74.19 0.00 (0.00%)
After hours: 4:44PM EDT
|Bid||74.20 x 3000|
|Ask||74.51 x 1200|
|Day's Range||74.02 - 78.37|
|52 Week Range||28.55 - 84.30|
|Beta (5Y Monthly)||0.91|
|PE Ratio (TTM)||2,248.33|
|Earnings Date||Aug 04, 2020 - Aug 10, 2020|
|Forward Dividend & Yield||0.90 (1.16%)|
|Ex-Dividend Date||May 08, 2020|
|1y Target Est||71.08|
As optimism surrounding a coronavirus vaccine and consumer activity begin to pick up, Wall Street is expected to trade higher.
Fast food giant Taco Bell is ramping up hiring and announced today that it will be hiring 30,000 workers this summer.
The probability that U.S. restaurants will default has soared in recent weeks as a result of the devastating COVID-19 pandemic, according to S&P Global Market Intelligence.
Yahoo Finance’s Heidi Chung joins Zack Guzman to discuss how the coronavirus is disrupting restaurants.
Papa John's (PZZA) shares have started gaining and might continue moving higher in the near term, as indicated by solid earnings estimate revisions.
Prime storefronts left empty by failed businesses. As the coronavirus permanently shutters some small businesses, big fast-food brands like Domino's Pizza, Chipotle and Wendy's that were doing well before the crisis want to grow - or continue pre-existing expansion plans - after the pandemic subsides. David Deno, chief executive officer of Outback Steakhouse parent company Bloomin' Brands, told Reuters in an interview that "I don't mean to wish ill on anybody, but there's going to be real estate opportunities," for new stores or relocations to areas with "better visibility, better access and better parking."
States across the U.S. are beginning to reopen parts of their economies, and a surprising number of consumers are willing to visit restaurants as soon as they reopen, according to a new survey by Piper Sandler.
In the month of April, Papa John's saw same-store sales in North America increase by 27%. Papa John's CEO Rob Lynch joins Yahoo Finance to discuss the spike in sales amid the coronavirus pandemic, launch of no contact delivery, the impact of no sports and more.
Global investment firm KKR is leading a $43 million C round of funding for Slice, which provides technology to help users connect with their local pizzerias.
Throughout the coronavirus crisis, stay-at-home Americans have continued to support the makers of alcoholic beverages. Liquor and wine lead the parade, but hard seltzer is coming up fast. As for takeout: pizza rules.
Papa John’s International Inc. says its pizzas and new Papadia flatbreads were flying out of its kitchens during the month of April, driving record sales for the month.
Yahoo Finance speaks with Wingstop CEO Charlie Morrison following a bang up first quarter. Here's what drove some savory sales gains.
Pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA) recorded its best month ever in April, and its momentum is only partly due to COVID-19 headwinds, CEO Rob Lynch said Wednesday on CNBC's "Power Lunch."April Momentum For Papa John's North American comparable sales rose 27% in April as many consumers pivoted toward delivery options. But only 10% of the same-store sales growth is attributed to the pandemic, which implies double-digit growth built "around other things," Lynch said.Most notably, the exec cited menu innovation, partnerships with aggregators and a rewards program -- all of which he said were in place prior to the outbreak and will remain in place moving forward.So long as consumers have health and safety-related concerns, they will gravitate toward restaurants best known for contactless delivery options, the CEO said."We feel very confident that we have the infrastructure in place to deliver long-term, sustainable growth." Papa John's Supply Chain At a time when some restaurant investors are worried over the supply chain for their holdings, Papa John's is unique, as it is completely vertically integrated, which gives it "a lot of control" over its inputs, Lynch said. The pizza chain also started to bolster its supply chain prior to the peak of the pandemic, including stocking up on key ingredients and working with new suppliers, he said.As such, it "absolutely" has enough meat inventory to ensure sufficient inputs for both pizzas and papadias, he said. PPP Update From Papa John's Papa John's corporate head office didn't apply for the government's Paycheck Protection Program as the program is meant for companies in "different circumstances," he said.But the company's franchisees are very much small business owners entitled to "make their own decisions" if they want to take advantage of the loans based on their individual circumstances, Lynch said. The stock was up 2.4% at $78.74 at the time of publication Thursday.Related Links:MKM Has 'More Comfort' In Pizza Chains, Upgrades Papa John'sA Look At Consumer Shopping Priorities During Coronavirus PandemicSee more from Benzinga(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Reporting on its first quarter of 2020 yesterday, Papa John's International (NASDAQ: PZZA) revealed positive growth, earnings per share (EPS), and revenue figures compared to Q1 2019's negative metrics. Analysts had forecast $0.39 EPS for Q1 2020, however. Globally, restaurant sales grew 5.3% in Q1 2020, rather than shrinking 5.5% as it had in 2019.
Papa John's (PZZA) delivered earnings and revenue surprises of -62.50% and -1.68%, respectively, for the quarter ended March 2020. Do the numbers hold clues to what lies ahead for the stock?
Papa John's Inc. said Wednesday it had net income of $8.4 million, or 15 cents a share, in the first quarter, after a loss of $1.7 million, or 12 cents a share, in the year-earlier period. Revenue rose to $409.9 million from $398.4 million. The FactSet consensus was for EPS of 39 cents and revenue of $413 million. The company said the coronavirus pandemic began to impact its operations in January, when restaurants in China and South Korea were temporarily closed. Once the WHO declared a pandemic and countries around the world began restricting movement, there were more closures, followed by changes in consumer behavior and rising unemployment. About 375 of the company's 2,100 international franchised stores are temporarily closed. In North America, most traditional restaurants are open and fully operational, some with delivery only. "Although March sales in North America were negatively impacted by the cancellation of large gatherings, including major sporting events, our domestic businesses have performed well, as customers and communities rely on us and others in the food delivery industry," the company said. "The demand for carry-out and delivery across our markets has increased over the past several weeks." The company is withdrawing 2020 guidance because of the uncertainty. But it has enough cash on hand to fund its operations and has access to $350 million in credit. Shares rose 0.5% premarket and have gained 21% in the year to date, while the S&P 500 has fallen 11%.
Papa John’s International, Inc. (NASDAQ: PZZA) today announced financial results for the first quarter ended March 29, 2020. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic.