Earnings summaries and quarterly performance for PAPA JOHNS INTERNATIONAL.
Executive leadership at PAPA JOHNS INTERNATIONAL.
Todd A. Penegor
Detailed
President and Chief Executive Officer
CEO
CM
Caroline Miller Oyler
Detailed
Chief Administrative Officer
CC
Chris Collins
Detailed
Senior Vice President, Corporate Finance and Principal Accounting Officer
JS
Joseph Sieve
Detailed
Chief Restaurant and Global Development Officer
RT
Ravi Thanawala
Detailed
Chief Financial Officer & EVP, International
Board of directors at PAPA JOHNS INTERNATIONAL.
Research analysts who have asked questions during PAPA JOHNS INTERNATIONAL earnings calls.
BB
Brian Bittner
Oppenheimer & Co.
4 questions for PZZA
Also covers: BJRI, CAKE, CMG +11 more
Brian Mullan
Piper Sandler
4 questions for PZZA
Also covers: BJRI, BLMN, BROS +20 more
Eric Gonzalez
KeyBanc Capital Markets
3 questions for PZZA
Also covers: CAVA, DENN, DIN +7 more
James Sanderson
Northcoast Research
3 questions for PZZA
Also covers: CAKE, DASH, DRI +8 more
Jim Sanderson
Northcoast Research
3 questions for PZZA
Also covers: CAKE, DRI, EAT +6 more
PS
Peter Saleh
BTIG
3 questions for PZZA
Also covers: BYND, CHEF, DPZ +14 more
SS
Sara Senatore
Bank of America
3 questions for PZZA
Also covers: BLMN, BROS, CAKE +21 more
TB
Todd Brooks
The Benchmark Company
3 questions for PZZA
Also covers: BJRI, CAVA, CBRL +18 more
Andrew Strelzik
BMO Capital Markets
2 questions for PZZA
Also covers: ADM, BG, BLMN +17 more
IA
Isiah Austin
Bank of America
2 questions for PZZA
Also covers: CBRL, DNUT, EAT +1 more
James Salera
Stephens Inc.
2 questions for PZZA
Also covers: BRBR, CAKE, CELH +20 more
AS
Alexander Slagle
Jefferies
1 question for PZZA
Also covers: BJRI, BLMN, CHEF +10 more
CO
Chris O'cull
Stifel Financial Corp
1 question for PZZA
Also covers: BROS, CAVA, CMG +11 more
CO
Christopher O'Cull
Stifel, Nicolaus & Company
1 question for PZZA
Also covers: BROS, CAVA, CMG +13 more
DG
Dennis Geiger
UBS
1 question for PZZA
Also covers: BLMN, BROS, CAKE +18 more
Lauren Silberman
Deutsche Bank
1 question for PZZA
Also covers: BLMN, CAKE, CMG +13 more
Tyler Prause
Stephens Inc.
1 question for PZZA
Also covers: CAKE
Recent press releases and 8-K filings for PZZA.
Papa John's Reports Q4 2025 Results and Provides 2026 Guidance
PZZA
Earnings
Guidance Update
Demand Weakening
- Papa John's International (PZZA) reported mixed financial results for Q4 and full-year 2025, with international comparable sales growth offsetting declines in North America and consolidated revenue. The company also provided its outlook for 2026, including projections for sales and adjusted EBITDA.
- The company is undertaking a significant transformation initiative that includes strategic restaurant closures, particularly in North America, and an accelerated refranchising program.
- Papa John's is implementing various cost-saving measures, including corporate and supply chain optimizations, and plans substantial marketing investments in 2026. Menu changes, such as the elimination of Papadia and Papa Bites, are expected to impact North America comparable sales.
| Metric | Q4 2025 | FY 2025 | FY 2026 Guidance |
|---|---|---|---|
| Global System-Wide Restaurant Sales (YoY Change %) | -1% (constant currency) | N/A | Flat to low single digits decline |
| North America Comparable Sales (YoY Change %) | -5% | N/A | -2% to -4% |
| International Comparable Sales (YoY Change %) | +6% | N/A | +2% to +4% |
| Total Consolidated Revenue ($USD Millions) | $498 | N/A | N/A |
| Consolidated Adjusted EBITDA ($USD Millions) | $51 | $201 | $200 to $210 |
| North America Restaurant Closures (Units) | N/A | N/A | ~200 |
| Restructuring Charges ($USD Millions) | N/A | N/A | $16 to $23 |
| Supplemental Marketing Investment ($USD Millions) | N/A | N/A | $22 |
| Corporate Cost Savings (2026 portion) ($USD Millions) | N/A | N/A | $13 |
| Supply Chain Cost Savings (2026 portion) ($USD Millions) | N/A | N/A | $20 to $25 |
| Menu Changes Impact on NA Comp Sales (Basis Points) | N/A | N/A | -150 |
1 day ago
Papa John's International Reports Q4 2025 Results and Outlines 2026 Outlook
PZZA
Earnings
Guidance Update
Demand Weakening
- Papa John's International reported Q4 2025 global system-wide restaurant sales decreased 1% in constant currency to $1.23 billion, with North America comparable sales down 5% and international comparable sales up 6%. Consolidated adjusted EBITDA for the quarter was $51 million.
