Papa John's International
The 10-second takeaway
For the quarter ended Sep. 23 (Q3), Papa John's International met expectations on revenues and met expectations on earnings per share.
Compared to the prior-year quarter, revenue expanded and GAAP earnings per share increased significantly.
Margins grew across the board.
Papa John's International logged revenue of $325.5 million. The four analysts polled by S&P Capital IQ expected a top line of $324.0 million on the same basis. GAAP reported sales were 6.5% higher than the prior-year quarter's $305.7 million.
Source: S&P Capital IQ. Quarterly periods. Dollar amounts in millions. Non-GAAP figures may vary to maintain comparability with estimates.
EPS came in at $0.55. The four earnings estimates compiled by S&P Capital IQ predicted $0.55 per share. GAAP EPS of $0.55 for Q3 were 25% higher than the prior-year quarter's $0.44 per share.
Source: S&P Capital IQ. Quarterly periods. Non-GAAP figures may vary to maintain comparability with estimates.
For the quarter, gross margin was 29.7%, 50 basis points better than the prior-year quarter. Operating margin was 6.5%, 100 basis points better than the prior-year quarter. Net margin was 4.0%, 40 basis points better than the prior-year quarter.
Next quarter's average estimate for revenue is $349.0 million. On the bottom line, the average EPS estimate is $0.75.
Next year's average estimate for revenue is $1.32 billion. The average EPS estimate is $2.59.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 190 members out of 233 rating the stock outperform, and 43 members rating it underperform. Among 78 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 63 give Papa John's International a green thumbs-up, and 15 give it a red thumbs-down.
Of Wall Street recommendations tracked by S&P Capital IQ, the average opinion on Papa John's International is hold, with an average price target of $55.50.
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