Papa John's earnings miss, weighed down by higher costs, but chain sees strong pizza demand

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Demand for Papa John's pizza has remained high during the pandemic. CEO Rob Lynch joins katerogers to discuss what's ahead for the company — from new innovations to international growth.

Papa John's fell short of Wall Street's earnings estimates, but demand for its pizza remains high during the coronavirus pandemic.Employee bonuses and higher commodity costs weighed on its profits in the latest period.

The pizza chain reported fiscal fourth-quarter net income of $13.2 million, or 28 cents per share, up from a net loss of $2.1 million, or 18 cents per share, a year earlier. Excluding reorganization costs, Papa John's earned 40 cents per share, missing the 46 cents per share expected by analysts surveyed by Refinitiv.rose 12.5% to $469.8 million, beating expectations of $467.9 million. Worldwide, its same-store sales surged 15.5% in the quarter.

 

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katerogers I did nazi that coming.

katerogers The world doesn’t need more innovative pizza

katerogers gopapajohns

katerogers Fuck Papa Johns, buy Donatos or buy local!!

katerogers DEEP PAN IF YOU PLEASE!!!!

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