Papa John's International Q2 EPS $0.59, Inline, Sales $515.00M Miss $530.10M Estimate
Portfolio Pulse from Benzinga Newsdesk
Papa John's International reported Q2 earnings of $0.59 per share, in line with analyst consensus. However, the company's quarterly sales of $515.00 million missed the analyst consensus estimate of $530.10 million by 2.85 percent. This represents a 20.27 percent decrease in earnings and a 1.47 percent decrease in sales compared to the same period last year.
August 04, 2023 | 12:54 pm
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NEGATIVE IMPACT
Papa John's Q2 earnings met expectations but sales missed estimates, indicating potential challenges in revenue growth.
The company's earnings were in line with expectations, which is a positive sign. However, the missed sales estimate and the YoY decrease in both earnings and sales could indicate potential challenges in the company's revenue growth, which could negatively impact the stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100