Thursday November 3, 2022, 13:03:22
Earlier today, Papa John’s reported adjusted Q3 EPS of $0.54, short of our $0.58 forecast and sell-side consensus (according to Consensus Metrix) of $0.61. Adverse factors hindering Q3 results included negative same-store sales in both North America and International, all-time high commodity costs, and wage inflation.
Monday October 3, 2022, 07:00:00
Back on August 31st, we raised our EPS estimates for Papa Johns, citing block cheese prices that had trended downward – important for a company that owns and operates about 9% of its store base. Block cheese closed on August 31st at $1.73 per pound (one cent above the 2012-21 historical average of $1.74 per pound).
Wednesday August 31, 2022, 07:00:00
On August 4th, when Papa Johns reported its Q2 earnings and hosted its related conference call, the company noted that its commodity costs were up by +18% year-over-year in Q2. The company cited cheese as a particular concern.
Tuesday December 24, 2024
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Tuesday December 24, 2024
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