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 John's International, Inc. (NASDAQ: PZZA) has appointed Joe Sieve as its new Chief Restaurant Officer, starting May 2. With over 20 years in the pizza industry, including leadership roles at Domino’s and Inspire Brands, Sieve aims to enhance operations across corporate and franchise restaurants in North America. His experience as both a franchisee and an operator is expected to drive operational improvements and customer satisfaction, supporting the company's goal of becoming the best pizza company in the world.
Papa John's has launched two new menu items: the Epic Pepperoni-Stuffed Crust Pizza and Spicy Pepperoni Rolls, aimed at pepperoni enthusiasts. The Epic Pepperoni-Stuffed Crust features hand-stuffed pepperoni and cheese in a seasoned crust, while the Spicy Pepperoni Rolls include jalapenos and creamy cheese. Exclusively available for Papa Rewards members initially, the items will be open to all customers starting
Papa John’s International, Inc. (NASDAQ: PZZA) announced the refranchising of its majority stake in a joint venture with Blue and Silver Ventures, with Sun Holdings acquiring control of 90 restaurants in Texas. This strategic move is part of a development agreement to open 100 new locations by 2029. Sun Holdings aims to leverage its operational scale for accelerated domestic growth. The financial terms remain undisclosed, and the partnership signifies a continued push for expansion, building on a recent agreement to open over 1,350 stores in South China by 2040.
Papa John’s International announced the cessation of all operations in Russia, discontinuing operational, marketing, and business support for franchisees in the region. The company emphasized its commitment to humanitarian aid, channeling financial support and food donations to assist refugees in Eastern Europe through a partnership with World Central Kitchen. Notably, Papa John’s is not currently receiving royalties from Russian franchisees, as all restaurants are independently operated.
Papa Johns has launched its first collection of NFTs as part of the Papa X Cheddar campaign, giving away a total of 19,840 NFTs featuring nine bag designs. Inspired by the company's founding year in 1984, the NFTs can be redeemed through QR codes on promotional materials. The campaign promotes a new Cheddar range of pizzas and upcycled fashion items, with NFT designs created by artists Tom Hoff and Ash Sketch. Minted on the eco-friendly Tezos blockchain, the NFTs aim to make digital collectibles accessible to fans worldwide.
Papa Johns has launched a major NFT giveaway featuring 19,840 unique designs inspired by its pizza delivery bags. This promotion coincides with the release of its new Cheddar range and aims to engage customers in the NFT trend. The drop includes nine distinctive bag designs available through various marketing channels in several countries, including the UAE, Qatar, and Spain. The NFTs are created by noted designers and minted on the eco-friendly Tezos blockchain. This initiative marks Papa Johns' first entry into the NFT space.
Papa John’s International (PZZA) reported strong financial results for Q4 and full year 2021. Fourth quarter revenues reached $528.9 million, up 12.6% year-over-year, with comparable sales increasing 11.1% in North America. For the year, total revenues were $2.1 billion, a 14.1% increase, and global system-wide sales grew 15.4% to $4.8 billion. Adjusted earnings per diluted share rose 88% to $0.75 in Q4, while full year adjusted EPS reached $3.51. The company opened 250 new units, indicating robust growth momentum.
Splunk Inc. (NASDAQ: SPLK) announced a partnership with Papa John’s International, Inc. (NASDAQ: PZZA) to enhance operational efficiency across over 3,000 stores in North America. Utilizing the Splunk Cloud Platform, Papa John's aims to leverage real-time data insights to improve transaction security, field operations, and overall customer experience. This collaboration is part of Papa John's strategy to embrace digital transformation, with nearly 100% of its sales channels becoming digitally enabled.
Papa John's International (NASDAQ: PZZA) is set to announce its fourth quarter and full year 2021 financial results on February 24, 2022, before market opening. This will be followed by a conference call at 8:00 a.m. ET for discussions on the results. Investors can access the live webcast via ir.papajohns.com or dial in at specified numbers for U.S. and international participants. The company emphasizes its commitment to quality ingredients and operates over 5,500 restaurants in 50 countries, as of September 26, 2021.
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