Papa John's Edges into Domino's Territory
Investors cooled to shares of Papa John's International (NASDAQ: PZZA) in the weeks leading up to its third-quarter earnings release. After notching year-to-date gains of over 60% by late August, the pizza delivery giant saw its stock drop over the next two months while Domino's Pizza (NYSE: DPZ) pulled back ahead for 2020.
But Papa John's earnings update showed that it is still challenging the market leader during this period of elevated demand for home meal delivery. That success is lifting operating returns higher, too.
Let's take a closer look.
Source Fool.com
