Papa John's International Q4 Adj. EPS $0.91 Beats $0.72 Estimate, Sales $571.32M Miss $577.86M Estimate
Portfolio Pulse from Benzinga Newsdesk
Papa John's International (PZZA) reported Q4 adjusted EPS of $0.91, surpassing the $0.72 estimate, marking a 26.39% beat and a 28.17% increase from last year's $0.71. However, their Q4 sales of $571.32M fell short of the $577.86M estimate by 1.13%, though it's an 8.57% increase from the previous year's $526.23M.
February 29, 2024 | 12:01 pm
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Papa John's International reported a strong Q4 adjusted EPS of $0.91, beating estimates, but missed on sales with $571.32M against a $577.86M forecast.
The significant beat on the EPS estimate and the year-over-year growth in earnings suggest a strong operational performance, likely to positively impact investor sentiment and PZZA's stock price in the short term. The slight miss on sales estimates may temper some of the positive momentum, but the overall positive earnings report and year-over-year sales growth are expected to have a more substantial positive effect.
CONFIDENCE 95
IMPORTANCE 90
RELEVANCE 100