What’s up with HDELY? Nice upward trend…time for a pullback?
I'm surprised van didn't notice > I was going to highlight HDELY this am but I couldn't find any other news. It got an upgrade.
Unfortunately I think we are going to have to downgrade Papa John.
It's unusually hot today in the city. Kind of gross. The idea of going to an air conditioned eatery in Charleston does appeal so. Would I sit home in the heat and order a Papa Johns.. hell No!!!
Papa John's (PZZA) Near-Term Prospects Appear Disappointing 
Fri, April 14, 2023, 9:26 AM EDT
Papa John's International, Inc. PZZA has declined sharply despite a decent gain witnessed by the restaurant industry in the past year. The stock has lost 23.9% against the industry’s gain of 14.8%. Primarily, the downfall can be attributed to inflationary pressures and staffing challenges. Deteriorating economic and business conditions in United Kingdom added to the downside.
PZZA’s near-term prospect also looks gloomy. Our model estimates first-quarter 2023 revenues
to decline 2.7% year over year to $527.9 million.
We expect bottom line to decline sharply owing to higher expenses. Per our model, total costs are likely to increase 5.8% whereas adjusted
earnings are likely to decrease 38.8% to 58 cents per share.
High debt remains a concern for Papa John's. Long-term debt (less current portion) at the end of the fiscal fourth quarter came in at
$597.1 million compared with $548.8 million reported in the previous quarter. PZZA ended the fiscal fourth quarter with cash and cash equivalents of $47.4 million compared with $36.6 million reported in the previous quarter.