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Papa John's (PZZA) emphasizes on Back to Better 2.0 strategy. It plans to open 50 new stores in North America by 2028.
Papa John's International Inc has unveiled plans to shut 43 of its restaurants in the UK, following a review at the start of this year. “Underperforming” sites will close by mid-May following consultations, with these now having been identified, the pizza chain said on Tuesday.
Papa John's International NASDAQ: PZZA share price has suffered for the last two years as competition and shifting consumer trends cut into growth. Today, the stock price is increasing from a solid support level because the company has returned to growth.
The headline numbers for Papa John's (PZZA) give insight into how the company performed in the quarter ended December 2023, but it may be worthwhile to compare some of its key metrics to Wall Street estimates and the year-ago actuals.
Papa John's (PZZA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.71 per share a year ago.
Papa John's (PZZA) fourth-quarter fiscal 2023 results are likely to be aided by expansion efforts, sales building initiatives and digitalization.
Papa John's CEO Rob Lynch joins 'The Exchange' to discuss operating costs, transitioning to a new marketing plan, and more.
Papa John's (PZZA) fourth-quarter North America comparable sales reflect transaction and ticket growth at Domestic company-owned restaurants and North America franchised restaurants.
Papa John's (PZZA) focuses on strengthening its franchise network to drive growth. However, inflationary pressures are headwinds.
Papa John's (PZZA) focus on menu innovation and digital enhancements bode well. However, a challenging macro environment is a concern.