Papa John’s Pizza International is tumbling on Wednesday after the company reported fourth-quarter earnings on Tuesday afternoon.
The American pizza company announced fourth-quarter earnings that increased from last year and beat analysts expectations, however, same-store sales growth fell short.
Here are the numbers:
- Earnings: $US0.88 a share versus $US0.66 expected.
- Revenue: $US439.62 million versus $US447.4 million expected.
- North American same-store sales growth: Up 3.8% versus up 5.9% expected.
Looking ahead, Papa John’s sees comparable sales growth of 2% to 4% in the U.S. and 4% to 6% internationally in 2017.