---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-22-027948"
form_type: "8-K"
ticker: "PZZA"
cik: "0000901491"
company_name: "PAPA JOHNS INTERNATIONAL INC"
filed_at: "2022-11-03T23:59:59+00:00"
generated_at: "2026-06-22T11:05:10.461020+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Papa John's Q3 adjusted EPS $0.54 vs $0.83; revenue $511M flat; comps mixed

## Summary
- Revenue of $511M, essentially flat vs record Q3 2021; net income $8.3M ($0.23 diluted EPS).
- Adjusted diluted EPS $0.54, down from $0.83 last year; adjusted operating income $33.6M vs $40.7M.
- North America comparable sales down <1% but up 30% on a 3-year stack; International down 10% (up 19% 3-year).
- Global system-wide sales $1.20B +0.5%; net 18 unit openings in Q3, mostly international.
- FY2022 net unit openings expected 240-260; management cites commodity/labor cost headwinds and solid Q4 start.

## SEC filing metadata
- accession: 0001628280-22-027948
- form_type: 8-K
- ticker: PZZA
- cik: 0000901491
- company_name: PAPA JOHNS INTERNATIONAL INC
- filed_at: 2022-11-03T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.75
- calibrated_materiality_score: 0.75
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/901491/000162828022027948/0001628280-22-027948-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/901491/000162828022027948/pzza-20221103.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-22-027948
- JSON: https://secwatch.observer/filing/0001628280-22-027948.json
- Plain text: https://secwatch.observer/filing/0001628280-22-027948.txt

## Key facts
- Earnings Releases
  PAPA JOHNS INTERNATIONAL INC reported third quarter ended September 25, 2022 results: revenue $511 million, net income $8,331, EPS $0.23.
  - Period: third quarter ended September 25, 2022
  - Revenue: $511 million
  - Net income: $8,331
  - EPS: $0.23
  - Result: reported results
  source text: Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns ® ”) today announced financial results for the third quarter ended September 25, 2022. Highlights • Total revenues of $511 million in the third quarter 2022 were down $2 million, or less than one percent, from a record third quarter 2021. • North America comparable sales were down less than one percent from
  evidence_url: https://www.sec.gov/Archives/edgar/data/901491/000162828022027948/0001628280-22-027948-index.htm

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.