Papa John's says it can feed a family of four for under $7 per person [MarketWatch]
Papa John's International, Inc. (PZZA)
Last papa john's international, inc. earnings: 2/26 07:00 am
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Source: MarketWatch
Papa John's International Inc. addressed customer inflation concerns during its first-quarter earnings call, noting that it offers an affordable family meal at a time when budgets are being stretched thin. “At Papa John's you can feed a family of four a delicious premium meal, with a pizza and a side for under $7 per person,” said Chief Executive Rob Lynch on the Thursday call, according to a FactSet transcript. Analysts have chimed in on this topic, saying that pizza is the most budget-friendly way for a family to dine out. (Eating at home is less expensive.) See: Analysts say this is the least expensive restaurant option to feed a family of four Still, inflation isn't sparing the pizza sector, with Papa John's PZZA, raising prices to cover the higher cost of ingredients. “Last quarter we were able to successfully raise prices by approximately 7% on average in our corporate stores to offset inflation in our food basket,” he said. “This contributed to higher ticket as did
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PZZA
Earnings
- 2/29/24 - Beat
PZZA
Sec Filings
- 5/6/24 - Form 8-K
- 3/29/24 - Form PX14A6G
- 3/29/24 - Form ARS
- PZZA's page on the SEC website