=Papa John's (PZZA) reported earnings on Tue 27 Feb 2018 (a/h)

Papa John's misses by $0.02, reports revs in-line 

• Reports Q4 (Dec) earnings of $0.65 per share, $0.02 worse thanthe Capital IQ Consensus of $0.67; revenues rose 6.4% year/year to $467.6 mln vs the $463.61 mln Capital IQ Consensus.
• System-wide North America comparable sales decreased 3.9% for Q4 and increased of 0.1% for the full year. International comparable sales increased 2.6% for Q4 and 4.4% for the full year.
• Had 98 net unit openings in the fourth quarter and 102 for the full year, of which all 102 were International.
• Free cash flow for 2017 was $82.4 million compared to $94.7 million in 2016.
• Outlook: For 2018, sees GAAP EPS of $2.40-$2.60 compared to GAAP EPS of $2.83 for 2017. Sees North American comp sales of negative 3% to flat; International comp sales growth of 3-5%; net global new unit growth of 3-5%5; and CapEx of $45-$55 mln.