We use cookies to understand how you use our site and to improve your experience. This includes personalizing content and advertising. To learn more, click here. By continuing to use our site, you accept our use of cookies, revised Privacy Policy and Terms of Service.
You are being directed to ZacksTrade, a division of LBMZ Securities and licensed broker-dealer. ZacksTrade and Zacks.com are separate companies. The web link between the two companies is not a solicitation or offer to invest in a particular security or type of security. ZacksTrade does not endorse or adopt any particular investment strategy, any analyst opinion/rating/report or any approach to evaluating individual securities.
If you wish to go to ZacksTrade, click OK. If you do not, click Cancel.
Papa John's Fortifies Presence in Russia with 100th Outlet
Read MoreHide Full Article
World’s third largest pizza delivery company, Papa John’s International, Inc. (PZZA - Free Report) expanded further in Russia with the launch of its 100th outlet in the country. The newest addition is located in St. Petersburg at Maliy Prospekt Vasilievskiy Ostrov, bld. 22, and can accommodate 36 guests.
Russia is one of Papa John’s fastest growing regions and has high potential for further development. In fact, the company added 32 locations in Russia, in the last year. Moreover, it plans to increase the number of restaurants to 150 in Russia by the end of 2017. The brand has been expanding rapidly from Siberia to Central Europe, in addition to Russia. In fact, over the past eight years, the company has witnessed a steady double-digit growth year after year.
Meanwhile, Papa John’s continues to develop its e-commerce business in the region too. As over 75% of all orders are placed online, the company is expected to continue to focus on improvement of its digital customer experience including its website, mobile apps, etc., going ahead.
Notably, international expansion has been the backbone of Papa John’s operations recently. In fact, the fourth quarter of 2016 marked the 28th consecutive quarter of positive comps in the international segment. Currently, the company has more than 1650 international restaurants in 45 countries.
However, owing to its large international presence, Papa John’s is exposed to risks of fluctuations in currency exchange rates, which impacts the company’s top line.
Apart from this, the restaurant industry has also been experiencing low consumption over the last few quarters. Further, increasing competition from other pizza giants like Domino’s Pizza, Inc. (DPZ - Free Report) , YUM! Brands, Inc.’s (YUM - Free Report) Pizza Hut and Papa Murphy’s Holdings, Inc. (FRSH - Free Report) also remains a concern for the company.
Nonetheless, estimates for full-year 2017 have been moving upwards over the last 60 days, testifying to the unwavering confidence that analysts have in the company. Additionally, Papa John’s earnings surpassed the Zacks Consensus Estimate consistently in each of the trailing four quarters, with an average beat of 10.26%. Also, shares of the company have increased 32.6% over the last one year comparing favorably with the Zacks categorized Retail-Restaurants industry’s loss of 5.2%.
Papa John currently carries a Zacks Rank #2 (Buy), which further indicates robust fundamentals and expectations of outperformance in the near term
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>
See More Zacks Research for These Tickers
Normally $25 each - click below to receive one report FREE:
Image: Bigstock
Papa John's Fortifies Presence in Russia with 100th Outlet
World’s third largest pizza delivery company, Papa John’s International, Inc. (PZZA - Free Report) expanded further in Russia with the launch of its 100th outlet in the country. The newest addition is located in St. Petersburg at Maliy Prospekt Vasilievskiy Ostrov, bld. 22, and can accommodate 36 guests.
Russia is one of Papa John’s fastest growing regions and has high potential for further development. In fact, the company added 32 locations in Russia, in the last year. Moreover, it plans to increase the number of restaurants to 150 in Russia by the end of 2017. The brand has been expanding rapidly from Siberia to Central Europe, in addition to Russia. In fact, over the past eight years, the company has witnessed a steady double-digit growth year after year.
Meanwhile, Papa John’s continues to develop its e-commerce business in the region too. As over 75% of all orders are placed online, the company is expected to continue to focus on improvement of its digital customer experience including its website, mobile apps, etc., going ahead.
Notably, international expansion has been the backbone of Papa John’s operations recently. In fact, the fourth quarter of 2016 marked the 28th consecutive quarter of positive comps in the international segment. Currently, the company has more than 1650 international restaurants in 45 countries.
However, owing to its large international presence, Papa John’s is exposed to risks of fluctuations in currency exchange rates, which impacts the company’s top line.
Apart from this, the restaurant industry has also been experiencing low consumption over the last few quarters. Further, increasing competition from other pizza giants like Domino’s Pizza, Inc. (DPZ - Free Report) , YUM! Brands, Inc.’s (YUM - Free Report) Pizza Hut and Papa Murphy’s Holdings, Inc. (FRSH - Free Report) also remains a concern for the company.
Nonetheless, estimates for full-year 2017 have been moving upwards over the last 60 days, testifying to the unwavering confidence that analysts have in the company. Additionally, Papa John’s earnings surpassed the Zacks Consensus Estimate consistently in each of the trailing four quarters, with an average beat of 10.26%. Also, shares of the company have increased 32.6% over the last one year comparing favorably with the Zacks categorized Retail-Restaurants industry’s loss of 5.2%.
Papa John currently carries a Zacks Rank #2 (Buy), which further indicates robust fundamentals and expectations of outperformance in the near term
You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>