Earnings

Papa John’s sales up 33.5% in May, another monthly record

0


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…



Source cnbc.com

New leases plunge 62% in May

Previous article

Dow futures rise as Wall Street tries to recover from its worst day since March

Next article

You may also like

Leave a Reply

avatar
  Subscribe  
Notify of

More in Earnings