Papa John's International Q4 Comp Sales Growth +0.1%, Global System-wide Restaurant Sales Growth +11%
Portfolio Pulse from Benzinga Newsdesk
Papa John's International reported a slight increase in Q4 comparable sales growth by 0.1%, with a notable 11% rise in global system-wide restaurant sales growth. The report highlights a mixed performance across different segments, with domestic company-owned restaurants showing a 2.2% increase in comparable sales and international restaurants experiencing a 5.5% decline. The year-end figures also reflect a varied performance, with a slight overall decline in comparable sales but a significant improvement in system-wide sales growth.
February 29, 2024 | 12:03 pm
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Papa John's Q4 earnings report shows a modest increase in comparable sales and a significant rise in global system-wide sales, indicating a mixed but overall positive performance.
The slight increase in comparable sales combined with a significant rise in global system-wide sales growth suggests a positive outlook for Papa John's. Despite the decline in international restaurant sales, the overall growth in system-wide sales is likely to be viewed positively by investors, potentially leading to a short-term positive impact on PZZA's stock price.
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