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Why Is Papa John's Stock Falling Thursday? - Papa John's International (NASDAQ:PZZA)
Papa John’s said North America comparable sales fell 6.4% as first-quarter adjusted earnings of 32 cents and revenue of $478.6 million missed estimates.
Papa John’s International, Inc. (NASDAQ:PZZA) shares fell on Thursday after weaker North America demand and a cautious consumer environment pressured quarterly results. The pizza chain also faced continued promotional intensity in the quick-service restaurant market, overshadowing growth in its international business and expansion efforts. Quarterly Details The company reported first-quarter adjusted earnings per share of 32 cents, missing the a…