Papa John's shares slide after earnings and sales decline

Discussion in 'Market News' started by sniper-academy, May 9, 2018.


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  1. sniper-academy

    sniper-academy Administrator Staff Member

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    Papa John's International Inc. shares slid 3.8% in Wednesday premarket trading after the pizza chain reported first-quarter earnings and sales that missed expectations. Net income was $16.7 million, or 50 cents per share, down from $28.4 million, or 77 cents per share, for the same period last year. Revenue was $427.4 million, down from $449.3 million last year. The FactSet consensus was for EPS of 62 cents and sales of $442 million. North American same-store sales fell 5.3%, deeper than the FactSet consensus for a 4.1% decline, and international same-store sales increased 0.3%. Papa John's reaffirmed its 2018 guidance. Shares are up 4.7% for the year so far while the S&P 500 index is about breakeven for the period.

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