2024-01-25 07:42:58 ET
Summary
- Papa John's plans to double commissary margins over the next 4 years, which will have a positive impact on operating income growth.
- The company has been successful in keeping prices competitive and experiencing decent growth, but adjusted operating income remains flattish and sales too.
- Despite the commissary margin increases and the meaningful impact they will have on operating profit growth, the current valuation is already quite steep.
...
Read the full article on Seeking Alpha
For further details see:
Papa John's: Looking To Grow Margins In Commissaries