Papa Johns Q4 2025 profit falls as depreciation and G&A rise

Papa Johns International reported a notable fall in profit for the fourth quarter (Q4) and full year 2025 (FY25), despite annual revenue holding steady. Net income for the quarter that ended on 28 December 2025 declined to $8.6m from $14.96m a year earlier. The company linked the drop to higher depreciation and amortisation (D&A) charges, including $12.3m of accelerated depreciation expense tied to retiring “legacy technology platforms”, and higher general and administrative (G&A) expenses. The pizza c ...