=Papa John's (PZZA) reported earnings on Wed 6 Nov 19 (b/o)

Papa John's misses by $0.01, beats on revs; reaffirms FY19 EPS guidance, narrows FY 19 comps ranges 

Reports Q3 (Sep) earnings of $0.21 per share, excluding non-recurring items, $0.01 worse than the S&P Capital IQ Consensus of $0.22; revenues rose 4.8% year/year to $403.71 mln vs the $384.54 mln S&P Capital IQ Consensus.

• Third quarter system-wide North America comparable sales increase of 1.0%
• Third quarter international comparable sales increase of 1.6%; international franchise sales increase of 10.1%, excluding the impact of foreign currency

Co reaffirms guidance for FY19, sees EPS of $1.00-1.20, excluding non-recurring items, vs. $1.13 S&P Capital IQ Consensus.

• expects NA comps decline of (1.5-3.5%) and international comps of 0.0-2% vs prior outlook of (1-4%) and 0.0-3% respectively
• expect net global unit growth of 85-115 vs prior outlook of 100-150