Papa John's International Q1 2024 Adj EPS $0.67 Beats $0.57 Estimate, Sales $513.916M Miss $544.446M Estimate
Portfolio Pulse from Benzinga Newsdesk
Papa John's International (NASDAQ:PZZA) reported Q1 2024 adjusted EPS of $0.67, surpassing the $0.57 estimate, but missed sales estimates with $513.916M against the expected $544.446M. This represents a slight decrease in both earnings and sales from the previous year.
May 09, 2024 | 11:04 am
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Papa John's Q1 2024 earnings beat EPS estimates but missed on sales, indicating mixed financial health.
The beat on EPS estimates could be seen positively by investors, indicating operational efficiency or cost management. However, the miss on sales estimates could raise concerns about growth or market share, potentially offsetting the positive EPS impact. The slight decrease in both earnings and sales from the previous year further complicates the outlook, suggesting a neutral short-term impact on the stock price.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100