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Papa John's International Inc.

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Shares of Papa John’s have underperformed the industry in the past year.  During third-quarter 2018, both earnings and revenues lagged the Zacks Consensus Estimate and also declined year over year. This downside can be attributed to dismal domestic company-owned restaurant sales and a decline in North America commissary sales on weak volumes. This was partially mitigated by higher international sales, other revenues and a positive impact of the forex rates. Moreover, the company is likely to benefit from its consistent international expansion plans and strategic partnerships. Also, Papa John’s is investing heavily in technology-driven initiatives like digital ordering to boost sales. Additionally, in order to revive its brand image and reinvigorate growth, the company announced an assistance program for its U.S. and Canada franchisees.

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