earnings
confidence high
sentiment negative
materiality 0.80
Papa John's Q3 2024: North America comps down 6%; adj. EPS $0.43 vs $0.53 YoY
PAPA JOHNS INTERNATIONAL INC
2024-Q3 EPS reported
$2.09
revenue$1,528,617,000
- Comparable sales: North America -6% (company-owned -7%, franchise -5%); International -3%.
- Global system-wide sales $1.19B (-3% YoY); total revenues $507M (-3% YoY).
- GAAP operating income $65M (up from $32M); adjusted operating income $29M (down $4M YoY).
- GAAP diluted EPS $1.27 (vs $0.48); adjusted diluted EPS $0.43 (vs $0.53 YoY).
- Net openings +25 in Q3; FY2024 guidance: North America >100 gross, International 170-190.