is that it provides a direct line to customer data that drivers menu and product innovation to more customers to the brand.

    Value can besides be delivered through channels. In the September app downloads promotion, I mentioned earlier was a successful test leveraging a sole channel; in this case, the Papa John's app to provide exclusive offers. The promotion saw a rear in orders from both current and existing app customers without taking orders from existing digital channels.

    In addition to channel test, this quarter they are leveraging customer segmentation data to test a number of different value offers in corporate and franchise restaurants. They are besides testing offers tailored to individuals that we've identified as customers who are seeking value. These tests are necessary to determine what will define accessible value for the Papa John's customer in the future.

    Turning to technology, since joining last year, Mike Nettles has significantly elevated the consumer undergo across their digital and mobile platforms. Over this period, Papa John's mobile apps contain become highly rated in both app stores. The company has established current ordering partnerships, including Facebook Instant Ordering, Amazon Alexa and DoorDash and Papa John's has established key data and analytics capabilities to better restaurant operations and better informed customer engagement.

    With the rollout of Google Maps, they contain transitioned to a best-in-class solution across utter trade handle points, from trade round zones to routing, and they are seeing improved delivery results. These results are translating into successful outcomes as 99% of customer addresses are now being institute on the customers' first try with their online delivery address search, because Google Maps uses real-time traffic data, the estimated delivery time has improved and we're seeing a significant uptime in wait time satisfaction from their customers.

    Given Mike's current role as Chief Operating and Growth Officer, we've asked Justin Falciola to serve as their current Chief Analytics and Technology Officer, now overseeing product engineering, architecture and delivery, as well as enterprise insights and analytics.

    Turning to unit economics, operating efficiently at the unit even remains a key priority and their study of potential improvements to their restaurants is continuing with the assistance of third-party efficiency experts. In the third quarter, they received numerous innovative ideas from these experts and contain deployed several of them in the testing environment.

    In addition, they are working with third-party food aggregators to determine best practices, while driving revenue and staffing augmentation. Taken together, incremental efficiencies and improvements enjoy these and others can substantially better how their franchisees operate and their profitability profile.

    On this point, I want to disburse a minute discussing how they drudgery with their franchisees during the quarter. They continue to engage with their franchisees and saw a significant majority of them at their Annual Operators Conference during the quarter. They contain been supportive of us and they are committed to their long-term fiscal health.

    We are besides appreciative of their two franchise representative bodies, the Franchise Advisory Council and the Papa John's Franchise Association, for the collaborative approach they contain demonstrated to pursue improved performance for utter of their stakeholders.

    In August, they made their commitment to franchisees clear through their assistance program for North America. besides in early October, they committed to investing $10 million during the remains of 2018 into their national marketing fund. These funds are being used for additional media support. Total cost for the assistance program including this incremental marketing investment are consistent with the updated outlook they provided in their earnings press release.

    Before turning the convoke to Joe, let me besides handle on International. Total sales and net progress both grew at a double-digit pace in the quarter. They now contain added over 300 current restaurants in the last 12 months, which is a record for the company.

    Also I want to highlight that during the quarter, they expanded their presence in Central Asia with their first restaurant in Kazakhstan. They contain entered 11 current countries since 2016, and Papa John's is now in 46 countries and territories around the globe. They are quickly approaching 2,000 restaurants.

    To further enhance their International growth opportunities, they recently announced a current organizational structure that provides Jack Swaysland, their International Chief Operating Officer with direct oversight of the International supply chain and attribute assurance function.

    With the growth of the international trade over the past few years, coupled with the number of suppliers located outside of the US, it's the prerogative time to locate these functions within the teams they serve. They believe this current structure will foster accelerated growth and unit development, and back improving unit economics.

    We are very positive on their overall international growth opportunity, despite the International comp sales abate of 3.3%, which continues to be driven by performance in the UK and Middle East. In the UK where they now contain over 400 restaurants, Q3 comps were impacted by industry pressures, as well as last year's pan pizza launch.

    The UK continues to capture actions to drudgery through a tough year; however, increased clarity around their customer demographics and needs has enabled the creation and implementation of a more focused marketing strategy. Although it is early in the roll-out of the strategy, they are seeing positive signs.

