Papa John’s International, Inc. PZZA is riding on continued international expansion plans, strategic partnerships, strong digital platform. Also, various sales initiatives and better offers and promotions for targeting more customers have been benefitting the company. Shares of Papa John have gained 56.4% over the past year compared with the Zacks Retail – Restaurants industry’s 23.3% growth.
However, the impact of the coronavirus pandemic, continuous rise in the price of key input and a challenging sales environment remain potent headwinds.
Let’s take a look at the factors supporting growth of this Zacks Rank #3 (Hold) company. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Image Source: Zacks Investment Research
Factors Driving Growth
Regular Product Launches
Papa John’s is continuously working on maintaining uniqueness of its brand to drive growth. Innovative menus like toasted handheld Papadias and Epics Stuffed Crust