Sunday December 5, 2021, 11:00:00

PZZA: Papa Johns Latest Test Menu Item Appears in Multiple States

By Mark Kalinowski

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.

Read more

Thursday November 4, 2021, 09:05:37

PZZA (Post-Call): A Shaq-a-Rific Q3 for Papa John’s

By Mark Kalinowski

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.

Read more

Tuesday August 17, 2021, 07:55:44

PZZA: A Closer Look at International Unit Growth Opportunities

By Mark Kalinowski

With hints that Domino’s (DPZ; Buy, $513.19) long-term unit growth opportunity may be better than the Street believes, perhaps this is also a hint that the same opportunity exists for Papa John’s.

Read more