Papa John's reports EPS in-line, misses on revs; system-wide North America comps -8.1%, intl comps -2.6%; guides FY19 EPS below consensus (41.79 -0.08)
- Reports Q4 (Dec) earnings of $0.15 per share, excluding non-recurring items, in-line with the S&P Capital IQ Consensus of $0.15; revenues fell 20.0% year/year to $374.0 mln vs the $393.1 mln S&P Capital IQ Consensus.
- System-wide North America comps -8.1% in Q4; International comps -2.6% in Q4.
- Co issues downside guidance for FY19, sees EPS of $1.00-1.20, excluding non-recurring items, vs. $1.25 S&P Capital IQ Consensus.
- 2019 Outlook: Co is targeting North America comps of -5% to -1%; international comps of flat to positive +3.0%; co guides to net global new unit growth of 75-150 net units