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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 John's International, Inc. (NASDAQ: PZZA) is set to announce its third quarter 2021 financial results on November 4, 2021, before the market opens. A conference call will take place at 8:00 a.m. ET to discuss these results, accessible via live webcast. The company, headquartered in Louisville, Ky., emphasizes high-quality ingredients and maintains a presence in over 5,500 restaurants across 49 countries. The earnings announcement could provide insights into the company's financial health and strategic direction.
Papa John’s International (NASDAQ: PZZA) has declared a quarterly dividend of $0.35 per share, payable on November 19, 2021, to shareholders of record by the close of business on November 9, 2021. This annualizes to $1.40 per share. The announcement reaffirms the company's commitment to returning value to its shareholders amid ongoing market conditions.
Papa John’s is launching 'BaconMania', featuring three limited-time bacon-infused menu items: Triple Bacon Pizza, Smoky Bacon Parmesan Crusted Papadia, and Bacon Jalapeño Popper Rolls. Exclusive tastings for Papa Rewards members begin now, with nationwide availability starting
Papa John's International, Inc. (NASDAQ: PZZA) has promoted Max Wetzel to EVP, Chief Commercial Officer, overseeing expanded responsibilities including North America restaurant operations and technology. Wetzel, who joined in November 2019, previously managed marketing and customer experience initiatives. President and CEO Rob Lynch noted the company has shifted from a turnaround phase to a growth-focused business. Innovations under Wetzel's leadership include the Epic Stuffed Crust and the Shaq-a-roni campaign, contributing to customer loyalty growth and data-driven decision-making.
Papa John's International, Inc. (NASDAQ: PZZA) has signed a monumental franchisee development agreement with Sun Holdings, committing to open 100 new stores in Texas by 2029. This marks the largest domestic franchise agreement in the company's history, reflecting strong franchisee interest and momentum. Founded by Guillermo Perales, Sun Holdings operates over 1,000 locations across 12 states and has created over 22,000 jobs, showcasing its robust market presence. The partnership aims to enhance growth opportunities for Papa John's in a key market.
Papa John’s International has successfully completed a $400 million senior notes offering with a 3.875% coupon due 2029, enhancing its financial flexibility. Additionally, the company amended its credit facility, increasing it to $600 million and extending its term by five years. The proceeds will be used to repay existing debt, aligning its balance sheet with growth initiatives. Notable moves include raising the annual dividend by 56% to $1.40 per share and authorizing a $75 million share repurchase program.
Papa John’s plans to offer up to $400 million in senior notes due 2029, seeking to enhance its financial position. The private offering, exempt from Securities Act registration, will be guaranteed by current and future domestic subsidiaries. Concurrently, the company will amend its credit agreement with JPMorgan Chase Bank, increasing its revolving credit facility to $600 million and extending the maturity by five years. The proceeds will be used to repay existing borrowings. However, the completion of these offerings is not guaranteed.
Papa John’s is bringing back the popular Shaq-a-Roni pizza, developed in partnership with board member Shaquille O’Neal. Available exclusively to Papa Rewards members starting today and to the public on August 23, the pizza costs $13 with $1 from each sale donated to The Papa John’s Foundation until October 24. The previous campaign raised over $3.6 million for charitable partners. This year, the focus also includes partnerships with organizations like Boys & Girls Clubs of America and UNCF, enhancing community support.
Papa John’s has reintroduced its popular Shaq-a-Roni pizza, created alongside board member Shaquille O’Neal. Available for a limited time, the pizza features extra cheese and pepperoni, with a portion of the proceeds going to The Papa John’s Foundation for Building Community until October 24. The campaign aims to support local organizations, building on last year’s success which raised over $3.6 million. The Shaq-a-Roni will be available to the public starting August 23, at a price of $13, with $1 donated for every pizza sold.
Papa John’s International reported a strong financial performance for Q2 2021, with revenues rising 11.8% year-over-year to $515 million. North America comparable sales grew 5.2%, while international sales surged 21.2%. Although the company faced a diluted loss per share of ($2.30) due to special items, adjusted EPS improved to $0.93. Cash flow from operations reached $128 million, contributing to a free cash flow of $100 million. The company announced a 56% increase in annual dividends to $1.40 per share, reflecting confidence in long-term growth.
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