Down 32% in 2017, What Comes Next for Papa John's?
Investors did not take kindly to the disappointing third quarter earnings from Papa John's International (NASDAQ: PZZA). Diluted earnings per share came in at $0.60, a 5.3% year-over-year increase, on the back of 2.2% revenue growth to $431.7 million. But the most worrisome metric was the paltry 1% North American comparable-store sales increase, which fell short of analyst expectations. To make matters worse, full-year comps guidance was lowered from a range of a 2% to 4% growth to just 1.5%, while diluted EPS growth was lowered from 8% to 12% to 3% to 7%.
With the third quarter in the bag and Papa John's stock down over 30% year to date, here's what investors should keep in mind as management attempts to right the ship.
Image source: Getty Images.
Source: Fool.com
Papa John's International Inc. Stock
With 25 Buy predictions and 1 Sell predictions Papa John's International Inc. is one of the favorites of our community.
With a target price of 69 € there is a hugely positive potential of 58.26% for Papa John's International Inc. compared to the current price of 43.6 €.
