On November 5th, Papa John's International Inc (PZZA) released Q3 results for the period ending September 27th. The company posted net earnings of $15.7 million on revenue of $472.9 million with an EPS of $0.35. Comparable figures from Q3 2019 were net earnings of $0.39 million on revenue of $403.7 million with an EPS of $0.07.
In commenting on results, Rob Lynch, President and CEO stated, “Double-digit comparable sales growth, dramatically higher earnings, and robust free cash flow all reflect a winning strategy and execution that have helped us outperform our competition and deliver five straight quarters of increasing same-store sales growth.”
Domestic company-owned restaurants showed a comparable sales growth of 18.2 percent with franchise restaurants in North America attaining 25.6 percent. Total assets amounted to $816.7 million, of which $80 million represented goodwill. The company carries $452 million in long- term debt and lease liabilities against a market capitalization of $2.75 billion.
PZZA has traded over the past 52-weeks over a range of $28.55 to $102.25 with a 50 day moving average of $80.77. On Wednesday, November 4th PZZA closed at $76.25, but opened post-release at $80.77 and closed on Friday at $83.65.
Over the trailing 12 months, operating margin was 4.5 percent and profit margin 1.6 percent. The company generated a return on assets of 6.5 percent.