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Papa John's International, Inc. (NASDAQ: PZZA) is a globally recognized leader in the quick-service restaurant (QSR) pizza market, ranking as the fourth-largest limited-service pizza chain in both the United States and worldwide. With over 5,900 restaurants spread across nearly 50 countries by the end of 2023, Papa John's has established a strong international presence, notably in the United Kingdom, China, South Korea, and Chile.
The company primarily operates through a franchised system, with 11% of its restaurants being company-owned. Papa John's generates revenue through various channels including franchise royalties, direct sales of pizza and related products at its company-owned stores, and sales from its extensive commissary supply chain.
Papa John's is committed to delivering high-quality products and services. Their philosophy is encapsulated in the phrase: 'Better Ingredients. Better Pizza.' The company's success is built on the entrepreneurial spirit and dedication of its team members. Papa John's emphasizes hands-on training, career advancement opportunities, and a supportive work environment, which contribute to producing top-notch pizza and fostering a strong team culture.
At Papa John's, team members (not employees) are viewed as the cornerstone of the company's operations. Whether working at the corporate campus, distribution centers, restaurants, or international locations, every team member plays a vital role in delivering exceptional customer experiences. The company is also an equal opportunity employer, offering excellent career opportunities and promoting from within whenever possible.
In recent years, Papa John's has continued to innovate and expand. The company's strategic partnerships, new menu offerings, and commitment to quality have bolstered its market position. Financially, Papa John's remains robust, leveraging its franchise model and supply chain efficiency to drive growth.
For more information on the latest updates and relevant information about Papa John's International, Inc., visit our news section below.
Papa Johns and Aviation American Gin have partnered to create the 'Cini Tini', a unique cocktail combining Papa Johns' signature pepperoncini with Aviation American Gin. The drink was unveiled for National Happy Hour Day, featuring a recipe that includes pepperoncini brine and Aviation American Gin. Scott Uehlein, Vice President of Culinary at Papa Johns, emphasized how this innovation combines their iconic pepperoncini with the botanical blend of Aviation Gin. While not available in restaurants, customers can make the cocktail at home using Papa Johns pepperoncini and following the provided six-step recipe.
Papa Johns has appointed Jenna Bromberg as Chief Marketing Officer, effective Nov. 14. Bromberg joins from Carter's Inc., where she served as Vice President of Brand Marketing & Creative, and previously held the position of Director of Core Brand Marketing at Pizza Hut. In her new role, she will lead Papa Johns' marketing strategy, brand development, digital customer experience, and creative initiatives. Reporting to CEO Todd Penegor, Bromberg will focus on elevating the brand through data-driven campaigns and overseeing product innovation to expand market presence.
Papa Johns (Nasdaq: PZZA) reported its Q3 2024 financial results, highlighting a 6% decline in North America comparable sales and a 3% drop in international comparable sales. The company opened 25 net new restaurants, with global system-wide sales down 3% to $1.19 billion. Total revenues fell 3% to $507 million, primarily due to lower international and domestic sales. Operating income surged to $65 million, driven by gains from property sales, while adjusted operating income decreased to $29 million. Diluted EPS rose to $1.27 from $0.48, but adjusted EPS dropped to $0.43 from $0.53. CEO Todd Penegor emphasized strategic initiatives and potential for sustainable growth. The company paid $15.2 million in dividends and declared a Q4 dividend of $0.46 per share.
Papa Johns (Nasdaq: PZZA) has announced a quarterly dividend of $0.46 per common share. The dividend will be paid on November 29, 2024, to shareholders of record as of November 18, 2024. At this quarterly rate, the annual dividend amounts to $1.84 per common share.
Papa Johns (Nasdaq: PZZA) has announced an analyst and investor meeting scheduled for December 12, 2024, in Atlanta. The event will feature President and CEO Todd Penegor sharing insights from his first 100 days at the company and moderating a fireside chat with key leaders.
