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Email Content: Poultry Industry News, Comments and more by Simon M. Shane

Papa John’s Releases Q3 Results


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. 

Copyright © 2021 Simon M. Shane