Markets

Papa John's Delivers Stale Q4 Earnings, Misses Revenue Estimates

Papa John's International Inc. PZZA just released its fourth quarter fiscal 2016 earnings results, posting earnings of $0.69 per share and revenue of $439.62 million.

PZZA was down 1.17% to $85.63 in after-hours trading shortly after its earnings report was released.

Currently, PZZA has a Zacks Rank #2 (Buy), but it is subject to change following the release of the company's latest earnings report. Here are 5 key statistics from this just announced report below.

Papa John's:

Beat earnings estimates. The company posted earnings of $0.69 cents per share, beating our Zacks Consensus Estimate of $0.66 per share.

Missed revenue estimates. The company saw revenue figures of $439.62 million, missing our estimate of $445.8 million.

International income decreased by $300,000 due to the negative impact from foreign currency exchange risk which was mostly attributed to the United Kingdom for an $800,000 shock.

In the full year of 2016, Papa John's worldwide net unit openings were 204 with 151 being international and 53 in North America.

For 2017, company guidance shows international comparable sales to grow between 4% and 6% along with North American comparable sales increasing between 2% and 4%.

Here's a graph that looks at Papa John's price, consensus and EPS surprise:

Papa John's International, Inc. Price, Consensus and EPS Surprise

Papa John's International Inc. is a pizza delivery and carry-out business. Their restaurants are mixed between being franchised and company operated with having over 5,000 locations in 44 countries and territories around the globe. Papa John's uses never frozen pizza dough and vine-ripened tomatoes never from concentrate to keep their ingredients as fresh as possible.

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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