secwatch.observer — SEC 8-K summary
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Issuer:     PAPA JOHNS INTERNATIONAL INC (PZZA)
CIK:        0000901491
Form:       8-K
Filed at:   2022-11-03T23:59:59+00:00
Accession:  0001628280-22-027948
Event type: earnings
Sentiment:  negative
Materiality: 0.75
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/901491/000162828022027948/0001628280-22-027948-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/901491/000162828022027948/pzza-20221103.htm
  HTML page:      https://secwatch.observer/filing/0001628280-22-027948

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