Earnings

Papa John’s (PZZA) Q3 2019 earnings fall short, but revenue beats

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Papa John’s International Inc. signage is displayed on top of a delivery vehicle outside of the company’s restaurant in Nashville, Tennessee.

Luke Sharrett | Bloomberg | Getty Images

Papa John’s stock jumped more than 3% in premarket trading Wednesday after the pizza chain announced an executive reshuffle and reported quarterly revenue that topped Wall Street’s estimates.

Same-store sales in North America turned positive for the first time in two years, growing by 1%.

Shares of the pizza chain, which has a market value of $1.8 billion, were up 43% this year, as of Tuesday’s close.

Chief Financial Officer Joe Smith will leave the company in 2020 after nearly 20 years at the company. He will…



Source cnbc.com

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