Papa John’s 1Q18 Revenue: Lower than the Expectations
The decline in the company’s SSSG (same-store sales growth) in North America caused the revenue to fall. The Domestic Company-Owned Restaurants segment posted revenue of $190.24—a fall of 8.1% from $206.9 million in 1Q17. The decline was due to a fall of 5.6% in commissaries’ sales due to the lower SSSG.