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Papa John’s earnings miss, weighed down by higher costs, but chain sees strong pizza demand – CNBC

Papa John’s on Thursday reported quarterly earnings that missed estimates as higher food costs, a new corporate office and employee bonuses weighed on profits despite high demand for its pizza during the pandemic.
The company’s stock fell more than 7% in premarket trading.
Here’s what the company reported compared with what Wall Street was expecting, based on a survey of analysts by Refinitiv:

  • Earnings per share: 40 cents adjusted vs. 46 cents expected
  • Revenue: $469.8 million vs. $467.9 million expected…

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