Categories LATEST

Papa John’s International Q4 2017 earnings snapshot

Restaurant franchise company Papa John’s International (PZZA) reported a 6.3% jump in its revenue for the final quarter of 2017 to $467.6 million, while income attributable to the company plunged 12.6% to $28.5 million. Diluted earnings declined 7.9% to $0.81 per share from prior year period.

The results were negatively impacted by decrease in company-owned restaurant sales due to negative comparable sales of 4.7% and the impact of refranchising 42 domestic company-owned restaurants.

As for system-wide North America comparable sales, the company reported a decline of 3.9% for the quarter and an increase of 0.1% for full year 2017.

Outlook

For 2018, Papa John expects diluted earnings per share in the range of $2.40 to $2.60 compared to $2.83 reported in fiscal 2017.

Comparable sales in North America is expected to be in the range of negative 3% to flat, while international comparable sales is expected between 3% and 5%.

The company forecasts capital expenditures to come in the range of $45 million to $55 million for 2018.

Papa John Fourth Quarter 2017 Earnings Report

Most Popular

Does Unity Software (U) stock has more room to run?

Last month, the IPO market was in a full swing. IPOs of Snowflake (NYSE: SNOW) and JFROG (NASDAQ: FROG) had an impressive opening day in September, the former creating a

PepsiCo (PEP): Steady snacking habits amid pandemic drive strong quarter for beverage giant

PepsiCo Inc. (NASDAQ: PEP) beat market expectations on both revenue and earnings for the third quarter of 2020. The company saw the momentum continue in its snacks business while the

Does the virus-driven boom make Electronic Arts (EA) a good investment?

With more and more people turning to virtual entertainment sources, amid the virus-related movement restrictions, video game publishers like Electronic Arts (NASDAQ: EA) are witnessing unusually high demand. Not surprisingly,

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top