The meeting, starting at 10:00 am ET, will include prepared remarks from Penegor and CFO Ravi Thanawala, followed by discussions with other executive team members. While no formal financial guidance will be provided, the event will offer a chance to sample Papa Johns products and interact with management.
A live video webcast will be available on the Papa Johns Investor Relations website, with registration required at least 15 minutes before the start. The event is expected to conclude around 12:00 pm ET, with in-person attendance to institutional investors and sell-side analysts.
Papa Johns has announced the return of the Shaq-a-Roni pizza for its 5th year, available for a time in the U.S. This extra-large pizza, created in partnership with Shaquille O'Neal, features Papa Johns' fresh dough, extra cheese, and over 60 pepperonis. For every Shaq-a-Roni sold, Papa Johns donates $1 to The Papa Johns Foundation, which supports youth leadership, entrepreneurship, and combats food insecurity.
Over the past four years, Shaq-a-Roni sales have raised $13.1 million, with more than $4 million invested through the Foundation's Building Community Fund since 2021. This year, the fund is supporting over 250 nonprofit organizations across the U.S., focusing on alleviating child food insecurity. The Shaq-a-Roni will be available to Papa Rewards members from October 14, and to all customers nationally from October 21 for $12.99.
Papa Johns International, Inc. (Nasdaq: PZZA) has announced it will release its third quarter financial results for 2024 before the market opens on Thursday, November 7, 2024. A conference call discussing these results will follow at 8:00 a.m. ET.
Key participants on the call will include Todd Penegor (President and CEO), Ravi Thanawala (CFO and EVP, International), and Stacy Frole (VP of Investor Relations). Those interested in attending the conference call or webcast should register online at ir.papajohns.com/events-presentations, preferably a day in advance or at least 15 minutes before the call starts.
A replay of the webcast will be available approximately two hours after the call and will be archived on the same web page.
PEPSI® launches the 'PEPSI Chase Cars' campaign to promote that pizza tastes #BetterWithPepsi. The brand is offering tens of thousands of FREE pizzas on DoorDash with the purchase of ANY Pepsi from Little Caesars, Papa Johns, Pizza Hut, and Marco's Pizza on September 13, 2024, from 4-10 p.m. ET.
The campaign features humorous stunt videos showing PEPSI Chase Cars ensuring pizza deliveries include a Pepsi. Customers who purchase Pepsi products in 2L or 20 oz. bottles can enjoy a free pizza with minimum order amounts ranging from $30 to $45, depending on the restaurant.
This initiative is part of Pepsi's #BetterWithPepsi platform, aiming to prove that all food, especially pizza, deserves to be paired with Pepsi for optimal enjoyment.
Papa Johns (NASDAQ: PZZA) has announced key leadership changes to drive digital innovation and global growth. Kevin Vasconi joins as Chief Digital and Technology Officer, bringing extensive experience from Wendy's and Domino's. He will lead Papa Johns' digital strategy, focusing on customer-facing, restaurant, and corporate technology.
Additionally, Ravi Thanawala, current CFO, adds EVP, International to his role, overseeing markets outside the U.S. and Canada. Joe Sieve becomes Chief Restaurant and Global Development Officer, managing global development and restaurant operations.
These appointments aim to enhance Papa Johns' digital capabilities, international expansion, and overall operational efficiency in an increasingly competitive QSR landscape.
Papa Johns (NASDAQ: PZZA) has renewed its exclusive beverage partnership with PepsiCo for North American restaurants through a 10-year contract. This extension aims to deliver exceptional value to customers and franchise partners by offering quality products. The partnership will support Papa Johns' marketing efforts through additional investment from Pepsi and encourage North American development expansion through incentives for new store growth. PepsiCo's diverse beverage portfolio, including PEPSI®, MOUNTAIN DEW®, and STARRY®, will be available at Papa Johns restaurants nationwide. This collaboration focuses on deepening customer attachment to beverages with orders and ensuring an exceptional dining experience.
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