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Stock impact report

Papa John's earnings miss, weighed down by higher costs, but chain sees strong pizza demand [MSNBC.com]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: MSNBC.com
Papa John'sThe company's stock fell more than 7% in premarket trading.Here's what the company reported on Thursday compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv: per share: 40 cents, adjusted, vs. 46 cents expectedThe pizza chain reported fiscal fourth-quarter net income of $13.2 million, or 28 cents per share, up from a net loss of $2.1 million, or 18 cents per share, a year earlier.It spent $6 million, or 12 cents per share, in the fourth quarter on its strategic reorganization, which includes opening a Georgia office. The company also paid out $2.7 million in end-of-year bonuses for its restaurant workers, shaving off 6 cents per share. Increased commodity costs also hit profits during the quarter.Excluding reorganization costs, Papa John's earned 40 cents per share, missing the 46 cents per share expected by analysts surveyed by Refinitiv.Net salesNorth American same-store sales increased by 13.5%. Papa John's also raked in higher royalti Show less Read more
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