PZZA Stock Recent News

PALO ALTO, Calif. , Aug. 21, 2024 /PRNewswire/ -- Loadmill is pleased to announce its partnership with Papa Johns International, Inc. ("Papa Johns"), the world's third-largest pizza delivery company.

Papa John's (PZZA) second-quarter 2024 top line has been hurt by lower contributions from the North American commissary segment due to lower transaction volumes and commodity price declines.

Papa John's International, Inc.'s Q2 report showed a revenue miss as comparable sales were pushed down considerably from a weak industry, lower local marketing, and seemingly some underlying brand weakness. Despite weak sales, Papa John's managed to improve underlying profitability incredibly well amid the Back To Better 2.0 plan implementation. Papa John's stock is now undervalued, considering the Back To Better 2.0 initiatives' potential on earnings.

The headline numbers for Papa John's (PZZA) give insight into how the company performed in the quarter ended June 2024, 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 $0.61 per share, beating the Zacks Consensus Estimate of $0.51 per share. This compares to earnings of $0.59 per share a year ago.

Beyond analysts' top -and-bottom-line estimates for Papa John's (PZZA), evaluate projections for some of its key metrics to gain a better insight into how the business might have performed for the quarter ended June 2024.

Papa John's (PZZA) doesn't possess the right combination of the two key ingredients for a likely earnings beat in its upcoming report. Get prepared with the key expectations.

Papa John's stock has continued to fall since my opening piece last November, underperforming close peer Domino's by around 60 percentage points in that time. The business has definitely hit something of a soft patch, with comps looking weak and full-year guidance lowered. That said, these shares now only trade for around 10x EBITDA, and only very modest earnings growth assumptions are needed to make that work for investors.

Papa John's (PZZA) has been hurt by the difficult macroeconomic environment, waning consumer confidence and dismal comps growth.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (Nasdaq: PZZA) (“Papa Johns©”) will release its second quarter financial results before the market opens on Thursday, August 8, 2024, with a conference call to follow discussing these results at 8:00 a.m. ET. Participants on the call will include Ravi Thanawala, Interim Chief Executive Officer and Chief Financial Officer and Stacy Frole, Vice President of Investor Relations. To attend the conference call or webcast, participants.