Papa John's Int'l (PZZA) Misses Q1 EPS by 1c; Reaffirms

Papa John's Int'l (NASDAQ: PZZA) reported Q1 EPS of $0.45, $0.01 worse than the analyst estimate of $0.46. Revenue for the quarter came in at $401.4 million versus the consensus estimate of $384.9 million. System-wide comparable sales increases of 9.6% for North America and 6.4% for international.

“I’d like to congratulate our operators on delivering another excellent quarter, especially considering the commodity headwinds we’ve seen thus far in 2014,” said Papa John’s founder, chairman and CEO, John Schnatter. “I’m extremely confident that we will continue to drive the business forward globally by building on the quality advantages we have established over the past 30 years. We will also continue to capitalize on digital expertise, with our industry-leading digital sales mix approaching 50% of total sales and almost 60% of all delivery sales.”

The company is reaffirming all 2014 guidance.

First quarter 2014 revenues were $401.4 million, a 12.9% increase from first quar

For earnings history and earnings-related data on Papa John's Int'l (PZZA) click here.

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