PZZA Stock Recent News

Papa John's (PZZA) second-quarter fiscal 2023 results are affected by dismal franchisees comp performance and a challenging operating environment.

The headline numbers for Papa John's (PZZA) give insight into how the company performed in the quarter ended June 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) is citing a "challenging operating environment" for its second-quarter earnings miss, missing by earnings of $0.01 per share and underperforming revenue expectations by more than $18 million. Yahoo Finance Reporter Brooke DiPalma details CEO Robert Lynch's outlook following this quarter, including prioritizing value and his confidence in competing in the delivery landscape.

Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit.

Papa John's International, Inc. (NASDAQ:PZZA ) Q2 2023 Results Conference Call August 3, 2023 8:00 AM ET Company Participants Stacy Frole - VP, IR Rob Lynch - President & CEO Ravi Thanawala - CFO Chris Collins - Interim Principal Financial and Accounting Officer Conference Call Participants Brian Bittner - Oppenheimer Joshua Long - Stephens Sara Senatore - Bank of America Chris O'Cull - Stifel Eric Gonzalez - KeyBanc Alexander Slagle - Jefferies Andrew Strelzik - BMO Capital Markets Operator Good day and thank you for standing by. Welcome to the Papa John's Second Quarter 2023 Conference Call and Webcast.

Shares of Papa John's are down after missing estimates in the latest quarter, with the pizza company citing a 'challenging' operating environment. Yahoo Finance Live's Julie Hyman and Myles Udland break down the news and what it means for the state of the consumer.

Papa John's (PZZA) came out with quarterly earnings of $0.59 per share, in line with the Zacks Consensus Estimate. This compares to earnings of $0.74 per share a year ago.

High costs and macroeconomic challenges hurt Papa John's (PZZA). However, expansion efforts and robust digitalization bode well.

Papa John's International Inc. PZZA, -3.29% said Monday it has named former Nike Inc. NKE, -0.85% official Ravi Thenawala as chief financial officer. Thenawala spent the last seven years at the sporting company as CFO of Nike North America, its biggest division with fiscal 2022 revenue totaling about $18 billion.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (NASDAQ: PZZA) will release its second quarter financial results before the market opens on Thursday, August 3, 2023, with a conference call to follow discussing these results at 8:00 a.m. ET. To attend the conference call or webcast, participants should register online at ir.papajohns.com/events-presentations. Participants are requested to register a day in advance or at a minimum 15 minutes before the start of the call. A repla.