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Chick-News.com Poultry Industry News, Comments and more by Simon M. Shane

Papa John’s Releases Q3 Results

11/12/2020

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 © 2020 Simon M. Shane