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…

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