    In summary, progress is being made, and they took necessary steps during the quarter to align talent and resources in a artery that enhances their customer-oriented approach. But they soundless countenance challenges and know that more drudgery needs to be done to restore consumer trust. They are seeing improved consumer sentiment. Their attention now is on activating that sentiment to drive increased sales.

    Let me spin the convoke now over to Joe Smith for a fiscal review of the quarter. Joe?

    Joseph H. Smith -- Senior Vice President, Chief fiscal Officer

    Thank you, Steve. They reported a diluted loss of $0.41 per partake in the third quarter on a GAAP basis. Adjusted diluted earnings per partake were $0.20 on a non-GAAP basis compared to $0.60 in the third quarter of 2017. The decline in their EPS was primarily attributable to their special charges, the repercussion of lower North America comparable sales, higher restaurant operating cost, as well as increased interest expense.

    During the third quarter, they incurred special charges of $24.8 million, which is $19.3 million on an after-tax basis, including $3.6 million of cost to supersede or write-off branded assets and reduce royalties to domestic franchisees amounting to $9.9 million.

    The remains of the special charges were primarily costs associated with activities of the Special Committee of the Board, including the third-party audit of the culture at Papa John's and additional legal and advisory costs.

    Our third quarter net loss on a GAAP basis was $13 million, excluding the special charges, their third quarter after-tax income was $6.2 million compared to $21.8 million for the corresponding quarter in 2017.

    Consolidated third quarter revenues decreased $67.7 million or 15.7%, primarily driven by lower comparable sales for North America, which resulted in lower company-owned restaurant revenues, lower royalties and decreased North America commissary sales.

    In addition, the refranchising of 62 company-owned restaurants in North America earlier in the year reduced total revenues on a quarter and year-to-date basis by approximately $15 million and $27.2 million, as compared to prior-year periods.

    International revenues besides decreased due to the refranchising of 34 China company-owned restaurants. Domestic company-owned restaurants operating margin decreased $12 million or 3.3%, as a percentage of related revenues, primarily due to the repercussion of lower comparable sales and higher non-owned automobile cost.

    Additionally, the adoption of the current revenue recognition standard, reduced the restaurant operating margin due to the revised fashion of accounting for the customer loyalty program.

    North America franchise royalties and fees decreased $12.8 million or approximately 50% as compared to the third quarter of 2017, as a result of the previously mentioned $9.9 million of the short-term royalty waivers granted to the entire North America franchise system, as fragment of the Franchise Assistance Program.

    Our 2018 royalties were further reduced due to the negative comparable sales and an extend in other franchise royalty waivers granted to individual franchisees.

    North America commissary operating margin remained relatively flat at $8.3 million for the quarter. Their International operating margin decreased $400,000 due to lower income from the United Kingdom attribute control center. The reduction in income from the U.K. operation was partially offset by higher royalties from increased equivalent units throughout the world.

    For the third quarter, G&A cost increased $19.7 million, primarily due to the previously mentioned special charges, including the cost to supersede or write-off branded assets. The remains of the extend was primarily due to higher technology initiative cost and the change in the timing of their Annual Operators Conference to the third quarter in 2018, as compared to 2017, when it was hosted in the second quarter.

    Net interest expense increased $3.4 million due to an extend in the middling outstanding debt, including the repercussion of partake repurchases, as well as higher interest rates. At the linger of the third quarter, their debt poise was $578.6 million.

    For the nine months ended September 30, 2018, their EPS was $0.47 on a GAAP basis. Adjusted diluted earnings per partake were $1.18 on a non-GAAP basis compared to $2.02 for the very epoch in 2017. The decline in EPS for 2018 is primarily due to the very reasons previously mentioned. On a year-to-date basis, their effective tax rate was 21.1%.

    Our free cash flow which is a non-GAAP measure that they define as cash flow from operations, less capital expenditures was approximately $68.2 million on a year-to-date basis, which is a abate of $3.5 million from 2017. They paid a cash dividend of $7.1 million or $0.225 per common partake during the third quarter.

    Subsequent to the third quarter, on November 01, 2018, their Board of Directors declared a fourth quarter dividend of $0.225 per common share. On a year-to-date basis, the company repurchased 2.7 million shares of stock for $158 million. As previously reported, the company has no plans to repurchase any additional stock in 2018.

    Turning now to their outlook for the remains of 2018, they expect adjusted diluted EPS of $1.30 to $1.60 for the year. This excludes the repercussion of restaurant divestitures and the previously mentioned special charges related to the recent events.

