Papa Murphy's (NASDAQ: FRSH) reported Q2 EPS of $0.09, in-line with the analyst estimate of $0.09. Revenue for the quarter came in at $29.1 million versus the consensus estimate of $28.72 million. Domestic system comparable store sales increased 4.5%, including increases of 4.9% at company-owned stores and 4.5% at domestic franchisee-owned stores.

Ken Calwell, President and Chief Executive Officer of Papa Murphy's Holdings, Inc., stated, "We are pleased with our second quarter results, which demonstrate the continued strength of our operating momentum. Driving this top and bottom line growth, was our 18th consecutive quarter of comparable store sales increases, the opening of 20 new Papa Murphy's locations system-wide, including six Company-owned stores in the U.S., as well as our continued focus on execution and improving operations. The consistency of our results adds to our confidence that we can more than triple our current store count."

Calwell added, "We are also excited to announce our selection of Deloitte Digital to help us take our customer facing e-commerce platform to a higher level and accelerate the major growth potential of online ordering and precision marketing. Along with development, online ordering and precision marketing are the cornerstones of our growth strategy. We continue to make progress on the roll out of POS and online ordering capabilities, which are now in approximately 1,100 and 750 stores, respectively, as we lay the foundation for precision marketing. We see enormous value in this digital strategy, which should yield significant sales growth and margin expansion in the years ahead, as we continue to bring families together with America's best tasting pizza."

2015 Financial Outlook

Based on current information, Papa Murphy's Holdings, Inc. is providing the following update to its full-year guidance for fiscal year 2015, which ends on December 28, 2015:

• Domestic system-wide comparable store sales growth of at least 3.0%;
• Total system-wide sales of approximately $900 million to $920 million;
• 110 to 115 new domestic store openings, including 15 to 20 new company-owned stores (previously 10 to 15 new company-owned stores);
• Selling, general and administrative expenses ranging from $28.0 million to $30.0 million with Q3 spend being higher than Q4 due to the timing of certain marketing expenditures;
• Depreciation and Amortization expense in the range of $10 million to $12 million;
• Capital expenditures of approximately $23.0 million to $25.0 million (previously $17.0 million to $21.0 million); and
• Diluted share count of approximately 17.0 million shares in Q3 and Q4 of 2015, respectively.

For earnings history and earnings-related data on Papa Murphy's (FRSH) click here.