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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.
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.
Papa Johns, the world's third-largest pizza delivery company, has partnered with Loadmill to enhance its software testing capabilities using AI technology. This collaboration aims to improve Papa Johns' digital ordering platforms, store technologies, and dispatch applications, ensuring a flawless customer experience and faster feature delivery.
Loadmill's AI-powered API testing will help Papa Johns accelerate innovation while maintaining high quality standards. The partnership focuses on creating a robust, interconnected testing framework for Papa Johns' entire ecosystem, enabling quicker deployment of updates and superior user experiences.
Papa Johns (Nasdaq: PZZA) reported its Q2 2024 financial results, showing a 1% decrease in total revenues to $508 million. North America comparable sales declined 4%, while International sales remained flat. The company experienced 31 net unit closures, primarily due to strategic International closures. Global system-wide restaurant sales decreased by 1% to $1.20 billion. Operating income fell 19% to $28 million, but Adjusted operating income rose 4% to $38 million. Diluted earnings per share decreased to $0.37 from $0.54 in Q2 2023, while Adjusted diluted EPS increased slightly to $0.61. The company is focusing on improving customer experiences, strengthening its restaurant economic model, and evolving its marketing strategy to meet consumer value expectations.
Papa Johns International, Inc. (NASDAQ: PZZA) has appointed Todd Penegor as President and Chief Executive Officer, effective immediately. Penegor, former CEO of Wendy's, brings 20 years of experience in the restaurant and consumer goods industries. During his tenure at Wendy's, the company achieved substantial growth in sales, earnings, and restaurant count, expanding to over 7,000 locations worldwide.
Penegor succeeds Ravi Thanawala, who served as Interim CEO since March 2024 and will continue as Chief Financial Officer. The appointment concludes an extensive search for a leader to accelerate Papa Johns' growth and unlock the brand's full potential. Penegor aims to enhance customer experiences and capitalize on Papa Johns' differentiated market position in the QSR space.
Papa John's International (NASDAQ: PZZA) has announced a quarterly dividend of $0.46 per common share. The dividend will be payable on August 30, 2024, to shareholders of record as of the close of business on August 19, 2024. At this rate, the annual dividend equates to $1.84 per common share. This announcement demonstrates Papa John's commitment to returning value to its shareholders through regular dividend payments.
Papa Johns (Nasdaq: PZZA) will release its 2024 second quarter financial results on August 8, 2024, before the market opens. A conference call to discuss the results will follow at 8:00 a.m. ET, featuring Interim CEO and CFO Ravi Thanawala and VP of Investor Relations Stacy Frole. Participants can register for the call on the investor relations section of the Papa Johns website. The webcast replay will be available two hours after the call and archived online.
Papa Johns announces the return of its Cheesy Burger Pizza this summer, a highly requested item by over 500,000 fans. The pizza, featuring fresh dough, burger sauce, beef, tomato, dill pickle, mozzarella cheese, garlic sauce, and pepperoncini, will be available for $10 for the first 500,000 orders.
The Cheesy Burger Pizza and its variants, Cheesy Burger Papadia and Cheesy Burger Papa Bites, will be accessible to Papa Rewards members from June 10 and to all customers from June 13, priced at $6.99 and $4.99 respectively.
Fans can also win free slices and participate in promotions via www.theyforgotthepizza.com.
Papa John's International, Inc. announced financial results for Q1 2024, with North America comparable sales down 2% and International down 3%. Total revenues were $514 million, operating income decreased 11%, but adjusted operating income increased 10%. Diluted earnings per share was $0.44. Papa Johns aims for sustainable growth with Back to Better 2.0 and International Transformation initiatives.
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