Thursday May 6, 2021, 13:26:00
Earlier today, Papa John’s reported adjusted Q1 EPS of $0.90, well above our $0.53 forecast and sell-side consensus (according to Consensus Metrix) of $0.56. The EPS outperformance appears mainly driven by much better-than-expected same-store sales. The Q1 tax rate of 20.4% was a little more favorable than our 21.0% estimate, as well.
Tuesday March 30, 2021, 17:05:00
Papa John’s likely will release its Q1 2021 earnings in early May. How do PZZA shares tend to trade heading into earnings, and the day of (for a before-the-market-open) or after (for an after-the-market-close) an earnings release?
Monday March 29, 2021, 16:12:00
With this report, we increase our Q1E North American same-store sales forecast for Papa John’s by +130 basis points, to +13.5%. As of this writing, sell-side consensus (according to Consensus Metrix) is at +12.9%. Our increased forecast represents factors including: (1) quick-service delivery specialists still seem to be more appreciated by consumers in general, (2) stimulus-related consumer spending in January and in March, and (3) the return of the March Madness college basketball tournament — generating TV ratings on par with 2019 levels, unlike many other major sports games/events — seems to be driving demand for pizza delivery.
Wednesday September 18, 2024
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Wednesday September 18, 2024
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