Papa John's International Inc banner

Papa John's International Inc
XMUN:PP1

Watchlist Manager
Papa John's International Inc Logo
Papa John's International Inc
XMUN:PP1
Watchlist
Price: 28 EUR -3.78%
Market Cap: €2.7B

Papa John's International Inc
Investor Relations

Papa John’s International is a pizza restaurant company best known for its delivery and takeout business. It sells pizzas, sides, and drinks through company-owned and franchised stores, as well as through online and app-based ordering. The company’s main customers are everyday consumers, families, and groups looking for convenient meal delivery or pickup, and it also serves some carryout and dine-in traffic in certain locations. The business makes money in two main ways: sales from restaurants it owns, and royalty and other fees from franchised locations. Franchised stores let Papa John’s expand its brand without owning every restaurant itself, while the company keeps earning from the brand, recipes, systems, and supply chain support. It also sells food and related items that help franchisees make the same pizzas and menu items across locations. What sets Papa John’s apart is that it is a branded food company built around a simple, repeatable menu and a delivery-focused model. Instead of selling a broad restaurant experience, it focuses on making pizza ordering fast, consistent, and easy across many small-format locations. That makes it more of a pizza system and brand network than a traditional full-service restaurant chain.

Show more
Loading...
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
May 7, 2026
AI Summary
Q1 2026

Sales: Papa John’s said global system-wide sales were $1.2 billion, down 3% in constant currency, with international strength offset by weaker North America.

North America: North America comparable sales fell mid-single digits, driven mainly by lower orders and softer new customer acquisition, while check was essentially flat.

International: International comp sales rose 4% to 3.6% depending on the segment described, with strong momentum in the U.K., Middle East and Asia Pacific.

Guidance: The company reiterated its 2026 outlook, including North America comps down 2% to 4%, global system-wide sales flat to down low single digits, and adjusted EBITDA of $200 million to $210 million.

Innovation: Management leaned heavily on new menu items and brand partnerships, including Pan Pizza, oven-toasted sandwiches, Cheesy Garlic Bread and the Toy Story 5 collaboration, as key drivers for second-half improvement.

Cost actions: Papa John’s said supply chain actions delivered $7 million of benefits in Q1 and it remains on track for at least $25 million this year and at least 160 basis points of 4-wall EBITDA improvement by 2028.

Traffic mix: The company said the sales drag came more from transactions than check, with weaker one-pizza and smaller-ticket orders, while multi-pie orders grew.

Key Financials
Global system-wide sales
$1.2 billion
Total consolidated revenue
$479 million
Consolidated adjusted EBITDA
approximately $48 million
International comparable sales
4%
North America comparable sales
down mid-single digits
U.K. comparable sales
11%
Middle East comparable sales
9%
Asia Pacific comparable sales
5%
Pies per order
5%
New loyalty members
nearly 1 million
Loyalty members
approaching 42 million
Loyalty customer ticket per order
5% higher
Loyalty order frequency
twice as often
Supply chain benefits
$7 million
Supply chain productivity opportunity
at least $60 million
4-wall EBITDA improvement
160 basis points
North America commissary adjusted EBITDA margin
5%
Domestic company-owned 4-wall EBITDA
$16.6 million
Domestic company-owned 4-wall margin
11.9%
Liquidity
approximately $498 million
Covenant leverage ratio
3.3x
Operating cash flow
$7 million
Free cash flow
outflow of $6 million
North America company-owned restaurant openings
8
North America restaurant closures
200
International gross new restaurant openings
180 to 220
Marketing and franchisee subsidies
approximately $18 million
G&A savings
$13 million
Total cost savings
at least $30 million
Stock-based compensation
approximately $5 million per quarter
Net interest
$35 million to $40 million
Adjusted D&A
$70 million to $75 million
Capital expenditures
$70 million to $80 million
Tax rate
30% to 34%
Diluted shares outstanding
approximately 33 million
Refranchising transaction
29 restaurants
Revenue impact from refranchising
approximately $9 million
Adjusted EBITDA impact from refranchising
approximately $1 million
Earnings Call Recording
Other Earnings Calls

Management

Mr. Ravi Thanawala
CFO & Principal Accounting Officer and EVP International
No Bio Available
Mr. Christopher K. Collins
VP of Tax & Treasury
No Bio Available
Mr. Todd Allan Penegor
President, CEO & Director
No Bio Available
Mr. John Kevin Vasconi
Chief Digital & Technology officer
No Bio Available
Ms. Jenna Bromberg
Chief Marketing Officer
No Bio Available
Mr. Elias Reyna
Chief People & Diversity Officer
No Bio Available
Ms. Madeline Chadwick
Chief Corporate Affairs Officer
No Bio Available
Mr. Joe Sieve
Chief Restaurant & Development Officer
No Bio Available
Mr. Patrick Coelho
Senior Vice President of Development
No Bio Available
Mr. Kurt Milburn
Chief Supply Chain Officer
No Bio Available

Contacts

Address
KENTUCKY
Louisville
2002 Papa Johns Blvd
Contacts
+15022617272.0
www.papajohns.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett