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…
