Papa Johns International Inc reported results for the quarter ended 2026 with revenue of $482.4M and diluted EPS of $0.24, down versus the prior-year quarter as domestic comparable sales declined and refranchising activity reduced company revenues.
Financial Highlights
| MetricCurrent quarterPrior year quarterYoY change | Revenue¹$482.4M$529.17M(8.8%) | Net income²$8.1M$9.27M(12.5%) | Diluted EPS³$0.24$0.28(14.3%) |
¹ Reported as “Total revenues”. ² Reported as “Net income attributable to common shareholders”. ³ Reported as “Diluted earnings per common share”.
Business Highlights
- Total revenues were down roughly 8.8% quarter-to-date and about 8.3% year-to-date, driven by lower Domestic comparable sales and the impact of refranchising.
- Majority of sales continue to be digital; the company launched an omnichannel platform and new mobile apps and is piloting a new POS with full deployment targeted by end of 2027.
- Marketing initiatives include re-establishing a local Co-op program, refining the national/local media mix, emphasizing value messaging and limited-time promotions.
- As part of an Enterprise Transformation Plan, Papa Johns is reducing corporate headcount by about 7%, planning restaurant closures and estimating $24–31M of restructuring charges.
- Supply-chain and development priorities include targeting at least $60M in North America supply chain savings over two years, slower North America openings, and a stronger international development pipeline.
Original SEC Filing:
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