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Papa John’s International, Inc. PZZA, -0.12% today announced financial results for the three and nine months ended September 29, 2019.
Highlights Third quarter 2019 loss per diluted share of ($0.10) as compared to third quarter 2018 loss per diluted share of ($0.42)
Excluding Special items, adjusted earnings per diluted share of $0.21 compared to $0.19 for the third quarter of 2018
Third quarter system-wide North America comparable sales increase of 1.0%
Third quarter international comparable sales increase of 1.6%; international franchise sales increase of 10.1%, excluding the impact of foreign currency
Refranchised 44 restaurants in the third and fourth quarters
2019 outlook revised for comparable sales and net global unit development Rob Lynch, President & CEO said, “We are very pleased to have positive comparable sales in North America for the first time in two years. I have spent a large part of my first two months meeting with our franchisees, team members, and other key stakeholders. We are all focused on the right things – reinforcing the quality of our food, improving our unit economics, and promoting a company culture that sets us up to win for years to come. While there is much work to do, we have put in place a clear strategic roadmap to align the interests of our customers, employees, franchisees, and shareholders. Our strategic priorities will guide our path to a brighter future.” Global Restaurant and Comparable Sales Information Global restaurant and comparable sales information and operating […]