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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 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.
Papa John's International, Inc. (NASDAQ: PZZA) will hold its quarterly conference call on February 23, 2023, at 8:00 a.m. ET to discuss its 2022 fourth-quarter and full-year earnings. Participants will include CEO Rob Lynch, CFO Ann Gugino, and VP of Investor Relations Stacy Frole. Interested parties can register online at ir.papajohns.com/events-presentations. A replay of the call will be available two hours post-event. Papa John's, established in 1984, prides itself on high-quality ingredients and operates over 5,500 locations worldwide.
Papa John’s International (NASDAQ: PZZA) reported Q3 2022 revenues of $511 million, down slightly from the previous year. Comparable sales in North America decreased by less than 1%, while international sales fell by 10%. The company opened 18 net new units and expects a total of 240-260 for the year. Earnings per share (EPS) came in at $0.23, a decrease from $0.79 a year ago. Operating income dropped significantly to $19.5 million, attributed to rising commodity and labor costs. Despite challenges, management remains optimistic about future growth opportunities.
Papa John’s has declared a quarterly dividend of $0.42 per common share, which will be payable on November 25, 2022, to shareholders of record by the close of business on November 14, 2022. This annualizes to $1.68 per share. The announcement highlights the company’s commitment to returning value to shareholders while maintaining a focus on quality ingredients in its pizza offerings, continuing their legacy as a prominent player in the pizza industry with over 5,500 locations worldwide.
Papa Johns has launched a Halloween campaign featuring the Stranger Bling necklace, inspired by its iconic Special Garlic Dipping Sauce. This unique piece of jewellery, forged in oxidised 925 sterling silver, showcases craftsmanship and serves as a homage to 80s horror classics, particularly the brand's Jack! film series. The campaign runs globally across selected markets, with the necklace available for purchase through Black Feather Design. This multi-channel initiative aims to resonate with fans and amplify brand nostalgia.
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