Papa John's +2% after earnings

Aug. 06, 2019 4:41 PM ETPapa John's International, Inc. (PZZA)PZZABy: Clark Schultz, SA News Editor
  • Papa John's International (NASDAQ:PZZA) reports U.S. company-owned comparable sales fell 6.8% in Q2. Systemwide North America comparable sales were down 5.7%.
  • Company-owned restaurant margin was 19.4% of sales vs. 16.9% consensus.
  • Looking ahead, Papa John's anticipates North America comparable sales to fall between 1% and 5% vs. -1% to -4% prior view. EPS of $1.00 to $1.20 is anticipated vs. $1.13 consensus.
  • The pizza chain ended the quarter with 5,345 locations (+0.2% Q/Q). Net global new unit growth of 100 to 150 is anticipated vs. prior guidance 75 to 150.
  • Shares of PZZA are up 2.17% AH to $44.20.
  • Previously: Papa John's EPS misses by $0.01, beats on revenue (Aug. 6)
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