Papa John's Q1 adjusted EPS $0.68 down from $0.95; global sales up 2% to $1.24B

PAPA JOHNS INTERNATIONAL INC

2023-Q1 EPS reported $0.65 revenue$527,049,000

Adjusted diluted EPS $0.68 vs $0.95 prior year; GAAP EPS $0.65 vs $0.29 (prior year had $30.8M charges).
Global system-wide sales $1.24B, up 2% (ex-FX); total revenues $527M, down 3% due to refranchising.
North America comparable sales flat; Domestic company-owned comps up 3.4%; International comps down 5.8%.
Repurchased 2.5M shares for $209.6M in Q1, including $179.6M from Starboard.
Maintained dividend at $0.42/share; reaffirmed development target of 1,400-1,800 net new units 2022-2025.

item 2.02 item 9.01

Key facts

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Earnings Releases SEC 8-K Item 2.02 confidence 0.95

PAPA JOHNS INTERNATIONAL INC reported first quarter ended March 26, 2023 results: revenue $527 million, net income $22,376, EPS $0.65.

Period: first quarter ended March 26, 2023
Revenue: $527 million
Net income: $22,376
EPS: $0.65
Result: reported results

Exact text from the filing

to achieve 270 to 310 net new units in 2023. • Global system-wide restaurant sales were $1.24 billion, a 2% (a) increase from the prior year first quarter. • Total revenues of $527 million were down 3% from a record first quarter a year ago. Revenues were up slightly when excluding the impact of refranchising 90 restaurants in 2022. • Diluted earnings per common

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Source: SEC EDGAR

accession 0001628280-23-015434

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