    Last quarter, they provided a preliminary sweep on special charges of $30 million to $50 million as they drudgery together information on the necessary expenditures to back the business. The special charges are now expected to be in a sweep of $50 million to $60 million, including a $10 million contribution to their domestic national marketing fund during the fourth quarter.

    North America comp sales for the year are expected to be in a sweep of negative 6.5% to negative 8.5%, which is an improvement from their previous guidance of negative 7% to negative 10%. International comp sales are expected to be in a sweep of negative 2% to positive 1% for the year.

    Finally, as previously announced, they recently amended their existing credit agreement. With the company's history of tenacious cash flow, their constructive long term relationship with their banks and their comprehensive plans to better the business, they were able to obtain the usurp modifications to the fiscal covenants.

    I'll now spin the convoke back over to Steve Ritchie for his final remarks before they capture mp;A Steve?

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Joe. As they enter the fourth quarter, they are optimistic about the opportunities ahead for Papa John's. While challenges that contain been created for their company are soundless there, they are seeing early indications that their improvement actions are working.

    The improved consumer sentiment in North America, their stabilizing comps, the outspoken back both internally and externally, their significant international wide space and their continued tenacious cash flows, utter back their assurance for the future. They are absolutely committed to pile on this momentum and affecting the company forward to greater success.

    We value your continued back and I'll now spin the convoke over to the operator for mp;A. Chenille.

    Operator

    Thank you. (Operator Instruction) Their first question comes from the line of William Slabaugh of Stephens. Your line is now open.

    William Slabaugh -- Stephens -- Analyst

    Yes, thanks guys. Wanted to quiz a follow-up on that $50 millon to $60 million number that you increased this quarter. Can you talk a puny bit more about where that's going exactly? I know you mentioned the $10 million vanish into the ad fund. I believe that stayed constant or maybe that was an extend going into the fourth quarter. I was just snoopy on some of the color around that?

    Joseph H. Smith -- Senior Vice President, Chief fiscal Officer

    No. Well, the $10 million was actually current from their previous guidance that they gave in the third quarter. That was something that they approved late, basically in early October. So that's kindhearted of a current contribution that was not considered when they gave the previous guidance.

    Then again, the comfort of it will be again some more assistance to the franchisees and then again some drudgery from the special committee, the advisors working with the special committee of the Board.

    William Slabaugh -- Stephens -- Analyst

    Got it. I sensation if you could talk a puny bit more about the trends that you saw during the quarter. You mentioned it got a puny bit better and then I know you said in September particular they did improve.

    Can you give us any more color around the numbers that -- how that may contain looked. And then any color in October as you've had a puny time under your belt, with the current launch of the Voices crusade will be helpful as well?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Will. It's Steve. So I'm not going to probably bag into specifics around the fourth quarter. I'll probably start getting back to just kindhearted of full year guidance numbers. I'll give you a puny bit of color there on the third quarter.

    So they did give visibility of the cadence of the comps in third quarter in July being down 10.5%, that trend kindhearted of continued through August and then they saw a significant improvement in September. Some of that is attributed to a couple of factors around the current crusade drudgery that contain launched, one being the current Voices brand campaign, but the other being the App Download crusade that they called out and it was very concentrated pains from a promotional standpoint, just on the weekends the four weekends within the quarter.

    So I reflect just indicating as they bag the prerogative promotional poise with the prerogative media band, with the prerogative brand messaging, they know that they can bag significant improvement from a comp standpoint and obviously they got expectations that the fourth quarter will better versus the third quarter.

    Some of that is just the nature of the rollovers from prior year from the November 01 event, but they upshot expect, based on the leading indicators of the consumer sentiment improvement from the Voices campaign, they reflect that is definitely a leading indicator to continued sales improvement as they progress through the comfort of this year.

    William Slabaugh -- Stephens -- Analyst

    Got it. Thank you.

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Will.

    Operator

    Thank you. Their next question comes from the line of Alex Slagle of Jefferies. Your line is now open.

    Alex Slagle -- Jefferies -- Analyst

    Thanks. I was wondering if you guys could remind us what the cadence of your same-store sales domestically watch enjoy last year through the fourth quarter to the degree, I guess the trends decelerate starting in November, but any color you could provide on that?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Alex. So the third quarter, they were basically, they were up 1%. They were at -- the fourth quarter, they were down 3.9%. So just reflect about kindhearted of the trends in the third quarter continuing through October and then a stout precipitous drop off in November and December.

