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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 Johns, in collaboration with PepsiCo Foodservice, is introducing the Doritos® Cool Ranch® Papadia, expanding its Papadia lineup. This new flatbread-style sandwich combines signature dough with Doritos® Cool Ranch® flavor, available in chicken, beef, or steak. It will be available exclusively for Papa Rewards members starting May 1 and nationwide from May 4 through July 23, 2023, priced at $7.99. This innovation follows recent menu updates, including the Crispy Parm Pizza and Pepperoni Crusted Papadia. The company aims to enhance flavor exploration and customer experience through this limited-time offering.
Papa John’s International (NASDAQ: PZZA) has declared a quarterly dividend of $0.42 per common share, payable on May 26, 2023, to shareholders of record by May 15, 2023. This positions the annual dividend at $1.68 per share. The company emphasizes its commitment to quality, utilizing fresh ingredients and eliminating artificial flavors and synthetic colors from its menu. With over 5,700 restaurants across approximately 50 countries, Papa John’s stands as the world’s third-largest pizza delivery chain.
For more details, visit www.PapaJohns.com.
Papa John's International, Inc. (NASDAQ: PZZA) has announced a significant expansion into India in partnership with PJP Investments Group, aiming to open 650 restaurants by 2033. The first location is set to debut in Bangalore in 2024. This venture targets India's large and growing middle class, enhancing Papa John's global presence. PJP, which has over 100 locations across the UAE, Saudi Arabia, and Jordan, plans to operate nearly 1,000 restaurants within ten years. The partnership emphasizes high-quality ingredients and superior pizza experiences, aligning with the company's mission of 'Better Ingredients. Better Pizza.'
Papa John's International, Inc. (NASDAQ: PZZA) is set to release its first quarter financial results on May 4, 2023, before the market opens. A conference call to discuss these results will take place at 8:00 a.m. ET. Participants can register for the call at ir.papajohns.com/events-presentations. Papa John's, co-headquartered in Atlanta, GA and Louisville, KY, is committed to high-quality ingredients and operates over 5,700 restaurants globally, maintaining its position as the world's third-largest pizza delivery chain.
Papa John's International, Inc. (NASDAQ: PZZA) announced significant leadership changes and a stock repurchase agreement. Jeff Smith resigned as the Board Chair, with Christopher Coleman appointed as the new independent Chair. The company will repurchase 2,176,928 shares from Starboard Value at $82.52 per share, reflecting a 4% discount to the recent closing price. This repurchase is part of an ongoing authorization of $425 million, with around $90 million remaining. Since 2020, Papa John's has repurchased over $410 million in shares, enhancing shareholder value and reducing outstanding shares.
Papa John's International, Inc. (NASDAQ: PZZA) reported its Q4 and full year 2022 financial results, highlighting a 3% increase in global system-wide restaurant sales to $1.20 billion in Q4 and $4.84 billion for the year. North America comparable sales rose 1%, marking the third consecutive year of growth. However, total revenues for Q4 dipped slightly to $526 million, a decrease of $3 million from 2021. Adjusted diluted EPS fell to $0.71 from $0.75 a year earlier, while full-year EPS reached $1.89 versus $0.12 in 2021. The company opened 117 units in Q4, driving a total of 244 unit openings for the year. Looking ahead, Papa John's plans to enhance customer experience through product and digital innovations.
Papa John's International, Inc. (NASDAQ: PZZA) has appointed Madeline Chadwick as Chief Corporate Affairs Officer, effective immediately. Chadwick, who joined the company in 2018, has previously transformed communications and corporate affairs at Papa John's. Under her leadership, the company launched The Papa John's Foundation for Building Community, donating nearly $9 million to community organizations since 2020. Chadwick brings over 20 years of experience, having also worked with prominent firms like eBay and Hewlett Packard. She will continue reporting to President & CEO Rob Lynch and serve on the Executive Leadership Team.
Papa Johns has launched a new product, the Crispy Parm Pizza, featuring parmesan cheese baked into the bottom crust. This innovation exemplifies the company's commitment to product development. The pizza will be available exclusively for Papa Rewards members starting January 30 and for all customers on February 2, coinciding with National Pizza Day. The retail price for a one-topping Crispy Parm Pizza is $12.99. The introduction of this pizza follows other recent menu items, including Papa Bowls and Papa Bites. This initiative aims to enhance customization for consumers while continuing to emphasize quality ingredients.
Papa John’s International (NASDAQ: PZZA) has declared a quarterly dividend of $0.42 per share, payable on February 17, 2023, to shareholders on record as of February 6, 2023. This amounts to an annual dividend of $1.68 per share. The company, founded in 1984, emphasizes high-quality ingredients and is the third-largest pizza delivery company globally, operating over 5,500 restaurants in 47 countries. Papa John’s is committed to removing artificial flavors and synthetic colors from its menu, reinforcing its brand promise of BETTER INGREDIENTS. BETTER PIZZA.
Papa Johns has unveiled a new international restaurant design that emphasizes its commitment to premium ingredients, enhancing customer experience in a warm, inviting atmosphere. The modernized design incorporates colors and decor reflecting the brand's identity, aimed at creating a flexible environment for both dine-in and delivery services. The first restaurant featuring the new design opened in Hubei, China, with additional locations under renovation in Jordan, UAE, Saudi Arabia, and Kenya. This initiative reinforces Papa Johns' premium positioning in the QSR pizza sector, aiming to attract new franchise partners and delight customers.
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