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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 has celebrated a significant milestone by registering its 20 millionth member in the Papa Rewards® loyalty program, which has seen rapid growth since early 2020. The program has become vital for customer engagement, accounting for nearly half of the brand's sales in 2021. Customers earn one point per dollar spent and can redeem points for rewards. The company aims to enhance customer experience with ongoing innovations and customizable offerings. More details about the program can be found on Papa John’s website.
Papa John's International, Inc. (NASDAQ: PZZA) has announced an ambitious expansion into Germany, planning to open 250 new restaurants over the next seven years in partnership with PJ Western Group. The first seven locations have opened in Magdeburg and Leipzig, with an additional six planned in Halle and Merseburg by summer's end. This expansion follows a record year of sales and aims to capitalize on growing international markets. PJ Western is also actively seeking new franchisees to support this growth.
Papa John’s (PZZA) has entered an agreement with Starboard Value LP to repurchase and convert all Series B Convertible Preferred Shares held by Starboard. This transaction, expected to close on May 13, 2021, involves a one-time payment of $183.9 million and will result in an increase of approximately 3.5 million shares of common stock, leading to a pro forma EPS increase of $0.09. Additionally, the 3.6% dividend associated with the Preferred Shares will be eliminated, enhancing shareholder value. Starboard will retain a 9.5% stake post-transaction.
Papa John’s International (NASDAQ: PZZA) reported a strong performance for Q1 2021, with total revenues of $511.7 million, marking a 24.9% increase year-over-year. Comparable sales surged 26.2% in North America and 23.2% internationally, fueled by menu innovations like the new Epic Stuffed Crust pizza. Earnings per diluted share rose to $0.82 from $0.15, with adjusted earnings at $0.90. The company achieved 68 new unit openings, expanding to 50 countries. Free cash flow at $52.7 million underscores strong operational cash generation.
Papa John’s International, Inc. (NASDAQ: PZZA) announced a quarterly dividend of $0.225 per common share, payable on May 21, 2021, to shareholders of record by May 11, 2021. This establishes an annual dividend of $0.90 per common share. The declaration reflects the company's ongoing commitment to returning value to shareholders while navigating potential risks as outlined in its 10-K report, emphasizing the importance of staying informed on risk factors.
Papa John's International, Inc. (NASDAQ: PZZA) is set to release its first quarter 2021 financial results on May 6, 2021, prior to market opening. A conference call will follow at 8:00 a.m. ET for investors to discuss the results. The company emphasizes its commitment to quality with a focus on fresh ingredients, including real cheese and vine-ripened tomatoes. As of December 27, 2020, it operates 5,400 restaurants globally, making it the third largest pizza delivery chain.
Papa John's International, Inc. (NASDAQ: PZZA) announces the opening of 15 new restaurants in Cambodia within the next three years, starting with a flagship location in Phnom Penh. Franchisee Peter Xu, formerly successful in New York City, aims to deliver quality pizza backed by the company's promise of BETTER INGREDIENTS. BETTER PIZZA. COO Jack Swaysland highlights this expansion as crucial for international growth, following a record year of sales. The brand currently operates in 48 countries and seeks to expand further in Brazil, Japan, and Southeast Asia.
Papa John’s International reported a 12.5% revenue increase, reaching $469.8 million in Q4 2020 compared to 2019. Comparable sales rose 13.5% in North America and 21.4% internationally. The company swung to a net income of $13.2 million or $0.28 per diluted share, improving from a loss of ($2.1 million) or ($0.18) per share last year. Full-year revenues were $1.8 billion, reflecting a 12.0% increase. Cash flow from operations surged $186.4 million, while free cash flow reached $137.1 million.
Papa John's International, Inc. (NASDAQ: PZZA) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, before market opening. A conference call will follow at 8:00 a.m. ET to discuss these results. Investors can join the live webcast at ir.papajohns.com or dial 877-312-8816 (U.S. and Canada). The company emphasizes high-quality ingredients, contributing to its reputation as the world’s third-largest pizza delivery chain, with 5,360 restaurants across 48 countries.
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