By Roshan Fernandez

Shares of Papa John's were higher in Thursday's trading after the company reported first-quarter revenue that was higher than analysts had projected.

Shares climbed 16.2% to $38.73 though the stock is down about 29% in the past six months.

The Louisville, Ky.-based company on Thursday reported a first-quarter profit of $9.22 million, or 27 cents a share, compared with $14.6 million, or 44 cents a share, a year earlier.

Excluding one-time items, per-share earnings were 36 cents, on par with what analysts were expecting, according to FactSet.

Revenue rose to $518.3 million from $513.9 million during the year-ago quarter. Analysts were expecting $514.1 million.

Higher revenues were largely the result of higher commodity prices, the company said, and were partially offset by lower transaction volumes.

Papa John's said its North America same-store sales were down 3%. International same-store sales were up 3%.

The company reiterated its full-year guidance.

Competitor Domino's Pizza similarly reported growth in international same-store sales and a decrease in U.S. sales. Yum! Brands, the parent company of Pizza Hut, said same-store sales at its pizza chain fell 2%.

Write to Roshan Fernandez at roshan.fernandez@wsj.com

(END) Dow Jones Newswires

May 08, 2025 11:20 ET (15:20 GMT)

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