Louisville / KY. (pj) Papa John’s International Inc., one of the world’s largest pizza delivery companies, announced financial results for the three and nine months ended September 29, 2019. Highlights:
- Third quarter 2019 loss per diluted share of (USD 0.10) as compared to third quarter 2018 loss per diluted share of (USD 0.42)
- Excluding Special items, adjusted earnings per diluted share of USD 0.21 compared to USD 0.19 for the third quarter of 2018
- Third quarter system-wide North America comparable sales increase of 1.0 percent
- Third quarter international comparable sales increase of 1.6 percent; international franchise sales increase of 10.1 percent, excluding the impact of foreign currency
- Refranchised 44 restaurants in the third and fourth quarters
- 2019 outlook revised for comparable sales and net global unit development
President and CEO Rob Lynch said, «We are very pleased to have positive comparable sales in North America for the first time in two years. I have spent a large part of my first two months meeting with our franchisees, team members, and other key stakeholders. We are all focused on the right things – reinforcing the quality of our food, improving our unit economics, and promoting a company culture that sets us up to win for years to come. While there is much work to do, we have put in place a clear strategic roadmap to align the interests of our customers, employees, franchisees, and shareholders. Our strategic priorities will guide our path to a brighter future.»
For additional information please read Papa John’s PDF file below (271 KB):
20191107-PJ-Q3-2019.