Who’s buying all the pizza this year?
Apparently lots of people, and at more than one chain.
Papa John’s impressive second-quarter sales numbers led us to have a look at its closest competitors’ performance, and we found that they also are delivering the dough.
But first, let’s look at the home team’s digits: Papa John’s International (PZZA) reported second-quarter earnings of 61 cents per share, a nickel more than the First Call consensus forecast.
Sound tame? That number was driven by second-quarter revenue of $318.6 million, well above one analyst’s $295.7 million projection.
Still not impressed? Take this: PJ’s turned in a + 5.7 percent increase in domestic comparable-store sales—well above the Consensus Metrix estimate of + 3.6 percent. International same-store sales were spinning, too: +6.1 percent, compared to the Consensus Metrix estimate of +3.9 percent.