Papa John's shares fall after earnings miss expectations

Papa John's International Inc. /zigman2/quotes/207343722/composite PZZA +1.90% shares fell 7.5% in Thursday premarket trading after the pizza delivery company reported fourth-quarter earnings that missed expectations. Net income totaled $9.3 million, or 28 cents per share, after a loss of $5.6 million, or 18 cents per share, last year. Adjusted EPS of 40 cents missed the FactSet consensus for 48 cents. Revenue totaled $469.8 million, up from $417.5 million and ahead of the FactSet consensus for $469.0 million. North American comparable sales rose 13.5%, ahead of the FactSet consensus for 9.5% growth. International comparable sales were up 21.4%, well ahead of the FactSet consensus for 9.7% growth. The company invested $2.7 million in end-of-year bonuses for workers. Due to ongoing uncertainty, the company did not offer 2021 guidance. Papa John's stock has rallied 52.4% over the past year while the benchmark S&P 500 index /zigman2/quotes/210599714/realtime SPX +0.33% is up 25.5% for the period.

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Papa John's International Inc.

US : U.S.: Nasdaq

$ 95.60

+1.78 +1.90%

Volume: 417,735

April 13, 2021 4:00p

P/E Ratio

75.55

Dividend Yield

0.94%

Market Cap

$3.09 billion

Rev. per Employee

$108,577

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S&P 500 Index

US : S&P US

4,141.59

+13.60 +0.33%

Volume: 2.06B

April 13, 2021 5:15p