    So clearly we're in actual time hurdling some of those numbers from prior year, but the trade had decelerated a bit in 2017, but was above the flat line. So the predominant amount of the issues from a comp standpoint, certainly related to consumer sentiment issues, related to the two trigger events, one from of course November from last year and then of course earlier this year in July.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And could you talk about the health of your franchisees, this recent conversations you've had with them and any updated thoughts on the potential for increased number of closures in the coming quarters and whatever you're doing ongoing efforts to ensure the stores are utter in the prerogative hands?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure contented to. It's Steve again, Alex. So I think, first off unit economics and the health of their franchisees is always a top priority. As you guys know, I'm besides a franchisee; contain been one since 2005. So I understand the importance of unit economics on the backs of the strength of the franchisees is how they grow the business.

    The kindly thing is we've had a very nice run, dating utter the artery back to 2011, it's been the best five, six year elope in the history of the company. So 2015 and '16, we're back record back-to-back years in terms of sales and profitability for the vast majority of their franchisees.

    So I'd note that because that's clearly necessary as they discern a slowdown in 2017 and this precipitous drop off from a comp standpoint for the fourth quarter last year and utter the artery through the third quarter. So I reflect we've taken the usurp action working collaboratively with their franchisees, those two stout bodies, their Franchise Advisory Council and the Papa John's Franchise Association that does originate up nearly 50% of the units on the franchise base.

    So what they upshot in position was bridge solutions to originate up for their cash flow declines that they've experienced because of the sales comp issues here. So I reflect we've made the prerogative decisions with the commitments that they upshot forth through the linger of 2018 in terms of royalty relief some relief in terms of food costs through the PJ Food Service.

    We besides did detain the extend in their national marketing fund that was scheduled to vanish extend quarter point in the fourth quarter and we've besides continued to not extend the online fee, even though they are making significant investments this year on the technology side of the business.

    So I reflect working very collaboratively with their partners, being the franchisees recognizing the top priority needs to be to continue to quickly accelerate the improvement in topline sales and that will better the unit economics for their franchisees.

    As far as continuation into 2019, clearly they are in the evaluation stages of that now to understand what the outlook looks enjoy for '19 from a sales standpoint and what even of back and how they may back their franchisees and we'll clearly give you guys a very particular outlook of that in February when they report their fourth quarter numbers.

    Alex Slagle -- Jefferies -- Analyst

    Great. And then last one from me, if you could provide any commentary around the recent 8-K filing on the executive retention program and any other actions related to that you can observation on?

    Steve M. Ritchie -- President and Chief Executive Officer

    Sure, Alex. It's Steve. I'd be contented to. As you know, it's a war on talent out there and priority number one for me is to originate unavoidable that I'm retaining the top talent of this organization and I reflect the Compensation Committee working with an independent compensation consultant has taken some very usurp actions, benchmarking in their trade across their peer group and besides looking at what best practices contain done broadly throughout the industry and they took some actions to ensure that we're putting forth the prerogative efforts to retain that talent.

    So there was some amendments to some of the severance components of those plans and they feel confident those actions upshot us at parity against the industry, which they certainly don't want to be disadvantaged especially during the time where we've got a -- clearly, they are in a transformational stage for the brand.

    Alex Slagle -- Jefferies -- Analyst

    Okay. Thanks for that.

    Operator

    Thank you. (Operator instructions) Their next question comes from the line of Chris O'Cull of Stifel. Your line is now open.

    Chris O'Cull -- Stifel -- Analyst

    Thank you. kindly afternoon, guys. Steve, just as a follow-up to that last question, when upshot you expect to originate a determination regarding the even of franchise back for 2019?

    Steve M. Ritchie -- President and Chief Executive Officer

    We are in their budgeting phase now, Chris. So we're immediate on -- and they actually contain their franchise advisory council in this week. So this is one of the points of discussion just to understand the outlook for the franchisee perspective and clearly understanding the cadence of the improvement in comp was directly tied to the levels of support.

