Papa Murphy's (FRSH) Q4 Revenues Beat

Papa Murphy's (NASDAQ: FRSH) reported Q4 EPS of $0.25, which may not compare to the analyst estimate of $0.11. Revenue for the quarter came in at $30.7 million versus the consensus estimate of $30.35 million.

Domestic system comparable store sales decreased 2.6% compared to the fourth quarter of 2016 on a comparable 13-week basis, including a 2.3% decline at Company-owned stores.

2018 Financial Outlook

Based on current information, Papa Murphy’s Holdings, Inc. is offering the following guidance for fiscal 2018, which ends on December 31, 2018:

• Domestic system-wide comparable store sales growth flat to low single digits, including a low single digit decline in Q1;
• Year-End Company-owned store count no more than 60 units;
• Domestic franchise new store openings of approximately 10 units;
• Selling, general and administrative expenses of approximately $26 million, excluding expected non-recurring costs totaling around $3.8 million;
• Adjusted EBITDA of at least $21 million;
• Cash Used in Investing Activities of no more than $1 million;
• Cash Flow from Operations less Cash Used in Investing Activities of around $12 million, exclusive of dispute resolution payments of approximately $4 million;
• Full-year effective book tax rate of approximately 25.5%; and
• Diluted share-count of approximately 16.9 million.

For earnings history and earnings-related data on Papa Murphy's (FRSH) click here.

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