Papa John’s 1Q18 Earnings Didn’t Meet Analysts’ Expectations
In 1Q18, Papa John’s (PZZA) posted an adjusted EPS (earnings per share) of $0.50—a fall of 35.1% from $0.77 in 1Q17. The company fell short of analysts’ EPS estimate of $0.62. The lower revenue and EBIT margin offset the positive effects of the lower effective tax rate and share repurchases, which caused the decline in Papa John’s 1Q18 EPS.