Papa John’s posts lower earnings as same-store sales drop

Papa John's International Inc. posted lower earnings after same-store sales dropped in the first quarter.

The Louisville-based pizza chain said net income fell 41.1 percent, to $16.7 million, or 50 cents a share, from $28.8 million, or 77 cents a share, diluted, a year earlier.

Revenue fell 4.9 percent, to $427.4 million from $449.3 million.

Papa John's (Nasdaq: PZZA) said that its global restaurant sales fell 1.3 percent. But comparable systemwide sales at its North American restaurants fell…

Previous Craft brewery to open in South Park District
Next With Hungry Greek deal, downtown Tampa's Element tower is down to one restaurant vacancy

No Comment

Leave a reply

Your email address will not be published. Required fields are marked *