Papa Murphy's leans on cost cutting with U.S. sales pressured

• Papa Murphy's (FRSH +5.1%) rallies after the company's push to control costs led to a Q4 profit beat.
• Comparable store sales fell 7.8% at U.S. locations during the quarter.
• Papa Murphy's ended the fiscal year with 1,577 stores, +41 Y/Y.
• Looking ahead, the pizza store operator expects FY17 EBITDA of at least $24M.
• Previously: Papa Murphy's EPS of $0.09 (March 15)