Stock Monitor: Papa Murphy's Post Earnings Reporting

LONDON, UK / ACCESSWIRE / December 08, 2017 / Active-Investors free earnings report on Papa John's International, Inc. (NASDAQ: PZZA) ("Papa John's") has freshly been issued to its members, and you can also sign up to view this report at www.active-investors.com/registration-sg/?symbol=PZZA. The Company posted its financial results on October 31, 2017, for the third quarter of the fiscal year 2017. The American restaurant franchise Company's revenue and EPS surpassed analysts' expectations. Register today and get free access to our complimentary member's area where many more reports are available:

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Active-Investors.com is currently working on the research report for Papa Murphy's Holdings, Inc. (NASDAQ: FRSH), which also belongs to the Services sector as the Company Papa John's Intl. Do not miss out and become a member today for free to access this upcoming report at:

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Active-Investors.com is focused on giving you timely information and the inside line on companies that matter to you. This morning, Papa John's International most recent news is on our radar and we have decided to include it on our blog post. Today's free coverage is available at:

www.active-investors.com/registration-sg/?symbol=PZZA

Earnings Highlights and Summary

For the three months ended September 24, 2017, Papa John's total revenues increased 2.2% to $431.71 million from $422.44 million in Q3 FY16. The Company's total revenue surpassed analysts' expectations of $426.7 million.

For the reported quarter, the Company's global restaurant sales growth was 4.4% compared to 7.6% in the third quarter of 2016.

For the reported quarter, Papa John's Domestic Company-Owned Restaurants' comparable sales growth was 1.7% compared to 6.5% in Q3 FY16. For the reported quarter, the Company's North America Franchised Restaurants' comparable sales growth was 0.7% compared to 5.1% in Q3 FY16. For the reported quarter, the Company's System-Wide North America Restaurants' comparable sales growth was 1% compared to 5.5% in Q3 FY16.

During Q3 FY17, Papa John's operating income increased 0.4% to $33.52 million from $33.38 million in the same period of last year. During Q3 FY17, the Company's operating margin decreased 10 basis points to 7.8% of revenue from 7.9% of revenue in the comparable period of last year.

During Q3 FY17, Papa John's earnings before tax (EBT) decreased 2.1% to $30.95 million from $31.63 million in the corresponding period of last year. During Q3 FY17, the Company's EBT margin decreased 30 basis points to 7.2% of revenue from 7.5% of revenue in Q3 FY16.

For the reported quarter, Papa John's net income increased 3.5% to $21.97 million on a y-o-y basis from $21.22 million in Q3 FY16. During Q3 FY17, the Company's diluted earnings per share (EPS) increased 5.3% to $0.60 on a y-o-y basis from $0.57 in the same period of last year. The diluted EPS surpassed analysts' expectations of $0.59.

Balance Sheet

As on September 24, 2017, Papa John's cash and cash equivalents increased 154.1% to $39.54 million from $15.56 million as on December 25, 2016. For the reported quarter, the Company's net long-term debt increased 26.3% to $378.55 million from $299.82 million in Q4 FY16.

For the reported quarter, the Company's net accounts receivable increased 6% to $63.27 million from $59.69 million in Q4 FY16. For the reported quarter, the Company's accounts payable decreased 10.4% to $38.24 million from $42.70 million in the fourth quarter of 2016.

In the first nine months of 2017, the Company's cash provided by operating activities decreased 5.4% to $114.92 million from $121.46 million in the comparable period of last year, due to changes in working capital amounts. In the first nine months of 2017, the Company's free cash flow decreased 13.1% to $71.72 million from $82.50 million in the corresponding period of last year.

During Q3 FY17, the Company repurchased 1.15 million shares at a cost of $87.74 million.

Outlook

For FY17, the Company expects EPS growth to be in the range of 3% - 7%, and capital expenditure to be in the band of $45 million - $55 million.

Stock Performance Snapshot

December 07, 2017 - At Thursday's closing bell, Papa John's International's stock dropped 1.05%, ending the trading session at $56.67.

Volume traded for the day: 768.85 thousand shares, which was above the 3-month average volume of 745.15 thousand shares.

After yesterday's close, Papa John's International's market cap was at $1.95 billion.

Price to Earnings (P/E) ratio was at 19.48.

The stock has a dividend yield of 1.59%.

The stock is part of the Services sector, categorized under the Specialty Eateries industry. This sector was up 0.4% at the end of the session.

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