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What: Shares of pizza peddler Papa John's
So what: Papa John's third-quarter revenue came in at a fresh $305.7 million, up 12% from last year and above the $293.9 million that Wall Street was expecting. The company baked that up with $0.44 in earnings per share, 47% above last year's result and easily ahead of analysts' $0.41 estimate. During the quarter, systemwide comparable-store sales were up 5.3% for North America and 4.7% internationally.
Now what: You want toppings with that? Of course you do. So how about this: The company also bumped up its outlook for the full year. Papa John's now expects 2011 earnings per share to come in between $2.08 and $2.15 versus its previous guidance range of $2.02 to $2.12. North American comparable-store sales are seen growing 3% to 4%, up from the previous expectation of 2% to 3% growth. All in all, it was a good day for Papa John's investors.
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Fool contributor Matt Koppenheffer has nofinancial interest in any of the companies mentioned. You can check out what Matt is keeping an eye on by visiting his CAPS portfolio, or you can follow Matt on Twitter, @KoppTheFool, or on Facebook. The Fool's disclosure policy prefers dividends over a sharp stick in the eye.