Papa John's International, Inc.

NASDAQ•PZZA

CEO: Mr. Ravi Thanawala

Sector: Consumer Cyclical

Industry: Restaurants

Listing Date: 1993-06-08

Papa John's International, Inc. operates and franchises pizza delivery and carryout restaurants under the Papa John's trademark in the United States and internationally. The company operates through four segments: Domestic Company-Owned Restaurants, North America Commissaries, North America Franchising, and International Operations. It also operates dine-in and delivery restaurants under the Papa John's trademark internationally. Papa John's International, Inc. was founded in 1984 and is based in Louisville, Kentucky.

Contact Information

2002 Papa John’s Boulevard, Louisville, KY, 40299-2367, United States

502-261-7272

www.papajohns.com/international

Market Cap

$1.05B

P/E (TTM)

34.4

65.4

Dividend Yield

5.8%

52W High

$55.74

52W Low

$30.16

52W Range

Rank32Top 23.6%

4.9

F-Score

Modified Piotroski Analysis

Based on 10-year fundamentals

Average • 4.9 / 9 points

Scoring Range (0-9)

8-9: Excellent Value

6-7: Strong Fundamentals

4-5: Average Quality

0-3: Weak Performance

Data Period: 2016-2025

Financial Dashboard

Q4 2025 Data

Revenue

$498.18M+0.00%

4-Quarter Trend

EPS

$0.21+0.00%

4-Quarter Trend

FCF

$5.87M+0.00%

4-Quarter Trend

2025 Annual Earnings Highlights

Key Highlights

Total Revenues Stable Total Revenues $2.054B, down 0.3%; Franchise Royalties $191.0M, up 2.1% despite domestic sales pressure.

Net Income Significantly Lower Net Income attributable to Company $30.5M, a decrease of $53.0M compared to prior period results.

Cash Flow Performance Improved Operating Cash Flow $126.0M, an increase of $19.4M; Free Cash Flow reached $61.3M, up $27.2M.

System-Wide Unit Growth Full year net restaurant growth reached 53 units, ending period with 6,083 total restaurants globally.

Risk Factors

Domestic Sales Decline Domestic Company-owned comparable sales declined 3.3% driven by lower transaction volumes and intense competition.

Transformation Cost Exposure Enterprise Transformation Plan incurred $7.7M charge; future restructuring costs estimated between $24M and $31M.

Commodity Cost Pressures Cost of Sales decreased 1.2%, but ongoing commodity volatility and inflation pressure future profitability.

Geopolitical and Currency Risks International operations face risks from geopolitical conflicts and foreign currency fluctuations impacting revenue translation.

Outlook

Expense Structure Optimization Identify at least $25M in savings from expense structure review across fiscal years 2026 and 2027.

Supply Chain Savings Target Target achieving $60M in North America systemwide supply chain savings over next two years for margin improvement.

Omnichannel Platform Rollout Plan to complete full omnichannel platform rollout and retire legacy technology assets by the end of 2026.

Accelerate Refranchising Program Continue strategic acceleration of Domestic refranchising to fund transformation initiatives and support franchisee growth.

Peer Comparison

Revenue (TTM)

KSS

$15.75B

-6.1%

ARCO

$4.56B

+1.2%

MODG

$3.50B

-17.3%

Gross Margin (Latest Quarter)

MCW

62.5%

+12.1pp

TRIP

59.1%

+1.4pp

MCRI

55.3%

-8.6pp

Key Metrics

Symbol	Market Cap	P/E (TTM)	ROE (TTM)	Debt to Assets
MODG	$2.70B	-44.6	-2.5%	65.9%
MCW	$2.33B	22.6	9.5%	30.7%
BLBD	$1.82B	14.1	55.3%	13.9%

Long-Term Trends

Last 4 Quarters

Revenue

Net Income

Operating Cash Flow

4Q Revenue CAGR

-1.3%

Flat Growth

4Q Net Income CAGR

-8.5%

Declining Profitability

Cash Flow Stability

100%

Strong Cash Flow

Deep Research

Next earnings:Apr 30, 2026

EPS:$0.37

Revenue:$486.03M

Financials

Earnings Calls

Reports

News

Income Statement

Balance Sheet

Cash Flow Statement

Ratios

% Chg.

Income Statement	LTM

No Data