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Papa John's (PZZA) Stock Dips As Q4 Domestic Sales Sink
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Papa John's International, Inc. (PZZA - Free Report) just released its fourth-quarter and full year 2017 financial results, posting earnings of $0.65 per share and revenues of $467.6 million. Currently, Papa John's is a Zacks Rank #3 (Hold) and is down over 5.50% to $53.25 per share in after-hours trading shortly after its earnings report was released.
PZZA:
Missed earnings estimates. The company posted adjusted earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share.
Beat revenue estimates. The company saw revenue figures of $467.6 million, topping our consensus estimate of $461.94 million.
Papa John's system-wide North America comp-sales fell 3.9% in the fourth quarter, while international comparable sales jumped 2.6%. The pizza chain noted that it had 98 net unit openings during Q4, all of which were in international locations.
Looking ahead to fiscal 2018, Papa John’s expects North America comp-sales to dip as low as 3% with a flat year-over-year upside.
“Actions are underway to improve our brand proposition, how we connect with customers, and how we operate at the unit level,” CEO Steve Ritchie said in a statement.
“These actions build on all the strengths of the Papa John’s brand and include a fresh perspective around marketing driven by new media and creative partnerships, hiring a new PR partner, and bringing online a new engine to drive our Papa Rewards loyalty system.”
Here’s a graph that looks at PZZA’s Price, Consensus and EPS Surprise history:
Papa John's International, Inc. Price, Consensus and EPS Surprise
Papa John's International, Inc. operates & franchises pizza delivery and carry-out restaurants under the trademark Papa John's. The Company's objective is to become the leading chain of pizza delivery restaurants in each of its targeted markets. To accomplish this objective, the Company has developed a strategy designed to achieve high levels of customer satisfaction & repeat business, as well as to establish recognition & acceptance of the Papa John's brand.
Check back later for our full analysis on PZZA’s earnings report!
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Papa John's (PZZA) Stock Dips As Q4 Domestic Sales Sink
Papa John's International, Inc. (PZZA - Free Report) just released its fourth-quarter and full year 2017 financial results, posting earnings of $0.65 per share and revenues of $467.6 million. Currently, Papa John's is a Zacks Rank #3 (Hold) and is down over 5.50% to $53.25 per share in after-hours trading shortly after its earnings report was released.
PZZA:
Missed earnings estimates. The company posted adjusted earnings of $0.65 per share, missing the Zacks Consensus Estimate of $0.68 per share.
Beat revenue estimates. The company saw revenue figures of $467.6 million, topping our consensus estimate of $461.94 million.
Papa John's system-wide North America comp-sales fell 3.9% in the fourth quarter, while international comparable sales jumped 2.6%. The pizza chain noted that it had 98 net unit openings during Q4, all of which were in international locations.
Looking ahead to fiscal 2018, Papa John’s expects North America comp-sales to dip as low as 3% with a flat year-over-year upside.
“Actions are underway to improve our brand proposition, how we connect with customers, and how we operate at the unit level,” CEO Steve Ritchie said in a statement.
“These actions build on all the strengths of the Papa John’s brand and include a fresh perspective around marketing driven by new media and creative partnerships, hiring a new PR partner, and bringing online a new engine to drive our Papa Rewards loyalty system.”
Here’s a graph that looks at PZZA’s Price, Consensus and EPS Surprise history:
Papa John's International, Inc. Price, Consensus and EPS Surprise
Papa John's International, Inc. Price, Consensus and EPS Surprise | Papa John's International, Inc. Quote
Papa John's International, Inc. operates & franchises pizza delivery and carry-out restaurants under the trademark Papa John's. The Company's objective is to become the leading chain of pizza delivery restaurants in each of its targeted markets. To accomplish this objective, the Company has developed a strategy designed to achieve high levels of customer satisfaction & repeat business, as well as to establish recognition & acceptance of the Papa John's brand.
Check back later for our full analysis on PZZA’s earnings report!
Zacks Top 10 Stocks for 2018
In addition to the stocks discussed above, would you like to know about our 10 finest buy-and-hold tickers for the entirety of 2018?
Last year's 2017 Zacks Top 10 Stocks portfolio produced double-digit winners, including FMC Corp. and VMware which racked up stellar gains of +67.9% and +61%. Now a brand-new portfolio has been handpicked from over 4,000 companies covered by the Zacks Rank. Don’t miss your chance to get in on these long-term buys.
Access Zacks Top 10 Stocks for 2018 today >>