Papa John's International Inc (NASDAQ:PZZA) shares plummeted 5.35% in pre-market trading on Friday, following the release of its disappointing fourth-quarter 2024 financial results.
The pizza chain reported a 7% year-over-year decline in total revenues to $531 million, while adjusted operating income fell by $10 million to $37 million. The company cited lower domestic sales and higher food costs, particularly for proteins and cheese, as the primary factors behind the weaker performance.
Key factors contributing to the stock's pre-market plunge:
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