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Papa John's Q1 Sales Slump But Beats On Bottom Line With Strategic Cost Management
Papa John’s International, Inc. (NASDAQ:PZZA) reported a first-quarter fiscal 2024 decline of 2.5% year-over-year to $513.92 million, missing the consensus of $544.45 million.
The company reported first-quarter adjusted earnings per share of 67 cents, beating the street view of 57 cents.
North America comparable sales were down 2%, and International comparable sales were down 3% YoY. In the quarter under review, the firm witnessed 8 net unit ...