Papa John's Fourth Quarter Earnings Tops Estimates

On Wednesday, Feb. 26, 2020, Papa John’s Inc. (NASDAQ: PZZA) announced that earnings for its fourth-quarter beat the expectation of analysts, as well as exceeding the top and bottom lines. The further disclosed that this milestone achieved was boosted by high same-store sales, which was a definite strategy to turn the brand around.Below are the figures for the fourth-quarter earnings for Papa John’s alongside the estimates of Bloomberg.Revenue: $417.5 million vs. $403.8 million expectedAdjusted earnings per share: 37 cents vs. 32 cents expectedUS same-store sales: +4.1% vs. +2.3% expected. The fourth-quarter earnings of Papa John’s are coming after its rival,…
Source: Papa John's Fourth Quarter Earnings Tops Estimates

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