Papa John's Results Miss Estimates, Lifts FY Guidance; Stock Down 5%

(RTTNews) - Pizza chain Papa John's International Inc (PZZA) on Tuesday reported second-quarter net earnings of $10.8 million or $0.27 per share compared with $16.6 million or $0.40 per share last year.

Excluding items, adjusted earnings for the quarter were $0.47 per share.

Revenues for the quarter were up 4.8% at $399 million compared with $380.9 million in the prior year.

Analysts polled by Thomson Reuters estimated earnings of $0.49 per share on revenues of $403.6 million for the quarter. Analysts' estimates typically exclude special items.

System-wide comparable sales increased 5.5 % in North America and 6.8% internationally, the company said.

For the full year 2015, the company now expects earnings of $2.04 to $2.10 per share, an increase from prior guidance of $2.00 to $2.08 per share. Analysts expect earnings of $2.07 per share.

The company now expects 2015 international comparable sales to grow 6% to 8%, from prior guidance of 5% to 7% growth.