Papa John’s Q2 report beats forecasts on revenue and profits; shares up modestly after hours

Papa John's logoThe Louisville-based pizza chain reported second-quarter revenues of $423 million, a 6% increase from the year-ago quarter’s $399 million. Earnings were 61 cents per diluted share, a 29.8% bump from a year ago. The results beat forecast estimates. On average, analysts had been expecting 414.8 million in revenue and 54 cents EPS, according to Yahoo Finance.

Papa John’s also boosted its earnings guidance for the rest of the year, to a range of $2.35 to $2.45 a share from the prior range of $2.30 to $2.40, according to a Securities and Exchange Commission filing after stock markets closed. In the after-hours session, shares were trading for $74.40, up less than 1%. In the regular session, they closed at $74.01, down 20 cents.

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