Papa John's International Inc. (PZZA) Tuesday reported first-quarter profit of $19.3 million or $0.85 per share, up from $17.0 million or $0.69 per share in the comparable quarter last year.
Adjusted earnings for the quarter was $19.1 million or $0.84 per share. On average, five analysts polled by Thomson Reuters expected the company to earn $0.81 per share for the quarter. Analysts' estimates typically exclude special items.
Revenues increased 7.3 percent to $355.6 million from $331.3 million last year/ Analysts expected revenues of $364.34 million.
Global restaurant sales growth was 6.1 percent, flat with last year.
Looking ahead, the company has raised its full-year 2013 earnings outlook to a range of $2.90 to $3.00 per share, up from the previous guidance range of $2.85 to $2.95 per share. Analysts currently expect full-year earnings of $2.96 per share.
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June 12, 2026 17:14 ET Major central bank action was the focus this week in economic news. The European Central Bank became the first major central bank to move in response to the rising inflationary pressures in the backdrop of the conflict in the Middle East. In North America, the U.S. inflation and trade data as well as Canada’s central bank decision gained attention. The Chinese trade data was the main news in Asia.