Papa John’s International Earnings: Here’s Why Investors are Ambivalent Now
Papa John’s International Inc. (NASDAQ:PZZA) delivered a profit and beat Wall Street’s expectations, AND beat the revenue expectation. The revenue beat is a positive sign to shareholders seeking high growth out of the company.
Papa John’s International Inc. Earnings Cheat Sheet
Results: Adjusted Earnings Per Share increased 26.23% to $0.77 in the quarter versus EPS of $0.61 in the year-earlier quarter.
Revenue: Rose 9.61% to $349.18 million from the year-earlier quarter.
Actual vs. Wall St. Expectations: Papa John’s International Inc. reported adjusted EPS income of $0.77 per share. By that measure, the company beat the mean analyst estimate of $0.69. It beat the average revenue estimate of $348.14 million.
Quoting Management: “Our commitment to delivering a quality product around the globe continues to pay off, with excellent financial performance, a top ranking by the prestigious American Customer Satisfaction Index for the 12th time in 14 years, and the milestone opening of the 1,000th international Papa John’s restaurant,” said Papa John’s Founder, Chairman and Chief Executive Officer John Schnatter. “I am also pleased to announce a quarterly dividend. The combination of share repurchases and quarterly dividends reflects the strength of our brand and our long term commitment to deliver increasing shareholder value.”
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