Papa John's International, Inc. (PZZA) reported second quarter adjusted earnings per share of $0.48 compared to $0.16, previous year. Consolidated revenues increased 15.3% to $460.62 million. Excluding the impact of refranchising 46 domestic restaurants and a quality control center in Mexico in 2019, consolidated revenues were up approximately 18.3%.

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RTTNews | Aug 6, 2020 09:05AM EDT

09:04 Thursday, August 6, 2020 (RTTNews.com) - Papa John's International, Inc. (PZZA) reported second quarter adjusted earnings per share of $0.48 compared to $0.16, previous year. Consolidated revenues increased 15.3% to $460.62 million. Excluding the impact of refranchising 46 domestic restaurants and a quality control center in Mexico in 2019, consolidated revenues were up approximately 18.3%.

For the second quarter, the company recorded system-wide North America comparable sales increase of 28.0%. International comparable sales were up 5.3%. Excluding temporary closures related to COVID-19, international comparable sales rose 13.3%.

The company preliminary estimated July comparable sales increases of 30.3% for North America and 13.9% for international.

Read the original article on RTTNews ( https://www.rttnews.com/3119209/papa-john-s-q2-adj-profit-rises-revenues-up-15-3.aspx)

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