Papa John’s said Wednesday that May estimated same-store sales shot up 33.5% in North America and 7% globally as the pizza chain worked to meet soaring demand during the coronavirus crisis.
“In May, for the second straight month, Papa John’s team members and franchisees delivered the best sales period in the company’s history,” CEO Rob Lynch said in a press release.
Shares of Papa John’s gained about 7% in Wednesday’s premarket, one day after closing 4.5% lower to over $74 each. The stock hit a 52-week high of $84 last week. Papa John’s, based on Tuesday’s close, was up almost 17.5% year-to-date compared to the S&P 500‘s decline of 7.4% in 2020.
In April, preliminary estimated same-store…