PZZA - Papa John's reports preliminary comp for September and Q3

Papa John’s International (PZZA) expects system-wide North America restaurants comps of 18.4% for September and 23.8% for Q3.System-wide international restaurants comps of 23.3% for the month and 20.6% for the quarter. President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic.” Of the company’s ~2,100 international franchised stores, ~90 are temporarily closed, primarily in Latin America and Europe. In North America, almost all traditional restaurants remain open and fully operational.

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Papa John’s reports preliminary comp for September and Q3