Earnings

Papa John’s (PZZA) Q4 2020 earnings fall short of expectations

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Signage outside a Papa John’s International pizza restaurant in Louisville, Kentucky, on Monday, Feb. 22, 2021.

Luke Sharrett | Bloomberg | Getty Images

Papa John’s on Thursday reported quarterly earnings that missed estimates as higher food costs, a new corporate office and employee bonuses weighed on profits despite high demand for its pizza during the pandemic.

The company’s stock fell more than 7% in premarket trading.

Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 40 cents adjusted vs. 46 cents expected
  • Revenue: $469.8 million vs. $467.9 million expected

The pizza chain reported fiscal…



Source cnbc.com

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