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Papa John's (PZZA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
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For the quarter ended June 2024, Papa John's (PZZA - Free Report) reported revenue of $507.89 million, down 1.3% over the same period last year. EPS came in at $0.61, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $518.86 million, representing a surprise of -2.11%. The company delivered an EPS surprise of +19.61%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Papa John's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
Comparable sales growth - System-wide North America restaurants
: -1.9% compared to the -1.7% average estimate based on six analysts.
Comparable sales growth - North America franchised restaurants
: -3.4% compared to the -1.8% average estimate based on six analysts.
: -4.2% versus the six-analyst average estimate of -1.3%.
Number of Restaurants - System-wide
: 5,883 versus the six-analyst average estimate of 5,891.
Number of Restaurants - Franchised North America
: 2,910 versus the six-analyst average estimate of 2,919.
Revenues- North America franchise royalties and fees
: $34.41 million versus $35.03 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.
Revenues- Domestic Company-owned restaurants
: $173.21 million compared to the $177.92 million average estimate based on six analysts. The reported number represents a change of -1.5% year over year.
Revenues- Other revenues
: $62.38 million versus the six-analyst average estimate of $59.81 million. The reported number represents a year-over-year change of -0.1%.
Revenues- International revenues
: $39.70 million versus $41.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.
Revenues- North America commissary revenues
: $198.20 million versus the six-analyst average estimate of $203.96 million. The reported number represents a year-over-year change of -4.2%.
Revenues- International revenues- Commissary sales
: $16.13 million compared to the $27.66 million average estimate based on three analysts. The reported number represents a change of -20.4% year over year.
Revenues- International revenues- Franchise royalties and fees
: $12.14 million compared to the $12.79 million average estimate based on three analysts. The reported number represents a change of -0.4% year over year.
Shares of Papa John's have returned +0.9% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.
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Papa John's (PZZA) Q2 Earnings: How Key Metrics Compare to Wall Street Estimates
For the quarter ended June 2024, Papa John's (PZZA - Free Report) reported revenue of $507.89 million, down 1.3% over the same period last year. EPS came in at $0.61, compared to $0.59 in the year-ago quarter.
The reported revenue compares to the Zacks Consensus Estimate of $518.86 million, representing a surprise of -2.11%. The company delivered an EPS surprise of +19.61%, with the consensus EPS estimate being $0.51.
While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.
As these metrics influence top- and bottom-line performance, comparing them to the year-ago numbers and what analysts estimated helps investors project a stock's price performance more accurately.
Here is how Papa John's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
View all Key Company Metrics for Papa John's here>>>Comparable sales growth - System-wide North America restaurants
: -1.9% compared to the -1.7% average estimate based on six analysts.Comparable sales growth - North America franchised restaurants
: -3.4% compared to the -1.8% average estimate based on six analysts.Comparable sales growth - Domestic company-owned restaurants
: -4.2% versus the six-analyst average estimate of -1.3%.Number of Restaurants - System-wide
: 5,883 versus the six-analyst average estimate of 5,891.Number of Restaurants - Franchised North America
: 2,910 versus the six-analyst average estimate of 2,919.Revenues- North America franchise royalties and fees
: $34.41 million versus $35.03 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a -0.9% change.Revenues- Domestic Company-owned restaurants
: $173.21 million compared to the $177.92 million average estimate based on six analysts. The reported number represents a change of -1.5% year over year.Revenues- Other revenues
: $62.38 million versus the six-analyst average estimate of $59.81 million. The reported number represents a year-over-year change of -0.1%.Revenues- International revenues
: $39.70 million versus $41.59 million estimated by six analysts on average. Compared to the year-ago quarter, this number represents a +14.7% change.Revenues- North America commissary revenues
: $198.20 million versus the six-analyst average estimate of $203.96 million. The reported number represents a year-over-year change of -4.2%.Revenues- International revenues- Commissary sales
: $16.13 million compared to the $27.66 million average estimate based on three analysts. The reported number represents a change of -20.4% year over year.Revenues- International revenues- Franchise royalties and fees
: $12.14 million compared to the $12.79 million average estimate based on three analysts. The reported number represents a change of -0.4% year over year.Shares of Papa John's have returned +0.9% over the past month versus the Zacks S&P 500 composite's -6.5% change. The stock currently has a Zacks Rank #4 (Sell), indicating that it could underperform the broader market in the near term.