Papa John's International
The 10-second takeaway
For the quarter ended March 31 (Q1), Papa John's International met expectations on revenues and beat expectations on earnings per share.
Compared to the prior-year quarter, revenue grew. GAAP earnings per share grew significantly.
Margins grew across the board.
Papa John's International reported revenue of $355.6 million. The five analysts polled by S&P Capital IQ predicted net sales of $360.0 million on the same basis. GAAP reported sales were 7.3% higher than the prior-year quarter's $331.3 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 $0.85. The five earnings estimates compiled by S&P Capital IQ predicted $0.81 per share. GAAP EPS of $0.85 for Q1 were 23% higher than the prior-year quarter's $0.69 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 46.3%, much better than the prior-year quarter. Operating margin was 8.3%, 10 basis points better than the prior-year quarter. Net margin was 5.4%, 30 basis points better than the prior-year quarter. (Margins calculated in GAAP terms.)
Next quarter's average estimate for revenue is $343.6 million. On the bottom line, the average EPS estimate is $0.70.
Next year's average estimate for revenue is $1.42 billion. The average EPS estimate is $2.96.
The stock has a two-star rating (out of five) at Motley Fool CAPS, with 200 members out of 245 rating the stock outperform, and 45 members rating it underperform. Among 90 CAPS All-Star picks (recommendations by the highest-ranked CAPS members), 75 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 $59.20.
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