Papa John's stock gains 5% after pizza chain's Q1 tops views
Papa John's International Inc. shares rose 5% in the extended session Tuesday after the pizza chain reported adjusted first-quarter profit and sales above Wall Street expectations. Papa John's said it lost $3.8 million, or 12 cents a share, in the quarter, versus earnings of $17 million, or 52 cents a share, in the year-ago quarter. Adjusted for one-time items, the company earned 31 cents a share, compared with 52 cents a share a year ago. Revenue fell to $398 million from $450 million a year ago. Analysts expected adjusted earnings of 24 cents on sales of $377 million for the quarter.
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