Papa John's International, Inc. (PZZA) is scheduled to report first-quarter 2024 results on May 9 before the opening bell. In the last reported quarter, its earnings beat the Zacks Consensus Estimate by 24.7%.Q1 EstimatesThe Zacks Consensus Estimate for earnings is pegged at 58 cents per share, suggesting a decline of 14.7% from the prior-year quarter. Over the past 30 days, the consensus estimate for earnings has witnessed downward revisions of 1.7%. The consensus mark for revenues is pegged at $543.9 mill ...

Wall Street analysts forecast that Papa John's (PZZA) will report quarterly earnings of $0.58 per share in its upcoming release, pointing to a year-over-year decline of 14.7%. It is anticipated that revenues will amount to $543.94 million, exhibiting an increase of 3.2% compared to the year-ago quarter.The consensus EPS estimate for the quarter has been revised 1.4% lower over the last 30 days to the current level. This reflects how the analysts covering the stock have collectively reevaluated their initial ...

Papa John’s International, Inc. (PZZA) strengthens its partnership with franchisee Nadeem Bajwa and his company, The Bajco Group. The collaboration aims to expand PZZA's presence in North America, with plans to open 50 new stores by 2028. The Bajco Group, a long-term franchisee, has been integral to PZZA's growth, making this expansion a strategic move for the company.The new agreement will expand Papa John’s footprint in The Bajco Group’s existing markets across the Midwest and Arizona, Pennsylvania and Fl ...

EDMONTON, Alberta, April 02, 2024 (GLOBE NEWSWIRE) -- Papa Johns announced today the limited-time release of its brand-new Crispy Cuppy ‘Roni menu platform. This launch gives consumers three craveable ways to enjoy the premium, new cupping pepperonis from Papa Johns. "We're always looking for fresh ways to show up for pizza lovers and what better way to honour their pizza devotion than a lineup of cupping pepperoni menu items like no other," says Kimberly Bean, Senior Vice President of Menu Strategy and Pro ...

Key TakeawaysShake Shack has replaced its chief executive with the CEO of Papa John's International.Rob Lynch will leave Papa John's and take over for Randy Garutti, who has led Shake Shack for a dozen years.Papa John's named CFO Ravi Thanawala as interim CEO as it searches for a replacement.Papa John's shares fell more than 5% Thursday afternoon following the announcement. Shares of Papa John’s International (PZZA) dipped more than 5% in intraday trading Thursday after Shake Shack Inc. (SHAK) announced the ...

Key PointsPapa John's had a solid quarter but fell short of top-line estimates, sparking volatility in the stock price. The company returned to growth and widened margin, driving solid cash flow and capital return. Sell-side activity is mixed but puts a floor in the market, setting the stock up to rally over the long term. 5 stocks we like better than Papa John's InternationalPapa John’s International NASDAQ: PZZA share price has suffered for the last two years as competition and shifting consumer trends cu ...

Papa John's International, Inc. (NASDAQ:PZZA) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET Company Participants Stacy Frole - VP, IR Rob Lynch - President & CEO Ravi Thanawala - CFO Conference Call Participants Sara Senatore - Bank of America Peter Saleh - BTIG Lauren Silverman - Deutsche Bank Brian Bittner - Oppenheimer Eric Gonzalez - KeyBanc Brian Mullan - Piper Sandler Todd Brooks - The Benchmark Company Alexander Slagle - Jefferies Andrew Strelzik - BMO Capital Markets Dennis Geiger - ...

Papa John's (PZZA) reported $571.32 million in revenue for the quarter ended December 2023, representing a year-over-year increase of 8.6%. EPS of $0.91 for the same period compares to $0.71 a year ago.The reported revenue represents a surprise of -1.31% over the Zacks Consensus Estimate of $578.92 million. With the consensus EPS estimate being $0.73, the EPS surprise was +24.66%.While investors scrutinize revenue and earnings changes year-over-year and how they compare with Wall Street expectations to dete ...

Papa John's (PZZA) came out with quarterly earnings of $0.91 per share, beating the Zacks Consensus Estimate of $0.73 per share. This compares to earnings of $0.71 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 24.66%. A quarter ago, it was expected that this pizza chain would post earnings of $0.56 per share when it actually produced earnings of $0.53, delivering a surprise of -5.36%.Over the last four quarters, the company ...

Financial Performance - In 2023, the 512 Domestic Company-owned restaurants generated average annual unit sales of $1.4 million, while the 2,519 North American franchised restaurants generated average annual unit sales of $1.2 million[25][27]. - As of December 31, 2023, there were 5,906 Papa John's restaurants operating globally, with 3,433 in North America and 2,473 internationally[32]. - As of December 31, 2023, net loans outstanding to franchisees totaled $17.5 million, primarily for restaurant purchases and development[42]. - Inflationary pressures have affected profitability, with price increases in food items and other commodities, labor, and fuel costs during 2022, which are expected to moderate in 2024[293]. Business Strategy - The company plans to increase the fixed operating margin charged by Domestic commissaries starting in 2024, while also offering new incentive-based rebates for franchisees[17]. - The company introduced a new development incentive for U.S. franchisees aimed at accelerating unit growth in 2024 and 2025, which includes a reduction in marketing fund contributions[23]. - The company is focused on international expansion, believing that demand for pizza delivery will continue to increase in international markets[59]. - The franchised model allows for resiliency of earnings and growth with less capital investment compared to traditional company-operated restaurants[22]. Technology and Operations - Approximately 85% of Domestic sales are conducted through digital channels, highlighting the company's investment in technology and data science to enhance customer experience[18]. - The company has established International regional hubs and increased technology investments as part of its International Transformation initiative[21]. - The company operates 11 QC Centers in the U.S. that produce dough and distribute key ingredients to ensure consistent food quality across its restaurants[61]. Workforce and Diversity - The company employs approximately 13,200 persons, with around 10,600 working at Company-owned restaurants[47]. - As of December 31, 2023, the total number of persons in the Papa John's system, including team members and franchisees, was approximately 107,000[48]. - The company has received several recognitions in 2023 for its diversity, equity, and inclusion efforts, including being named one of the Best Employers for Diversity by Forbes[49]. - The company aims to diversify its workforce and leadership pipeline by implementing initiatives such as unconscious bias training and annual DEI training for all team members[50]. - The company offers a Dough & Degrees program that allows team members to earn a college degree for free or at a reduced tuition, supporting their career advancement[53]. Market Environment - The U.S. Quick Service Restaurant pizza industry is highly competitive, with challenges from both large national chains and local independent operators[58]. - The company is subject to various federal, state, and local regulations affecting its operations, including health and safety regulations[62]. Risk Management - The company discusses various risk factors in detail in "Part I. Item 1A. — Risk Factors" of the Annual Report on Form 10-K[298]. - The company may update these risk factors in future reports filed with the Securities and Exchange Commission[298]. - There is no obligation for the company to publicly update any forward-looking statements unless required by law[298].