Welcome to our dedicated page for Papa John's International news (Ticker: PZZA), a resource for investors and traders seeking the latest updates and insights on Papa John's International stock.
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, 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.
Papa John's International, Inc. (NASDAQ: PZZA) has declared a quarterly dividend of $0.46 per common share, with an annual dividend equivalent to $1.84 per common share. The dividend is payable on May 31, 2024, to shareholders of record on May 20, 2024.
Papa John's International, Inc. announced the promotion of Kurt Milburn to Chief Supply Chain Officer, replacing Shane Hutchins who is retiring after 26 years with the company. Milburn brings extensive experience in supply chain and engineering from his previous roles at Scotts Miracle-Gro Company, General Electric, and General Motors. Milburn will oversee Papa Johns Food Service operations and report to interim CEO Ravi Thanawala.
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