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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 launched its new Football Pizza, designed for sports fans to enjoy during the football season. This innovative product features a crispy thin crust topped with signature pepperoni, shaped like a football, and priced at $10.99. Available nationally starting August 29, the Football Pizza aims to enhance game day celebrations. The launch follows the introduction of Papa Bowls. According to a recent survey, pepperoni is a top preferred topping among football fans.
Papa Johns has launched a new menu category, Papa Bowls, featuring their signature toppings without the crust. Available in three flavors – Italian Meats Trio, Chicken Alfredo, and Garden Veggie – these bowls are designed to appeal to customers craving a different pizza experience. The bowls will be available for Papa Rewards members starting August 15 and to the general public from August 22, each priced at $7.99. This release marks the company's continued focus on menu innovation, adding to previous offerings like the Epic Pepperoni-Stuffed Crust Pizza.
Papa John's International (NASDAQ: PZZA) reported Q2 2022 revenues of $522.7 million, up 1.5% year-over-year. Excluding refranchising effects, revenue growth was 5.2%. North America comparable sales increased 0.9%, while international sales fell 8.0%. The net income was $25.4 million, down from $32.3 million the previous year, with diluted earnings per share at $0.70. A 20% dividend hike to $1.68 annually was announced. Despite challenges from inflation and a contracting UK market, management remains optimistic about long-term growth through innovation and market share expansion.
Papa John's International, Inc. (NASDAQ: PZZA) will host its quarterly conference call on August 4 at 8:00 a.m. ET to discuss second-quarter earnings for 2022. Key participants will include CEO Rob Lynch and CFO Ann Gugino. Interested investors can register online at ir.papajohns.com/events-presentations. The company, renowned for its commitment to quality ingredients, operates over 5,500 restaurants globally, making it the third-largest pizza delivery chain.
Papa John's International (NASDAQ: PZZA) reported a 6.0% increase in revenues to $542.7 million for Q1 2022, with global system-wide sales of $1.3 billion, up 5.3%. Comparable sales rose 1.9% in North America and 0.8% internationally, following strong prior year gains. Earnings per diluted share hit $0.29, while adjusted EPS improved to $0.95. The company raised its restaurant growth outlook to 280-320 new units for 2022 and announced a long-term goal of opening 1,400-1,800 new locations by 2025. Despite inflationary pressures, Papa John's maintains positive momentum in unit growth and sales.
Papa John’s announced a quarterly dividend of $0.35 per common share, payable on May 27, 2022, to shareholders of record on May 16, 2022. This dividend reflects an annualized rate of $1.40 per share. The press release includes forward-looking statements that may involve risks and uncertainties, which could affect future results. For detailed risk factors, shareholders are directed to review the Company's Annual Report on Form 10-K for the fiscal year ended December 26, 2021.
Papa John’s International, Inc. (NASDAQ: PZZA) announces the retirement of Chief Operating Officer, International, Jack Swaysland. Amanda Clark is promoted to Chief International and Development Officer, overseeing both international strategy and global development. Liz Williams is appointed as Chief International Operations Officer, taking over Swaysland's responsibilities. Clark has driven significant growth, including the largest development deal in pizza history to open 1,350 stores in South China by 2040, increasing the global unit count by 25%. Both appointments are effective May 2, 2022.
Delta Apparel appoints Sonya E. Medina to its Board of Directors, enhancing its governance with her extensive experience in multi-industry roles and corporate social responsibility. Medina's background includes over 22 years in various sectors, including her time as a White House Commissioned Officer and leadership in Fortune 100 companies. She is recognized for her contributions to sustainability and brand management. Delta Apparel’s CEO, Robert W. Humphreys, expressed confidence that Medina's insights will benefit the company and its shareholders.
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