- For fiscal year 2026, the company forecasts global system-wide sales to be flat to low single digits decline, with North America comparable sales projected to be down 2%-4% and international comparable sales expected to increase 2%-4%.
- The company plans to close approximately 300 underperforming North American restaurants by the end of 2027, with about 200 closures anticipated in 2026, to strengthen the system and improve franchisee health.
- Strategic initiatives include targeting at least $60 million in system-wide supply chain cost savings and $25 million in non-customer-facing corporate cost savings by 2027, alongside a 7% reduction in corporate workforce.
- The elimination of Papadias and Papa Bites from the North America menu in Q2 2026 is expected to cause approximately 150 basis points of near-term pressure on 2026 North America comparable sales.
1 day ago
Papa John's International Reports Q4 and Full-Year 2025 Results and Provides 2026 Outlook
PZZA
Earnings
Guidance Update
Demand Weakening
- Papa John's reported Q4 2025 consolidated adjusted EBITDA of $51 million and full-year 2025 consolidated adjusted EBITDA of $201 million. Global system-wide restaurant sales were $1.23 billion, down 1% in constant currency, driven by a 5% decrease in North America comparable sales, partially offset by a 6% increase in international comparable sales.
- For 2026, the company forecasts global system-wide sales to be flat to a low single-digit decline, with North America comparable sales projected to be down 2%-4% and international comparable sales to increase 2%-4%. Consolidated adjusted EBITDA is expected to range between $200 million and $210 million.
- As part of a strategic review, Papa John's plans to close approximately 300 underperforming North American restaurants by the end of 2027, with about 200 closures in 2026, aiming to strengthen the system and improve franchisee health. The company also reduced its corporate workforce by approximately 7%.
- Strategic initiatives include achieving at least $60 million in North American system-wide cost savings by 2028, with $20 million-$25 million realized by the end of 2026, and targeting at least 200 basis points of Four-Wall EBITDA improvement over the medium term. Additionally, the company will eliminate Papadia and Papa Bites from its North America menu in Q2 2026, anticipating approximately 150 basis points of near-term pressure on 2026 North America comparable sales.
1 day ago
Papa John's International, Inc. Announces Fourth Quarter and Full Year 2025 Financial Results
PZZA
Earnings
Guidance Update
Dividends
- Papa John's International, Inc. reported full year 2025 total revenues of $2.1 billion, which were flat compared to the prior year, and diluted earnings per common share of $0.90, a decrease from $2.54 in 2024.
- For the fourth quarter of 2025, total revenues decreased 6% to $498 million and diluted earnings per common share was $0.21, down from $0.44 in the prior year fourth quarter.
- Global system-wide restaurant sales increased 1% for the full year 2025 to $4.92 billion, but decreased 1% in the fourth quarter of 2025 to $1.23 billion.
- The company introduced its Fiscal Year 2026 Outlook and anticipates at least $25 million in corporate cost savings through 2027, with approximately $13 million expected in 2026.
1 day ago
Papa John's Announces Fourth Quarter and Full Year 2025 Financial Results
PZZA
Earnings
Guidance Update
Demand Weakening
- Papa John's (PZZA) reported Full Year 2025 financial results, with total revenues flat at $2.1 billion and net income of $32 million, down from $84 million in 2024. Diluted EPS was $0.90 for the full year, compared to $2.54 in 2024, and adjusted diluted EPS was $1.43.
- For the fourth quarter of 2025, total revenues decreased 6.1% to $498.2 million, with diluted EPS of $0.21 and adjusted diluted EPS of $0.34.
- Global system-wide restaurant sales increased 1% to $4.92 billion for the full year 2025, but decreased 1% in the fourth quarter.
- The company provided its Fiscal Year 2026 outlook, forecasting Adjusted EBITDA between $200 million and $210 million, North America comparable sales down 2% to 4%, and International comparable sales up 2% to 4%.
