Papa John's International Inc

PZZA

Equity

ISIN US6988131024 / Valor 85009

NASDAQ (2025-03-28)

USD 39.84-2.88%

Papa John's International Inc
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About company

Papa John's International Inc. is a global pizza delivery and carryout company that emphasizes the use of fresh ingredients and in-house prepared pizza dough for its wide range of pizzas. The company prides itself on its commitment to quality, using a proprietary recipe for its dough and ensuring the freshness and origin of its toppings. Papa John's menu is diverse, offering a variety of pizzas that incorporate flavors and ingredients from around the world, alongside other food items such as gratins, salads, and hearty snacks. Customers can place orders online or by phone, with the promise of delivery within approximately 30 minutes. Founded over 25 years ago, Papa John's has established itself as a key player in the international pizza market, catering to a wide range of tastes and preferences.

Summarized from source with an LLMView SourceSector: Consumer Services

Revenue Decline

Papa John's International Inc reported total revenues of $506.8 million for the third quarter of 2024, marking a 3.1% decrease compared to the same period in the previous year. This decline was primarily driven by a reduction in International revenues due to the refranchising and closure of Company-owned restaurants, as well as lower sales at Domestic Company-owned restaurants.

Operating Income Increase

Operating income for Papa John's International Inc in the third quarter of 2024 increased significantly to $65.2 million, up from $32 million in the third quarter of 2023. This increase was largely attributed to gains from the sale of two Quality Control Center properties, which contributed $41.3 million to the operating income.

Earnings Per Share

Papa John's International Inc reported diluted earnings per common share of $1.27 for the third quarter of 2024, a substantial increase from $0.48 in the same quarter of the previous year. However, adjusted diluted earnings per common share decreased to $0.43 from $0.53, reflecting lower operating margins at Domestic Company-owned restaurants.

Comparable Sales Decline

In the third quarter of 2024, Papa John's International Inc experienced a decline in comparable sales, with North America comparable sales down 6% and International comparable sales down 3% compared to the prior year period. This decline was influenced by lower transaction volumes at Domestic Company-owned restaurants.

Restaurant Openings

During the third quarter of 2024, Papa John's International Inc achieved a net increase of 25 restaurant openings. The company remains on track for more than 100 gross restaurant openings in North America for the fiscal year 2024, with International gross openings expected to increase to between 170 and 190 restaurants.

Summarized from source with an LLMView Source

Key figures

-40.2%1Y

-61.0%3Y

-21.2%5Y

Performance

36.9%1Y

35.8%3Y

42.2%5Y

Volatility