JFrog stock rises as Cantor Fitzgerald maintains Overweight rating after strong Q2
LOUISVILLE - Papa John’s International, Inc. (NASDAQ:PZZA) reported first quarter earnings on Thursday that fell short of analyst expectations, while revenue surpassed estimates.
The pizza chain’s stock edged up 1.8% following the announcement.
Papa John’s posted adjusted earnings per share of $0.36, missing the analyst consensus of $0.39 by $0.03. Revenue for the quarter came in at $518.3 million, beating the estimate of $512.44 million.
Global system-wide restaurant sales increased 1% YoY to $1.22 billion.
North America comparable sales declined 3% from the prior year quarter, with company-owned restaurants down 5% and franchised locations down 2%. International comparable sales rose 3% YoY.
The company opened 47 new restaurants systemwide during the quarter.
"First quarter results were in line with our expectations, and we are confident we have the right team and strategy to grow restaurant sales, generate sustainable profits throughout the system, and build long-term value for all of our stakeholders," said Todd Penegor, President and CEO.
Papa John’s reiterated its 2025 annual guidance, projecting system-wide sales growth of 2% to 5% and North America comparable sales to be flat to up 2%.
The company expects adjusted EBITDA between $200 million and $220 million for the year.
The slight stock increase suggests investors are cautiously optimistic about Papa John’s performance and outlook despite the earnings miss.
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