Papa John’s Q4 Results Top Street

According to Reuters news service, “Papa John’s International Inc (PZZA.O) posted an adjusted quarterly profit that beat Wall Street estimates on lower commodity costs, and the pizza chain backed its 2010 earnings outlook.”

“The company sees earnings of $1.70 to $1.90 a share for 2010, with domestic system-wide sales swinging from up 1 percent to down 1 percent. KeyBanc Capital Markets analyst Brad Ludington said he expected the company to reaffirm its 2010 outlook, adding that it came right in line with his expectations. The first quarter could be a little bit tough for the company, but the outlook beyond the quarter will be pretty positive for Papa John’s, Ludington said over phone.”