Papa Murphy’s Holdings Inc. widened its losses for the second quarter, but recorded a 14-percent increase in revenue.
In its second earnings report since the Vancouver, Wash.-based take-and-bake pizza chain parent’s initial public offering in May, Papa Murphy’s said the June 30-ended quarter marked its 14th consecutive quarter of same-store sales growth, despite lapping a 3.6-percent same-store sales increase the year prior.
“Looking ahead, we remain confident in our ability to maintain our operating momentum,” said Ken Calwell, Papa Murphy’s president and chief executive, in a statement. “We continue to have a number of initiatives in place, combined with a solid new product pipeline that we believe will continue to drive sales growth and enhance the operational productivity of our system.”
Papa Murphy’s operates and franchises more than 1,400 locations in 38 states, Canada and United Arab Emirates.
This story has been revised to reflect the following correction:
Correction: Aug. 14, 2014 An earlier version of this story incorrectly stated the number of earnings reports Papa Murphy's has released since its IPO. It has released two reports.
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