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*One Stock Before the Bell*
*Papa John's International (NASDAQ: PZZA)*
$91.32 (10.95% YTD)
Papa John's is the 3rd largest global pizza delivery company, with 5,589 Restaurants across 47 Countries. In contrast to its competitors who *struggled to fulfill delivery orders due to driver shortages*, Papa John's was insulated from such shortages as it was an *early adopter of third-party partnerships* while others stuck to in-house drivers. Partnerships with DoorDash and GrubHub helped *offset labor challenges during peak periods*, leading to higher revenue.
*FY 2021 EPS and revenue* grew by 151% YoY and 14% respectively. Papa John's has a long history of being a digital leader, being the *1st pizza brand to offer online ordering back in 2001*. It has a competitive advantage with around *85% of sales coming through digital channels*. The stock looks attractive at a *blended forward P/E ratio of 27.2x*, a *19% discount* to the 5Y average P/E.
*Papa John's International (NASDAQ: PZZA)*
$91.32 (10.95% YTD)
Papa John's is the 3rd largest global pizza delivery company, with 5,589 Restaurants across 47 Countries. In contrast to its competitors who *struggled to fulfill delivery orders due to driver shortages*, Papa John's was insulated from such shortages as it was an *early adopter of third-party partnerships* while others stuck to in-house drivers. Partnerships with DoorDash and GrubHub helped *offset labor challenges during peak periods*, leading to higher revenue.
*FY 2021 EPS and revenue* grew by 151% YoY and 14% respectively. Papa John's has a long history of being a digital leader, being the *1st pizza brand to offer online ordering back in 2001*. It has a competitive advantage with around *85% of sales coming through digital channels*. The stock looks attractive at a *blended forward P/E ratio of 27.2x*, a *19% discount* to the 5Y average P/E.
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