Papa John’s sustains strong North America and international comparable sales in September
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Category: Papa Johns (PZZA)
Date: 5 October 2020 Stock price of Papa Johns (PZZA): $83.27 We take a look at the latest press release from Papa Johns which discusses their sales for September 2020 and the third quarter fiscal period. System-wide North America sales increased by 23.8% for the third quarter compared to the previous year.
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Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic "
More About Papa John's (PZZA)
The secret to success is much like the secret to making a better pizza - the more you put into it, the more you get out of it. Our pizza family is as hungry for perfection today as we were when we first opened our doors more than 30 years ago. And we're driven to be the best at making innovative new products and recipes.
Quality is at our core. It’s the foundation we started with, from the first Papa John's pizza that was made in a broom closet in Jeffersonville, IN, to now more than 5,000 locations in 45 countries and territories around the world.
We don’t use cheap and more processed ingredients. Whether it's our signature sauce, toppings, our original fresh dough, or even the box itself, we invest in our ingredients to ensure that we always give you the finest quality pizza.
For you, it’s not just a better pizza. It’s a family gathering, memorable birthday, work celebration or simply a great meal. It’s our goal to make sure you always have the best ingredients for every occasion.
Quality is at our core. It’s the foundation we started with, from the first Papa John's pizza that was made in a broom closet in Jeffersonville, IN, to now more than 5,000 locations in 45 countries and territories around the world.
We don’t use cheap and more processed ingredients. Whether it's our signature sauce, toppings, our original fresh dough, or even the box itself, we invest in our ingredients to ensure that we always give you the finest quality pizza.
For you, it’s not just a better pizza. It’s a family gathering, memorable birthday, work celebration or simply a great meal. It’s our goal to make sure you always have the best ingredients for every occasion.
Papa John's September 2020 sales
LOUISVILLE, Ky.--(BUSINESS WIRE)--Sep. 29, 2020-- Papa John’s International, Inc. (NASDAQ: PZZA) today provided preliminary estimated comparable sales information for the month of September and the third quarter fiscal period. In light of the uncertainty related to the pandemic, the company has continued to provide this information on a monthly basis.
President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic.”
Preliminary Estimated Comparable Sales for September 2020 Fiscal Period and Third Quarter
Preliminary estimated comparable sales information for the five weeks and the fiscal quarter ended September 27, 2020, relative to the same periods in the prior year are as follows
August 24, 2020 to September 27, 2020 Three months ended September 27, 2020
Comparable sales growth (a)
Domestic company-owned restaurants 14.3% 18.2%
North America franchised restaurants 19.7% 25.5%
System-wide North America restaurants 18.4% 23.8%
System-wide international restaurants (b) 23.3% 20.6%
President & CEO Rob Lynch said, “Six consecutive months of double-digit comparable sales growth were made possible by the hard work of Papa John’s team members and franchisees during the global pandemic. We remain confident that our innovation pipeline, marketing and technology platforms, and strong operations will continue to support strong results during, and after, the pandemic.”
Preliminary Estimated Comparable Sales for September 2020 Fiscal Period and Third Quarter
Preliminary estimated comparable sales information for the five weeks and the fiscal quarter ended September 27, 2020, relative to the same periods in the prior year are as follows
August 24, 2020 to September 27, 2020 Three months ended September 27, 2020
Comparable sales growth (a)
Domestic company-owned restaurants 14.3% 18.2%
North America franchised restaurants 19.7% 25.5%
System-wide North America restaurants 18.4% 23.8%
System-wide international restaurants (b) 23.3% 20.6%
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Papa Johns (PZZA) stock vs Domino's Pizza (DPZ) stock over the last 5 years
The image below shows the stock price history of Papa John's (PZZA) and Domino's Pizza (DPZ) over the last 5 years. While both are active in the pizza business the two firms stock price trends and returns over the last 5 years are very different. The summary below shows the stock price returns of Domino's and Papa John's over the last 5 years
- Domino's Pizza (DPZ): 296.5%
- Papa John's (PZZA): 13.6%
Papa Johns (PZZA) stock vs Domino's Pizza (DPZ) stock over the last 5 years