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EDMONTON, Alberta, Nov. 12, 2024 (GLOBE NEWSWIRE) -- Papa Johns Canada teams up with Aviation American Gin to shake up National Happy Hour Day – unveiling a pepperoncini gin martini – the ‘Cini Tini. The ‘Cini Tini is more than just a cocktail – it’s a curated experience that captures the essence of both Papa Johns and Aviation American Gin. Set to spice up a cozy fall night by combining the tangy kick of Papa Johns iconic pepperoncini with the smooth and botanical notes of Aviation American Gin. “The peppe ...

Papa John's International, Inc. (NASDAQ:PZZA) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET Company Participants Stacy Frole - Vice President, Investor Relations Todd Penegor - President and Chief Executive Officer Ravi Thanawala - Chief Financial Officer and Executive Vice President, International Conference Call Participants Eric Gonzalez - KeyBanc Capital Markets Brian Bittner - Oppenheimer Andrew Strelzik - BMO Capital Markets Chris O'Coll - Stifel Financial Group Sarah Senatori - Bank of ...

Papa John’s International, Inc. (PZZA) recorded better-than-expected third-quarter fiscal 2024 results, wherein adjusted earnings and revenues topped the Zacks Consensus Estimate. However, the metrics declined on a year-over-year basis.Stay up-to-date with all quarterly releases: See Zacks Earnings Calendar.The year-over-year performance decline was attributable to a decrease in International revenues due to the adverse impact of the U.K. company-owned restaurants and a decrease in Domestic company-owned re ...

Core Insights - Papa John's reported revenue of $506.81 million for the quarter ended September 2024, a decrease of 3.1% year-over-year, with EPS at $0.43 compared to $0.53 in the same quarter last year [1] - The revenue exceeded the Zacks Consensus Estimate of $491.77 million by 3.06%, while the EPS also surpassed the consensus estimate of $0.42 by 2.38% [1] Financial Performance Metrics - The number of company-owned restaurants in the U.S. was 537, slightly below the average estimate of 539 [3] - Total restaurants in North America stood at 3,454, just shy of the 3,455 estimate [3] - Comparable sales growth for North America franchised restaurants was -5.3%, better than the -5.7% estimate [3] - Comparable sales growth for domestic company-owned restaurants was -6.7%, compared to the -6.8% estimate [3] - System-wide restaurants totaled 5,908, exceeding the estimate of 5,899 [3] - Franchised North America restaurants numbered 2,917, matching the estimate [3] - International restaurants totaled 2,454, surpassing the estimate of 2,444 [3] Revenue Breakdown - North America franchise royalties and fees generated $33.02 million, below the estimate of $33.63 million, reflecting a year-over-year decline of 5.8% [3] - International revenues were $33.02 million, slightly below the estimate of $33.18 million, with a significant year-over-year decline of 23.1% [3] - Other revenues reached $60.89 million, exceeding the estimate of $58.92 million, but showing a 3% decline year-over-year [3] - North America commissary revenues were $210.39 million, above the estimate of $195.51 million, marking a year-over-year increase of 2.7% [3] - Domestic company-owned restaurant revenues were $168.67 million, below the estimate of $169.51 million, reflecting a 4.8% decline year-over-year [3] Stock Performance - Papa John's shares have returned +20.7% over the past month, outperforming the Zacks S&P 500 composite's +3.2% change [4] - The stock currently holds a Zacks Rank 3 (Hold), indicating potential performance in line with the broader market in the near term [4]

Papa John's (PZZA) came out with quarterly earnings of $0.43 per share, beating the Zacks Consensus Estimate of $0.42 per share. This compares to earnings of $0.53 per share a year ago. These figures are adjusted for non-recurring items.This quarterly report represents an earnings surprise of 2.38%. A quarter ago, it was expected that this pizza chain would post earnings of $0.51 per share when it actually produced earnings of $0.61, delivering a surprise of 19.61%.Over the last four quarters, the company h ...

Logo.jpg Title of eachclass: Trading Symbol Name of eachexchange onwhichregistered: Common stock, $0.01 par value PZZA The NASDAQ Stock Market LLC UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549 FORM 10-Q (Mark One) x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended September 29, 2024 OR o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 Commission File Number: 0-21660 PAPA J ...

