Papa Murphy’s Holdings, Inc. Reports Second Quarter 2016 Results
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Jefferies Cuts Price Target on Papa Murphy's (FRSH) to $7; Reiterates Hold
August 4, 2016 10:20 AM EDTJefferies maintained a Hold rating on Papa Murphy's Holdings (NASDAQ: FRSH), and cut the price target to $7.00 (from $9.00), following the company's 2Q earnings report. Domestic system SSS declined 4%, worse than -2.8% last quarter and expectations of -3%. EBITDA margins declined 130bps, helped by... More
Papa Murphy's (FRSH) Tops Q2 EPS by 1c, Sees FY Comp Decline of 2%-3%
August 3, 2016 4:51 PM EDTPapa Murphy's (NASDAQ: FRSH) reported Q2 EPS of $0.06, $0.01 better than the analyst estimate of $0.05. Revenue for the quarter came in at $29.9 million versus the consensus estimate of $33.44 million.
Domestic system comparable store sales compared with the second quarter of 2015 decreased by 4.0%, including a 3.7% decrease at domestic franchisee-owned stores and a 6.6% decrease at company-owned stores.
... More