Thursday February 24, 2022, 09:40:53
Earlier today, Papa John’s reported adjusted Q4 EPS of $0.75, coming in above our $0.74 forecast and sell-side consensus (according to Consensus Metrix) of $0.72. FYI, the Q4 adjusted tax rate amounted to 20.8%, close to our 21.0% estimate.
Sunday December 5, 2021, 11:00:00
Papa Johns latest test menu item has appeared in multiple states. Under Rob Lynch — named CEO of Papa Johns in late August 2019 — menu innovation has been much greater, with Epic Stuffed Crust Pizzas and Papadias examples of that.
Thursday November 4, 2021, 09:05:37
Earlier today, Papa John’s reported adjusted Q3 EPS of $0.83, coming in ahead of our $0.78 forecast and sell-side consensus (according to Consensus Metrix) of $0.72. The Q3 adjusted tax rate was 12.4% according to our calculations, more favorable than our 20.5% projection and consensus of 20.5%. We further calculation that this difference added about +8 cents to Q3 adjusted EPS. In other words, excluding tax-rate help, Q3 adjusted EPS would have been -3 cents below our forecast, but still +3 cents above consensus.