Papa Murphy's (NASDAQ: FRSH) reported Q1 EPS of ($0.32), $0.25 worse than the analyst estimate of ($0.07). Revenue for the quarter came in at $32 million versus the consensus estimate of $35.21 million.

Based on current information, Papa Murphy’s Holdings, Inc. is providing the following guidance for the second quarter of 2017, which ends on July 3, 2017, and full-year outlook for fiscal 2017, which ends on January 1, 2018:

• Second quarter domestic system-wide comparable store sales decline in the low-to-mid single digits, compared to the second quarter of 2016;
• Full-year domestic system-wide comparable store sales growth in the range of -2% to flat, compared to previous guidance of flat to +2%;
• Full-year domestic franchise new store openings of between 60 and 75 units, compared to previous guidance of around 75 units;
• Full-year refranchising of at least 15 company-owned units;
• Full-year selling, general and administrative expenses of approximately $28 million, including one-time severance and restructuring costs estimated at $2.6 million, compared to previous guidance of approximately $30 million, including approximately $2.6 million related to one-time severance and restructuring;
• Full year EBITDA, excluding one-time severance and restructuring costs, of at least $24 million, consistent with previous guidance;
• Full year Capex, net of cash proceeds from refranchising, in the range of $3 million to $4 million, compared to previous guidance of $5 million to $7 million;
• Cash Flow from Operations less Capex, net of cash proceeds from refranchising, of at least $15 million, compared to previous guidance of at least $13 million;
• Full-year effective book tax rate of approximately 43.8%, compared to previous guidance of approximately 41.7%; and
• Diluted share-count of approximately 16.8 million.

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