RE:RE:Q1 resultsBlueJay2020 wrote: It's hard to quantify the impact of Q1 lockdowns this year - I would have thought most locations would be open for walk-in or delivery? Are people now getting fed up with pizza since they have been prevented from going to restaurants for most of the last 12 months? If so, what evidence is there of this "earning power" post-pandemic?
I really expected a better performance over the last 12 months. I'd like to own this stock, but I just don't believe in it enough.
StarGreenElk wrote: Results were slightly better than what TD was forecasting... earnings of 16.4 cents compaired to TD's estimate of .16 cents ... Same store sales were down 13.3% but TD was estimating -15.5 %.. Shareholders need to look at the earnings power once covid restrictions are eased and they can re open all their "non traditional" stores and build out new ones... Q1 is always their weakest quarter
PZA has "non conventional" stores that are completely closed right now and account for 10% of their sales. These include stores at sporting events, universities, theme parks , etc . So conservatively you should see a 10% boost in earnings post Covid. I expect even more because of more walk in sales and the return of more catering for company meetings etc.