Skip to content
Subscriber Only

Papa John's Tumbles on Sales Miss, Tepid Profit Outlook

Updated on

Papa John’s International Inc. shares fell the most in seven years after third-quarter sales missed analysts’ estimates and the pizza chain warned that earnings this year will be at the low end of its forecast.

The company posted revenue of $389.3 million for last quarter, short of the $398.4 million predicted on average by analysts. Earnings came in at 45 cents a share in the period, excluding some items. That matched analysts’ projections, according to data compiled by Bloomberg.