Welcome to our dedicated page for Papa Johns Intl news (Ticker: PZZA), a resource for investors and traders seeking the latest updates and insights on Papa Johns Intl stock.
Papa John's International Inc. reports news on a global pizza restaurant system built around company-owned restaurants, franchised restaurants, North America commissaries, and international operations. Company updates commonly cover system-wide restaurant sales, comparable sales in North America and international markets, restaurant openings, earnings releases, dividend declarations, and refranchising activity.
Recurring announcements also include Papa Johns menu and digital-commerce initiatives, such as new product categories, limited-time promotions, the Papa Rewards and Papa Dough loyalty programs, mobile-app ordering features, and brand collaborations tied to the company’s delivery and carryout business.
Papa John's has launched a new chorizo pizza range inspired by space, marking the world's first space-flavored pizza. This innovative product is part of a broader marketing campaign across multiple countries including China and Germany. The campaign is notably linked to the chorizo's journey into space with astronaut Pedro Duque in 1998. Supported by a multi-channel global marketing effort, the range aims to enhance the brand's commitment to quality ingredients. Additionally, a limited-edition chorizo-style lipstick has been introduced to celebrate this unique offering.
MTN DEW and NBA 2K23 launched a Player's Pack Bundle at Papa Johns, timed with the game's release on September 9, 2022. Fans purchasing a large 3-topping pizza and two 20 oz. MTN DEW can unlock exclusive in-game perks and a chance to win up to a million dollars' worth of swag. The bundle includes 200,000 unique locker codes featuring player packs, Emerald Tier Cards, and MyPLAYER Skill Boosts. The offer starts at $17.99 and runs until October 14, 2022. Shaquille O'Neal promoted the initiative, enhancing engagement with fans in the gaming community.
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Papa Johns has launched its new Football Pizza, designed for sports fans to enjoy during the football season. This innovative product features a crispy thin crust topped with signature pepperoni, shaped like a football, and priced at $10.99. Available nationally starting August 29, the Football Pizza aims to enhance game day celebrations. The launch follows the introduction of Papa Bowls. According to a recent survey, pepperoni is a top preferred topping among football fans.
Papa Johns has launched a new menu category, Papa Bowls, featuring their signature toppings without the crust. Available in three flavors – Italian Meats Trio, Chicken Alfredo, and Garden Veggie – these bowls are designed to appeal to customers craving a different pizza experience. The bowls will be available for Papa Rewards members starting August 15 and to the general public from August 22, each priced at $7.99. This release marks the company's continued focus on menu innovation, adding to previous offerings like the Epic Pepperoni-Stuffed Crust Pizza.
Papa John's International (NASDAQ: PZZA) reported Q2 2022 revenues of $522.7 million, up 1.5% year-over-year. Excluding refranchising effects, revenue growth was 5.2%. North America comparable sales increased 0.9%, while international sales fell 8.0%. The net income was $25.4 million, down from $32.3 million the previous year, with diluted earnings per share at $0.70. A 20% dividend hike to $1.68 annually was announced. Despite challenges from inflation and a contracting UK market, management remains optimistic about long-term growth through innovation and market share expansion.
Papa John's International, Inc. (NASDAQ: PZZA) will host its quarterly conference call on August 4 at 8:00 a.m. ET to discuss second-quarter earnings for 2022. Key participants will include CEO Rob Lynch and CFO Ann Gugino. Interested investors can register online at ir.papajohns.com/events-presentations. The company, renowned for its commitment to quality ingredients, operates over 5,500 restaurants globally, making it the third-largest pizza delivery chain.
Papa John's International (NASDAQ: PZZA) reported a 6.0% increase in revenues to $542.7 million for Q1 2022, with global system-wide sales of $1.3 billion, up 5.3%. Comparable sales rose 1.9% in North America and 0.8% internationally, following strong prior year gains. Earnings per diluted share hit $0.29, while adjusted EPS improved to $0.95. The company raised its restaurant growth outlook to 280-320 new units for 2022 and announced a long-term goal of opening 1,400-1,800 new locations by 2025. Despite inflationary pressures, Papa John's maintains positive momentum in unit growth and sales.
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Papa John’s announced a quarterly dividend of $0.35 per common share, payable on May 27, 2022, to shareholders of record on May 16, 2022. This dividend reflects an annualized rate of $1.40 per share. The press release includes forward-looking statements that may involve risks and uncertainties, which could affect future results. For detailed risk factors, shareholders are directed to review the Company's Annual Report on Form 10-K for the fiscal year ended December 26, 2021.