Papa John's International Inc. said its normalized net income for the fiscal first quarter ended March 29 was 51 cents per share, compared with the S&P Capital IQ consensus estimate of 54 cents per share.
EPS rose 19.0% year over year from 43 cents.
Normalized net income, which excludes unusual gains or losses on a pre- and after-tax basis, was $20.8 million, an increase of 12.9% from $18.4 million in the year-earlier period.
The normalized profit margin climbed to 4.8% from 4.6% in the year-earlier period.
Total revenue grew 7.7% year over year to $432.3 million from $401.4 million, and total operating expenses grew 6.8% on an annual basis to $394.6 million from $369.4 million.
Reported net income rose 16.0% year over year to $22.3 million, or 55 cents per share, from $19.2 million, or 45 cents per share.
