Categories Earnings, LATEST

Papa John’s International Q4 2017 earnings snapshot

Restaurant franchise company Papa John’s International (PZZA) reported a 6.3% jump in its revenue for the final quarter of 2017 to $467.6 million, while income attributable to the company plunged 12.6% to $28.5 million. Diluted earnings declined 7.9% to $0.81 per share from prior year period.

The results were negatively impacted by decrease in company-owned restaurant sales due to negative comparable sales of 4.7% and the impact of refranchising 42 domestic company-owned restaurants.

As for system-wide North America comparable sales, the company reported a decline of 3.9% for the quarter and an increase of 0.1% for full year 2017.

Outlook

For 2018, Papa John expects diluted earnings per share in the range of $2.40 to $2.60 compared to $2.83 reported in fiscal 2017.

Comparable sales in North America is expected to be in the range of negative 3% to flat, while international comparable sales is expected between 3% and 5%.

The company forecasts capital expenditures to come in the range of $45 million to $55 million for 2018.

Papa John Fourth Quarter 2017 Earnings Report

Most Popular

United Parcel Service (UPS) seems on track to regain lost strength

Cargo giant United Parcel Service, Inc. (NYSE: UPS) ended fiscal 2023 on a weak note, reporting lower revenues and profit for the fourth quarter. The company experienced a slowdown post-pandemic

IPO Alert: What to look for when Boundless Bio goes public

Boundless Bio is preparing to debut on the Nasdaq stock market this week, and become the latest addition to the list of biotech firms that have launched IPOs this year.

Nike (NKE) bets on innovation and partnerships to return to high growth

Sneaker giant Nike, Inc. (NYSE: NKE) has been going through a rough patch for some time, with sales coming under pressure from weak demand and rising competition. Post-pandemic, the company

Tags

Add Comment
Loading...
Cancel
Viewing Highlight
Loading...
Highlight
Close
Top