1 day ago
Papa John's Refranchises 85 US Stores to Pie Investments
PZZA
M&A
New Projects/Investments
- Papa John's International has completed a strategic refranchising agreement, transferring 85 restaurants in the Washington D.C. and Baltimore markets from Colonel’s Limited to Pie Investments.
- This move aligns with Papa John's strategy to reduce its company-owned locations to mid-single-digit levels, as company-owned stores have been underperforming compared to franchisee-operated restaurants.
- Pie Investments, which currently operates over 150 Papa John's locations, plans to open 52 additional outlets by 2030 and aims to manage 250 locations by 2030 across the Greater Philadelphia, Washington D.C., and Baltimore regions.
Nov 26, 2025, 12:13 AM
Papa John's Completes Strategic Refranchising Agreement
PZZA
M&A
New Projects/Investments
- Papa John's International, Inc. completed a strategic refranchising agreement with Chris Patel of Pie Investments on November 25, 2025.
- Under the agreement, Pie Investments assumed ownership and operation of 85 Papa Johns restaurants in the Washington, D.C. and Baltimore markets, previously operated by Colonel’s Limited, LLC.
- This transaction increases Pie Investments' total Papa Johns restaurant count to over 150 and includes plans to open 52 additional new restaurants by 2030 across the Greater Philadelphia, Washington, D.C., and Baltimore markets.
Nov 25, 2025, 10:30 PM
Papa John's Promotes Ravi Thanawala to CFO and President, North America
PZZA
Management Change
CFO Change
Executive Compensation
- Ravi Thanawala has been promoted to Chief Financial Officer and President, North America, effective November 18, 2025, and will lead the Company's North American business, including restaurant operations and development strategies, in addition to his CFO responsibilities.
- In connection with his promotion, Mr. Thanawala's annual base salary increased to $700,000 (from $675,000), and his annual cash incentive target opportunity increased to 100% of base salary (from 75%).
- Joe Sieve, Chief Restaurant and Global Development Officer, departed the Company effective November 17, 2025.
- Chris Lyn-Sue has been promoted to Senior Vice President, General Manager of International, and will now lead the Company's International business.
Nov 18, 2025, 12:29 PM
Papa John's Reports Flat Q3 Revenue and Lowers 2025 Outlook
PZZA
Earnings
Guidance Update
Demand Weakening
- Papa John's International reported flat revenue of approximately $508 million in Q3 2025, missing analyst expectations, with earnings per share at $0.32, below the consensus estimate of $0.41.
- North American sales declined 3% due to softer consumer demand and increased competition, while international comparable sales rose 7%, contributing to a 2% system-wide restaurant sales growth.
- The company lowered its full-year guidance, now expecting system-wide sales growth of 1% to 2%, a decline in North American comparable sales by 2% to 2.5%, and an increase in international comparable sales of 5% to 6%.
- Net income fell sharply to $4 million from $42 million year-over-year, and the operating margin dropped significantly to 3.2% in Q3 2025 from 12.9% in the prior year quarter.
- Papa John's plans to implement cost-cutting measures to save $25 million through administrative efficiencies and $50 million from supply chain improvements, while opening 45 new restaurants in the quarter.
Nov 7, 2025, 12:41 AM
Papa John's Reports Q3 2025 Results with Mixed Sales Performance and Strategic Investments
PZZA
Earnings
New Projects/Investments
Demand Weakening
- Papa John's reported global system-wide restaurant sales of $1.21 billion in Q3 2025, an increase of 2% in constant currency. This was driven by a 7.1% increase in international comparable sales, which offset a 2.7% decrease in North America comparable sales.
- Total consolidated revenue for the quarter was essentially flat at $508 million, and consolidated adjusted EBITDA declined slightly to $48 million. This decline was impacted by $4 million in incremental marketing investments and $2 million of higher incentive compensation.
- The company is advancing its technology investments, having launched a modernized first-party digital ordering platform across mobile apps, with a website redesign expected in December.
- PZZA's enhanced loyalty program has reached 40 million total accounts, adding almost 1 million new members in the last three months, leading to increased Papa Dough redemptions and higher order frequency.
- Looking ahead, the company expects to achieve at least $25 million in G&A savings over the next two years, with approximately half anticipated in 2026, and $20 million in supply chain savings in 2026.
Nov 6, 2025, 1:00 PM
Quarterly earnings call transcripts for PAPA JOHNS INTERNATIONAL.
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