Plus   Neg

Papa John's Turns To Profit In Q1

Papa John's International Inc. (PZZA) reported that its net income attributable to common shareholders for the first-quarter was $4.97 million or $0.15 per share, compared to net loss of $3.80 million or $0.12 per share in the prior year.

Adjusted earnings per share were $0.15, down from $0.19 in the previous year.

Total revenues for the quarter rose to $409.86 million from $398.41 million in the prior year.

Analysts polled by Thomson Reuters expected the company to report earnings of $0.39 per share and revenues of $412.19 million. Analysts' estimates typically exclude special items.

System-wide North America comparable sales increase of 5.3%. International comparable sales increase of 2.3%.

Preliminary estimated April fiscal period comparable sales increases of 26.9% for North America and 1.4% for international.

There continues to be many uncertainties related to the COVID-19 pandemic. In late March, the company withdrew its previously provided financial outlook for 2020.

For comments and feedback contact: editorial@rttnews.com

Business News

Editors Pick
Facebook has unveiled Instagram Reels as its answer to the popular Chinese-owned video app TikTok. The social media giant said in a blog post that Instagram Reels is a new way to create short, entertaining videos on Facebook's photo-sharing app Instagram. Facebook reportedly shut down its TikTok clone Lasso in July, ahead of the launch of Instagram Reels. WD-40 Company recalled about 130,000 units of X-14 Mildew Stain Remover for potential risk of skin irritation, a statement by the U.S. Consumer Product Safety Commission (CPSC) showed. The company said pressure can build up inside the bottle and cause it to fall over and leak, posing a risk of skin irritation. Biopharmaceutical company Bristol-Myers Squibb Co. on Thursday reported a loss for the second quarter, compared to a profit last year, hurt primarily by hefty amortization expenses. However, adjusted earnings per share and quarterly revenues topped analysts' expectations. Looking ahead, the company raised its adjusted earnings and revenue outlook for the full-year 2020.
Follow RTT