Papa Johns (PZZA) topped earnings estimates for the fourth quarter on Thursday, with the pizza maker saying it has seen good progress in its efforts to gain market share.

The pizza chain reported adjusted earni🌄ngs per share of $0.63 on $530.77 million in revenue for the fourth quarter, each down from the same time last year but above the analyst consensus compiled by Visible Alpha.

Comparable store sales at the chain's North American locations declined 4% year-over-year, in line with estimates, while international comp sales grew more than expected at 2%.

For 2025, Papa Johns sa🌼id it expects North American and international comparable store sales to be flat or up to 2% growth, compared to the 0.77% and 0.54% growth, respectively, that analysts currently project.

“I am pleased with the early progress we are seeing in our transformation as we work to improve our value perception, simplify our operations, and enhance our digital and loyalty experiences," CEO Todd Penegor said. He added, “We have defined our strategic priorities to take market share as we move forward with urgency to execute on initiatives to drive sales momentum in the near-term while meaningfully incr🐻easin💟g profitability over time.”

Shares of the pizza mak💞er were up around 1.6% on Thursday, and are down about 35% over the last 12 months.