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Papa John's (NASDAQ: PZZA ) reported its latest quarterly earnings results after hours Tuesday, which included an earnings miss, while revenue also disappointed and fell about 20% year-over-year.
Papa John's added that revenue for the period tallied up to $374 million, below the $390.1 million that Wall Street called for. This also marked a 20% decline when compared to the chain's same period in the year-ago quarter.
The restaurant operator added that its same-store sales in North America were down about 8.1% year-over-year, while this figure was down roughly 2.6% outside of its North America operations. Papa John's predicts that North American sales will continue sliding during its fiscal 2019 as the company sees its same-store sales felling somewhere between 1% and 5%.
The company also sees its international same-store sales as being flat or gaining roughly up to 3%.
PZZA stock took a 0.2% hit during regular trading Tuesday as the chain prepared itself to report for its last period of 2018. Shares then edged 0.5% after hours despite a fourth quarter that underwhelmed in every major financial metric.
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The post Papa John's Earnings: PZZA Stock Higher Despite Q4 Sales Falling 20% appeared first on InvestorPlace .
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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.
