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News Breaks
February 26, 2013
19:52 EDTPZZAPapa John's shares lower after restating earnings, missing Q4 EPS estimates
Shares of Papa John's (PZZA) are lower in the after hours after the company disclosed that it would restate its financial results for FY09, FY10, and FY11, in addition to restating the first three quarters of FY12. The restatement of these earnings comes after the board's audit committee reassessed the accounting of the company's joint venture agreements, which also resulted in Papa John's taking a $3.7M. Additionally, Papa John's announced its Q4 earnings, reporting adjusted EPS of 62c against estimates for 76c. The company also boosted its share repurchase authorization by $50M. Shares of Papa John's, which resumed trading at 7:00 pm ET after being halted ahead of the company disclosing its earnings restatements, are down $3.90, or 6.88%, to $52.75.
News For PZZA From The Last 14 Days
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October 16, 2014
13:40 EDTPZZANY AG sues Papa John's franchise for underpaying over 400 workers
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October 14, 2014
11:21 EDTPZZADomino's Pizza rises after Q3 profits benefit from high cheese costs
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09:37 EDTPZZADomino's Pizza sees potential for additional 3.8K stores in top 15 markets
Says has 'robust' international business. Says its store count growing faster internationally than Pizza Hut or Papa Johns (PZZA). Pizza Hut is owned by Yum! Brands (YUM). Says now offering voice ordering for Apple's (AAPL) iPhone and Google's (GOOG) Android operating systems. Says in terms of the franchise's long-range outlook, sees global net units to increase 4%-6%, sees domestic SSS to increase 2%-4%, sees international SSS to increase 3%-6% and sees global retail sales to increase 6%-10%. Comments taken from the company's Q3 earnings conference call slide presentation.

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