Papa John's stock rises after revenue tops estimates

Dow Jones

07 Nov 2024

MW Papa John's stock rises after revenue tops estimates

Papa John's International Inc.'s stock $(PZZA)$ rose 2% early Thursday, after the pizza delivery company posted better-than-expected revenue for the third quarter. Louisville, Ky.-based Papa John's had net income of $41.8 million, or $1.27 a share, for the quarter, up from $15.861 million, or 48 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 43 cents, matching the FactSet consensus. Revenue fell to $506.8 million from $522.8 million a year ago, also ahead of the $497.0 million FactSet consensus. Chief Executive Todd Penegor, who took on the role in August, said the revenue beat came in a challenging consumer environment. "I joined Papa Johns because I could see the potential in this company," Penegor said in prepared remarks. "With our leadership team, we continue to evaluate the business and refine our key strategic initiatives." The stock has fallen 23.6% in the year to date, while the S&P500 has gained 24.3%.

-Ciara Linnane

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November 07, 2024 07:20 ET (12:20 GMT)

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Louisville, Ky.-based Papa John's had net income of $41.8 million, or $1.27 a share, for the quarter, up from $15.861 million, or 48 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 43 cents, matching the FactSet consensus. Revenue fell to $506.8 million from $522.8 million a year ago, also ahead of the $497.0 million FactSet consensus. Chief Executive Todd Penegor, who took on the role in August, said the revenue beat came in a challenging consumer environment. \"I joined Papa Johns because I could see the potential in this company,\" Penegor said in prepared remarks. \"With our leadership team, we continue to evaluate the business and refine our key strategic initiatives.\" The stock has fallen 23.6% in the year to date, while the S&amp;P500  has gained 24.3%. \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 07:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Papa John's stock rises after revenue tops estimates</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPapa John's stock rises after revenue tops estimates\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2024-11-07 20:20</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\nMW Papa John's stock rises after revenue tops estimates\n</p>\n<p>\n     Papa John's International Inc.'s stock <a href=\"https://laohu8.com/S/PZZA\">$(PZZA)$</a>  rose 2% early Thursday, after the pizza delivery company posted better-than-expected revenue for the third quarter. Louisville, Ky.-based Papa John's had net income of $41.8 million, or $1.27 a share, for the quarter, up from $15.861 million, or 48 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 43 cents, matching the FactSet consensus. Revenue fell to $506.8 million from $522.8 million a year ago, also ahead of the $497.0 million FactSet consensus. Chief Executive Todd Penegor, who took on the role in August, said the revenue beat came in a challenging consumer environment. \"I joined Papa Johns because I could see the potential in this company,\" Penegor said in prepared remarks. \"With our leadership team, we continue to evaluate the business and refine our key strategic initiatives.\" The stock has fallen 23.6% in the year to date, while the S&amp;P500  has gained 24.3%. \n</p>\n<p>\n     -Ciara Linnane \n</p>\n<p>\n     This content was created by MarketWatch, which is operated by Dow Jones &amp; Co. MarketWatch is published independently from Dow Jones Newswires and The Wall Street Journal. \n</p>\n<pre>\n \n</pre>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  November 07, 2024 07:20 ET (12:20 GMT)\n</p>\n<p>\n  Copyright (c) 2024 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"PZZA","symbol_name":"棒约翰","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2481905378","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2481905378","pubTimestamp":1730982000,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"Papa John's International Inc.'s stock   rose 2% early Thursday, after the pizza delivery company posted better-than-expected revenue for the third quarter. Louisville, Ky.-based Papa John's had net income of $41.8 million, or $1.27 a share, for the quarter, up from $15.861 million, or 48 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 43 cents, matching the FactSet consensus. Revenue fell to $506.8 million from $522.8 million a year ago, also ahead of the $497.0 million FactSet consensus. Chief Executive Todd Penegor, who took on the role in August, said the revenue beat came in a challenging consumer environment. \"I joined Papa Johns because I could see the potential in this company,\" Penegor said in prepared remarks. \"With our leadership team, we continue to evaluate the business and refine our key strategic initiatives.\" The stock has fallen 23.6% in the year to date, while the S&P500  has gained 24.3%.This content was created by MarketWatch, whi","collect":0,"end_time":0,"defaultTopTitle":"","property":["earning"],"viewcount":null,"language":"en","relate_stocks":{"PZZA":"棒约翰"},"translate_title":"收入超出预期后棒约翰股价上涨","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PZZA":1},"content_text":"MW Papa John's stock rises after revenue tops estimates\n\n\n     Papa John's International Inc.'s stock $(PZZA)$  rose 2% early Thursday, after the pizza delivery company posted better-than-expected revenue for the third quarter. Louisville, Ky.-based Papa John's had net income of $41.8 million, or $1.27 a share, for the quarter, up from $15.861 million, or 48 cents a share, in the year-earlier period. Adjusted for one-time items, EPS came to 43 cents, matching the FactSet consensus. Revenue fell to $506.8 million from $522.8 million a year ago, also ahead of the $497.0 million FactSet consensus. Chief Executive Todd Penegor, who took on the role in August, said the revenue beat came in a challenging consumer environment. \"I joined Papa Johns because I could see the potential in this company,\" Penegor said in prepared remarks. \"With our leadership team, we continue to evaluate the business and refine our key strategic initiatives.\" The stock has fallen 23.6% in the year to date, while the S&P500  has gained 24.3%. \n\n\n     -Ciara Linnane \n\n\n     This content was created by MarketWatch, which is operated by Dow Jones & Co. 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