Tuesday May 7, 2019, 00:00:00
After Tuesday’s market close, Papa John’s (PZZA; Buy) reported adjusted Q1 EPS of $0.31, surpassing our $0.24 estimate and sell-side consensus (according to Consensus Metrix) of $0.24. We attribute the earnings outperformance primarily to better-than-expected Domestic Company-Owned Restaurant Expenses/Domestic Company-Owned Restaurant Sales (33.4% actual vs. 35.5% projected).
Monday April 15, 2019, 00:00:00
We briefly note the following tidbits regarding privately-held Chick-fil-A, quick-service chicken sector market-share trends in the U.S., and Papa John’s (PZZA; Buy):
Thursday April 11, 2019, 00:00:00
Yesterday, we published a report highlighting the 20 fastest-growing restaurant brands in the U.S. (of those 175 restaurant brands that generated at least $200 million in U.S. systemwide sales during 2018). It would be wonderful if all restaurant brands did was grow, but alas, that is not the case. The restaurant industry is incredibly dynamic — it remains “The Endless Shakeout,” to use the memorable phrase coined in the 1970s by then-Salomon Brothers restaurant-industry analyst Robert L. Emerson.
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Wednesday September 11, 2024