Papa Johns Tops Q4 Estimates as CEO Touts Progress in Taking Market Share

Core Insights - Papa Johns (PZZA) exceeded earnings estimates for Q4, reporting adjusted earnings per share of $0.63 and revenue of$530.77 million, both lower than the previous year but above analyst consensus [1] Financial Performance - Comparable store sales in North America decreased by 4% year-over-year, aligning with estimates, while international comparable sales increased by 2%, surpassing expectations [2] - For 2025, the company anticipates comparable store sales in North America and internationally to be flat or grow up to 2%, compared to current analyst projections of 0.77% and 0.54% growth, respectively [2] Strategic Initiatives - CEO Todd Penegor expressed satisfaction with the initial progress in the company's transformation efforts aimed at improving value perception, simplifying operations, and enhancing digital and loyalty experiences [3] - The company has outlined strategic priorities to capture market share and is focused on executing initiatives to drive near-term sales momentum while increasing profitability over time [3] Market Reaction - Following the earnings report, shares of Papa Johns rose approximately 1.6%, although they have declined about 35% over the past year [3]