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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 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.
Papa John’s (NASDAQ: PZZA) has expanded its Dough & Degrees program, enabling team members working as few as 10 hours weekly to earn degrees at no cost. Since its 2019 launch, over 60 employees have achieved degrees, supported by $3.5 million in investment. The program now offers high school diplomas, professional certificates, and extensive continuing education courses. By partnering with EdAssist, Papa John's aims to enhance educational access for its workforce, fostering career growth without financial burden.
Papa John's International, Inc. (NASDAQ: PZZA) will hold a quarterly conference call on November 3 at 8:00 a.m. ET to discuss its 2022 third-quarter earnings. The call will feature Rob Lynch, President and CEO; Ann Gugino, CFO; and Stacy Frole, Vice President of Investor Relations. Participants must register in advance to join the call or access the webcast, which will also be archived for later viewing. Founded in 1984, Papa John's emphasizes quality ingredients, making it the third-largest pizza delivery chain globally with over 5,500 locations in 49 countries.
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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