Papa John’s International Inc. (NASDAQ:PZZA) delivered a profit and beat Wall Street’s expectations, BUT came up short on beating the revenue expectation. The revenue miss is a negative sign to shareholders seeking high growth out of the company.
Papa John’s International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 21.74% to $0.84 in the quarter versus EPS of $0.69 in the year-earlier quarter.
Revenue: Rose 7.34% to $355.6 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Papa John’s International Inc. reported adjusted EPS income of $0.84 per share. By that measure, the company beat the mean analyst estimate of $0.81. It missed the average revenue estimate of $364.34 million.
Quoting Management: “We are pleased to maintain our momentum in the first quarter, with solid increases in EPS, global comp sales, and unit builds,” said Papa John’s founder, chairman and chief executive officer, John Schnatter. “We are excited about both the health of the pizza category and the strength of the Papa John’s brand as we continue to grow around the world.”
Key Stats (on next page)…