Papa John's (PZZA) Q1 Earnings Beat Estimates, Stock Down

Papa John’s International, Inc. (PZZA) recorded mixed first-quarter fiscal 2024 results, with earnings beating the Zacks Consensus Estimate and revenues missing the same. The top and the bottom line declined on a year-over-year basis.Following the results, the company’s shares fell 6.8% during trading hours on May 9. Negative investor sentiments were witnessed as the company cited sales pressure in the short term due to the persistent challenging macroeconomic conditions and a decline in consumer confidence ...