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Shares of Papa John's International Inc. PZZA tacked on 0.3% in premarket trading, after the pizza chain beat first-quarter profit expectations, to offset a revenue and same-store sales miss. Net income fell to $14.6 million, or 44 cents a share, from $22.4 million, or 65 cents a share, in the same period a year ago.
Papa John's (PZZA) first-quarter fiscal 2024 top line is likely to have been aided by expansion efforts, sales-building initiatives and digitalization.
Evaluate the expected performance of Papa John's (PZZA) for the quarter ended March 2024, looking beyond the conventional Wall Street top-and-bottom-line estimates and examining some of its key metrics for better insight.
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.