July 31, 2012 / 10:06 PM / 5 years ago

Papa John's results beat estimates, raises FY forecast again

* Q2 EPS $0.61 vs est $0.56

* Q2 rev $318.6 mln vs est $311.1 mln

* Sees FY EPS to $2.45-$2.55 vs est $2.52

* Shares up 7 pct in after-market trade

July 31 (Reuters) - Papa John's International Inc posted better-than-expected quarterly results as more patrons ate at its pizza chains, prompting it to raise its full-year earnings outlook for the second time.

The company raised its earnings outlook range for fiscal 2012 by 5 cents to between $2.45 and $2.55 per share. Wall Street analysts were expecting the company to earn $2.52 per share, according to Thomson Reuters I/B/E/S.

The company's earnings rose to $14.8 million, or 61 cents per share, in the second quarter, from $12.1 million, or 47 cents per share, a year earlier.

Revenue at Papa John's, which competes with Yum Brands Inc's Pizza Hut and Domino's Pizza Inc, rose 8.5 percent to $318.6 million.

Analysts on average had expected the company to earn 56 cents per share on revenue of $311.1 million.

Comparable-restaurant sales rose 5.7 percent for North America and 6.1 percent for its international segment.

Domino's also reported a higher second-quarter profit on robust sales at its established international restaurants and a rise in U.S. restaurant margins.

Shares of Louisville, Kentucky-based Papa John's rose 7 percent in after-market trade. They had closed at $51.01 on Tuesday on the Nasdaq.

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below