Thursday November 7, 2024, 11:22:52

PZZA (Post-Call): Still Rough Sledding Out There

By Mark Kalinowski

Earlier today, Papa Johns reported adjusted third-quarter EPS of $0.43. This was three cents better than our $0.40 estimate, and in line with sell-side consensus (according to Consensus Metrix) of $0.43.

Read more

Tuesday October 1, 2024, 07:00:00

PZZA: Adjusting Our Estimates (10/1/2024)

By Mark Kalinowski

Concurrent with this report, we are publishing our report entitled “Updating our Q3 Kalinowski Quick-Service Pizza Same-Store Sales Index.” In that report, we note that we are keeping unchanged our Q3E same-store sales forecast for Papa Johns North American of -5.5%. As of this writing, sell-side consensus (according to Consensus Metrix) is at -5.6%.

Read more

Thursday August 8, 2024, 09:17:27

PZZA (Post-Call): Anticipates Full-Year Domestic Same-Store Sales Down by -3% to -5%

By Mark Kalinowski

Earlier today (Thursday), Papa Johns reported second-quarter adjusted EPS of $0.61 despite weaker-than-expected North American same-store sales. This EPS result was above our $0.53 forecast and sell-side consensus (according to Consensus Metrix) of $0.53. Relative to our model, better-than-expected domestic commissary margins helped.

Read more