Papa John’s Announces Third Quarter 2020 Financial Results and New $75 Million Share Repurchase Program
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Papa John's (PZZA) Tops Q3 EPS by 3c, Revenues Beat; Announces $75M Share Buyback
November 5, 2020 7:31 AM ESTPapa John's (NASDAQ: PZZA) reported Q3 EPS of $0.35, $0.03 better than the analyst estimate of $0.32. Revenue for the quarter came in at $472.94 million versus the consensus estimate of $466.15 million.
Highlights
Company revenues increased 17.1% compared to third quarter of 2019Comparable sales increased 23.8% in North America and 20.7% Internationally in the third quarterEarnings per diluted share increased to $0.35 compared to third quarter 2019 loss per diluted share of ($0.10)Cash flow from operations of $168.5 million and free cash flow of $134.0 million for the first nine months of 2020Previously announced temporary franchise... More