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DUBAI - Papa Johns (NASDAQ:PZZA), the $1.6 billion market cap pizza chain whose stock has surged nearly 9% in the past week, has introduced its new Croissant Pizza, featuring a buttery braided crust designed to combine the flaky texture of a croissant with traditional pizza toppings, according to a company press release. According to InvestingPro data, the stock is currently showing signs of being overbought.
The new product launched Tuesday in the UAE and will roll out across nine markets globally, including Korea, China, Chile, and Peru for a limited time.
The pizza chain has partnered with fashion designer Colm Dillane, founder of KidSuper, to create a limited-edition delivery hot bag inspired by the new product. Select customers who order the Croissant Pizza may receive their delivery in this exclusive bag, which they can keep.
"After a year in development, we’re proud to unite two beloved icons into one craveable, delicious product that brings something fresh and exciting to the QSR category," said Chris Lyn-Sue, SVP Managing Director of International at Papa Johns.
The special-edition hot bag will make its debut at Paris Fashion Week Men’s Spring/Summer 2026 as part of the KidSuper show.
Papa Johns developed the product after research indicated consumer interest in croissant-inspired food innovations, following trends like the "cronut" and "crookie." The company describes the new offering as having a "crisp, light and layered bite through a buttery braided, flaky crust" that customers can customize with their choice of toppings.
The pizza chain operates more than 6,000 restaurants in approximately 50 countries worldwide. While maintaining a robust 3.64% dividend yield, the company’s financial metrics suggest interesting investment opportunities. For detailed analysis and more exclusive insights, including 10+ additional ProTips, check out the comprehensive research report available on InvestingPro.
In other recent news, Papa John’s International Inc. reported its first-quarter earnings for 2025, revealing a revenue of $518.3 million, which exceeded forecasts of $512.44 million. However, the company’s earnings per share (EPS) fell short at $0.36, below the anticipated $0.39. Despite the mixed results, the stock showed a positive premarket reaction, indicating investor optimism. Stifel analysts maintained a Hold rating on Papa John’s stock with a $38.00 price target, noting a revision in their EPS forecast for the fiscal year 2025 due to expected increases in general and administrative expenses and a higher tax rate.
Conversely, Benchmark analyst Todd Brooks reaffirmed a Buy rating with a $50.00 price target, highlighting the company’s strategic initiatives that have led to sequential improvements in sales and transactions. Papa John’s experienced a 2.7% decline in North American comparable sales for the first quarter, but saw an improvement in sales trends as the quarter progressed. Additionally, the company announced the promotion of Caroline Miller Oyler to Chief Administrative Officer, a move aimed at streamlining business support functions to foster efficiency and collaboration.
Papa John’s remains optimistic about its performance for the remainder of the year, projecting flat to 2% growth in full-year North American comparable sales. The company plans to invest an additional $25 million in marketing and aims to open 85-115 new North American restaurants in 2025. These developments reflect Papa John’s strategic focus on growth and operational improvements amidst a competitive market environment.
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