Louisville / KY. (pj) Papa John’s International Inc., one of the world’s largest pizza delivery companies, announced financial results for the three and six months ended June 30, 2019. Highlights:
- Second quarter 2019 earnings per diluted share of USD 0.15
- Excluding Special items, adjusted earnings per diluted share of USD 0.28 compared to USD 0.48 for the second quarter of 2018
- Second quarter system-wide North America comparable sales decrease of 5.7 percent
- Second quarter international comparable sales increase of 0.3 percent; international franchise sales increase of 9.6 percent, excluding the impact of foreign currency
- 2019 outlook updated for investments in marketing and support for the domestic franchise system; diluted EPS outlook of (USD 0.40) to (USD 0.10) and no change to adjusted diluted EPS of USD 1.00 to USD 1.20
President and CEO Steve Ritchie said, «Papa John’s made strong progress in the key pillars of its strategy in the second quarter, recording another sequential improvement in comparable sales. In addition to adding a highly experienced chief restaurant operations officer, we announced a significant, multi-quarter investment in the brand and our franchise system from Starboard’s investment earlier this year. The table is now set as we begin rolling out our new marketing campaigns and menu items in the second half of the year.»
For additional information please read Papa John’s PDF file below (145 KB):
20190807-PJ-Q2-2019.