Papa John's International, Inc. announced positive financial results for the first quarter ended March 29, 2020. The company reported earnings per diluted share of $0.15, a system-wide North America comparable sales increase of 5.3%, and an international comparable sales increase of 2.3%. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic, including the launch of No Contact Delivery and Carryout.
Earnings per diluted share were $0.15, compared to a loss per diluted share of ($0.12) in Q1 2019.
System-wide North America comparable sales increased by 5.3%.
International comparable sales increased by 2.3%.
The company launched No Contact Delivery and Carryout domestically and in many international markets.
Due to the many uncertainties related to the COVID-19 pandemic, the company withdrew its previously provided financial outlook for 2020.
Visualization of income flow from segment revenue to net income