Papa John's reports Q1 results above consensus; reaffirms 2008 guidance

Briefing.com

Posted: 2008-05-06 17:28:00

Co reports Q1 EPS of $0.48 ex items vs $0.44 First Call consensus; revs rose 11% YoY to $289.0 mln vs $282.74 mln First Call consensus. Reaffirms FY08 EPS guidance of $1.68-1.76 vs $1.69 First Call consensus. Co also reiterates expectations for net worldwide unit growth of 160 to 190 units and for domestic system-wide sales to increase in the range of 1.25% to 2.75% (equates to ~. "Our reaffirmation of the guidance reflects our expectations of continued commodity price pressures, most notably cheese and wheat, as well as increased fuel costs."