Financial Performance - Total revenues for Q3 2024 were $506.8 million, a decrease of 3.1% compared to $522.8 million in Q3 2023[4] - Global system-wide restaurant sales were $1.19 billion, reflecting a 3% decline from the prior year quarter[5] - Operating income increased to $65.2 million, up from $31.9 million in the same quarter last year, while adjusted operating income decreased by 12.9% to $29.3 million[6] - Diluted earnings per common share rose to $1.27 from $0.48 in Q3 2023, while adjusted diluted earnings per share fell to $0.43 from $0.53[7] - Net income attributable to the Company for the three months ended September 29, 2024, was $41,808,000, up from $15,861,000, representing a 163% increase[28] - Basic earnings per share rose to $1.28, compared to $0.49 in the same quarter last year, marking a 161% increase[28] - Adjusted net income attributable to common shareholders for the nine months ended September 29, 2024, was $56,086,000, compared to $59,938,000 for the same period in 2023, indicating a decline[24] Sales and Comparable Performance - North America comparable sales decreased by 6% year-over-year, with Domestic Company-owned restaurants down 7% and North America franchised restaurants down 5%[1] - Comparable sales for Domestic Company-owned restaurants declined by 6.7% in Q3 2024, compared to a growth of 5.9% in Q3 2023[8] - Domestic company-owned restaurant sales decreased by 4% to $168,672,000 from $177,195,000 year-over-year[28] Cash Flow and Dividends - Free cash flow for the nine months ended September 29, 2024, was $9.0 million, significantly down from $76.0 million in the prior year period[10] - Cash dividends paid in Q3 2024 amounted to $15.2 million, or $0.46 per common share[12] - The Company declared dividends of $0.46 per common share, consistent with the previous year[28] Restaurant Operations and Openings - The company opened 25 net restaurants in Q3 2024, with expectations of over 100 gross openings in North America and 170 to 190 internationally for the fiscal year[1] - As of September 29, 2024, there were 5,908 Papa John's restaurants operating globally, with a net increase of 25 restaurants during the quarter[9] Costs and Expenses - Total costs and expenses decreased to $441,578,000 from $490,944,000, a reduction of approximately 10%[28] - The Company reported a significant increase in depreciation and amortization expenses to $52,528,000 from $46,815,000, reflecting a 12% increase[29] Assets and Liabilities - Total current assets decreased to $215,857,000 as of September 29, 2024, from $231,018,000 at the end of 2023[27] - Total liabilities decreased to $1,275,557,000 as of September 29, 2024, from $1,317,770,000 at the end of 2023[27] - Cash and cash equivalents decreased to $17,550,000 as of September 29, 2024, from $40,587,000 at the end of 2023[27] Challenges and Risks - The company is facing risks related to labor shortages and increased operating costs due to inflation and supply chain disruptions[18] - Future performance may be impacted by economic conditions and potential delays in new restaurant openings domestically and internationally[18] Other Financial Metrics - Net cash provided by operating activities for the nine months ended September 29, 2024, was $55,884,000, down from $126,936,000 in the prior year[29] - The company incurred international restructuring costs of $19,514,000 for the nine months ended September 29, 2024[24] - Total revenues for the three months ended September 29, 2024, were $506,807,000, a decrease of 3% compared to $522,812,000 for the same period in 2023[28]

Papa John's International, Inc. (PZZA) is scheduled to report third-quarter 2024 results on Nov. 7, before the opening bell. In the last reported quarter, its earnings beat the Zacks Consensus Estimate by 19.6%.Papa John's Q3 EstimatesThe Zacks Consensus Estimate for earnings is pegged at 42 cents per share, indicating a decline of 20.8% from the prior-year level. In the past seven days, the consensus estimate for earnings has witnessed upward revisions of 5%. The consensus mark for revenues is pegged at $4 ...

Core Insights - Papa John's has consistently beaten earnings estimates, with an average surprise of 17.56% over the last two quarters [1][2] - The company reported earnings of $0.61 per share for the most recent quarter, exceeding the expected $0.51, resulting in a surprise of 19.61% [2] - Recent estimates for Papa John's have been increasing, indicating a positive outlook for future earnings [3][6] Earnings Performance - For the previous quarter, Papa John's reported $0.67 per share against an expected $0.58, achieving a surprise of 15.52% [2] - The Zacks Earnings ESP for Papa John's is currently +3.41%, suggesting analysts are optimistic about its near-term earnings potential [6] Predictive Metrics - Stocks with a positive Earnings ESP and a Zacks Rank of 3 (Hold) or better have a nearly 70% chance of producing a positive surprise [4] - The Most Accurate Estimate, part of the Earnings ESP, reflects the latest analyst revisions, which may be more accurate than earlier consensus estimates [5] Upcoming Events - Papa John's next earnings report is anticipated to be released on November 7, 2024 [6]