    So we'll originate some decisions here in the near future, but in terms of externally making those announcements, it likely won't be externally until they announce fourth quarter earnings, but we're certainly working through that prerogative now.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then Joe, commissary sales were down about 11%, which makes sense given the transaction declines, but profits were down only 2%. Does this value that the company has not provided any commissary markup or pricing release to franchisees?

    Joseph H. Smith -- Senior Vice President, Chief fiscal Officer

    No, they actually did capture their profits down a puny bit and they've committed that for the comfort of the year that their margin will be lower. I upshot reflect you contain a puny and they can -- if they capture that offline, maybe a puny bit of a shift on some of the income with their -- now that they contain less company-owned stores. So that does originate that margin change a puny bit. That's more of an accounting issue than anything else.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And can you give some color or clarify why the international commissary sales were down so much?

    Joseph H. Smith -- Senior Vice President, Chief fiscal Officer

    That would be with the China sale that they had a commissary there, well, it's two things. Obviously, they contain the sale of the China operation. The other fragment is just the UK operation being, having some lower sales, and that reflects some of their lower volumes

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then, Steve, I apologize if I missed this in the presentation, but has the cultural audit been completed?

    Steve M. Ritchie -- President and Chief Executive Officer

    It's soundless on ongoing Chris. So they contain not announced any timeline of completion. But it is soundless ongoing and clearly they capture those things very seriously. So they are not waiting on an output of the audit.

    However, they are excited to bag some of the output of that. So they can originate certain that they originate the adjustments to enhance the culture, but they are continuing to, as I stated in some of the early presentation of making people a priority.

    So there's a number of initiatives that are in motion here to continue to enhance the culture, specifically as it relates to D&I. So they did earlier this year announce that they contain a current Chief of Diversity Equity and Inclusion. So there's a number of efforts around that and a lot of external things that we're working to besides better the perception of the company.

    Chris O'Cull -- Stifel -- Analyst

    Okay. And then I believe the Board may contain mentioned at one point that they were looking to expand the number of members, is that soundless the plan?

    Steve M. Ritchie -- President and Chief Executive Officer

    I reflect they're keeping an open mind. Certainly if they watch at the size of their Board is a relatively petite Board of six directors. Of course one non-independent and another five independent directors. So that is something certainly the Board is being very considerate about in evaluating the options that they may contain and obviously as they originate decisions on that, those things will be communicated.

    Chris O'Cull -- Stifel -- Analyst

    Okay. Great. Thanks guys.

    Steve M. Ritchie -- President and Chief Executive Officer

    Thank you, Chris.

    Operator

    Thank you. And I'm showing no further questions at this time, I would now enjoy to spin the convoke over to Mr. Steve Ritchie, for closing remarks.

    Steve M. Ritchie -- President and Chief Executive Officer

    All right. Well, I just want to thank everybody for joining us today on the call. And clearly, we're very excited about the future of this brand here. They got lot of drudgery to do, but hopefully you've seen that they are demonstrating, making the prerogative steps to capture the brand in the prerogative direction. So they watch forward to talking you again after their fourth quarter results in February. Thank you.

    Operator

    Ladies and gentlemen, thank you for participating in today's conference. This concludes today's program. You may utter disconnect. Everyone contain a worthy day.

    Duration: 34 minutes

    Call participants:

    Steven R. Coke -- Papa John's International, Inc.-VP of IR & Strategy

    Steve M. Ritchie -- President and Chief Executive Officer

    Joseph H. Smith -- Senior Vice President, Chief fiscal Officer

    William Slabaugh -- Stephens -- Analyst

    Alex Slagle -- Jefferies -- Analyst

    Chris O'Cull -- Stifel -- Analyst

    More PZZA analysis

    Transcript powered by AlphaStreet

    This article is a transcript of this conference convoke produced for The Motley Fool. While they strive for their foolish Best, there may be errors, omissions, or inaccuracies in this transcript. As with utter their articles, The Motley Fool does not assume any responsibility for your exercise of this content, and they strongly embolden you to upshot your own research, including listening to the convoke yourself and reading the company's SEC filings. gratify discern their Terms and Conditions for additional details, including their Obligatory Capitalized Disclaimers of Liability.

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    Motley Fool Transcribers has no position in any of the stocks mentioned. The Motley Fool is short shares of Papa John's International and has the following options: long November 2018 $55 calls on Papa John's International. The Motley Fool has a disclosure policy.



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