Compared to Estimates, Papa John's (PZZA) Q1 Earnings: A Look at Key Metrics

Financial Performance - Papa John's reported revenue of $518.31 million for the quarter ended March 2025, a year-over-year increase of 0.9% [1] - The EPS for the same period was $0.36, down from $0.67 a year ago, indicating a decline [1] - The reported revenue exceeded the Zacks Consensus Estimate of $509.8 million by 1.67%, while the EPS surprise was +9.09% compared to the consensus estimate of $0.33 [1] Key Metrics - The number of domestic company-owned restaurants was 539, slightly below the estimated 541 [4] - Total North America restaurants stood at 3,516, compared to the average estimate of 3,521 [4] - Comparable sales growth for system-wide North America restaurants was -1%, better than the -1.2% estimate [4] - Comparable sales growth for North America franchised restaurants was -2.3%, worse than the -1.1% estimate [4] - Comparable sales growth for domestic company-owned restaurants was -4.6%, significantly worse than the -1.5% estimate [4] Revenue Breakdown - North America franchise royalties and fees generated $36.81 million, below the $41.63 million estimate, but a 3.1% year-over-year increase [4] - North America commissary revenues were $264.38 million, exceeding the $216.22 million estimate, representing a 30.1% year-over-year increase [4] - Other revenues totaled $23.76 million, significantly below the $34.08 million estimate, reflecting a 59% year-over-year decline [4] - Domestic company-owned restaurant sales were $170.80 million, slightly below the $175.05 million estimate, marking a 3.1% year-over-year decline [4] - International revenues reached $39.11 million, surpassing the $32.63 million estimate, but showing a 3.9% year-over-year decline [4] - Advertising funds revenue was $43.67 million, slightly above the $43.36 million estimate [4] Stock Performance - Shares of Papa John's have returned -1.7% over the past month, contrasting with the Zacks S&P 500 composite's +11.3% change [3] - The stock currently holds a Zacks Rank 4 (Sell), indicating potential underperformance relative to the broader market in the near term [3]