Markets

Papa John’s Earnings: PZZA Stock Higher Despite Q4 Sales Falling 20%

InvestorPlace - Stock Market News, Stock Advice & Trading Tips

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.

The Louisville, Ky.-based pizza chain brought in fourth-quarter net losses of $13.8 million , or 44 cents per share following a profit of $28.5 million, or 81 cents per share during its year-ago quarter. The company also reported adjusted earnings of 15 cents per share, below the 17 cents per share that Wall Street called for, according to data compiled in a Refinitiv survey of analysts.

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.

More From InvestorPlace

Compare Brokers

The post Papa John's Earnings: PZZA Stock Higher Despite Q4 Sales Falling 20% appeared first on InvestorPlace .

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.

In This Story

PZZA

Other Topics

Stocks

Latest Markets Videos

    InvestorPlace

    InvestorPlace is one of America’s largest, longest-standing independent financial research firms. Started over 40 years ago by a business visionary named Tom Phillips, we publish detailed research and recommendations for self-directed investors, financial advisors and money managers.

    Learn More