PZZA - Papa John's Q1 Was Profitable This Year But Not as Much as Analysts Expected
Reporting on its first quarter of 2020 yesterday, Papa John's International (NASDAQ: PZZA) revealed positive growth, earnings per share (EPS), and revenue figures compared to Q1 2019's negative metrics. However, with the economic damage imposed on the U.S. economy in general and the restaurant industry in particular in March, its performance fell short of consensus analyst estimates.
The pizza chain outdid its previous-year quarterly results with diluted $0.15 EPS, compared to 2019's negative $0.12 EPS, reflecting net income of $8.4 million this year and a net loss of $1.7 million last year. Analysts had forecast $0.39 EPS for Q1 2020, however. Instead of the expected $413 million in total revenue, the company delivered $409.8 million.
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