Papa John's International Third Quarter 2024 Earnings: Beats Expectations

Papa John's International (NASDAQ:PZZA) Third Quarter 2024 Results

Key Financial Results

• Revenue: US$506.8m (down 3.1% from 3Q 2023).
• Net income: US$41.8m (up 164% from 3Q 2023).
• Profit margin: 8.2% (up from 3.0% in 3Q 2023). The increase in margin was driven by lower expenses.
• EPS: US$1.28 (up from US$0.49 in 3Q 2023).

All figures shown in the chart above are for the trailing 12 month (TTM) period

Papa John's International Revenues and Earnings Beat Expectations

Revenue exceeded analyst estimates by 1.6%. Earnings per share (EPS) also surpassed analyst estimates by 189%.

Looking ahead, revenue is forecast to grow 3.6% p.a. on average during the next 3 years, compared to a 9.7% growth forecast for the Hospitality industry in the US.

Performance of the American Hospitality industry.

The company's share price is broadly unchanged from a week ago.

Risk Analysis

You should learn about the 2 warning signs we've spotted with Papa John's International (including 1 which can't be ignored).

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