Papa John’s Announces First Quarter 2020 Results and Provides Business Update in Response to COVID-19 Pandemic
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Papa John's (PZZA) Misses Q1 EPS by 24c, Revenues Miss, Comp. System-Wide North American Sales Up 5.3%
May 6, 2020 7:07 AM EDTPapa John's (NASDAQ: PZZA) reported Q1 EPS of $0.15, $0.24 worse than the analyst estimate of $0.39. Revenue for the quarter came in at $409.86 million versus the consensus estimate of $412.19 million.
Highlights
First quarter 2020 earnings per diluted share of $0.15 compared to first quarter 2019 loss per diluted share of ($0.12)System-wide North America comparable sales increase of 5.3%International comparable sales increase of 2.3%Cash flow from operations of $33.7 million; free cash flow of $24.4 million for first quarter 2020Launched No Contact Delivery and Carryout domestically and in many international markets and on plan to hire thousands... More