secwatch.observer — SEC 8-K summary
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Issuer:     PAPA JOHNS INTERNATIONAL INC (PZZA)
CIK:        0000901491
Form:       8-K
Filed at:   2023-05-04T23:59:59+00:00
Accession:  0001628280-23-015434
Event type: earnings
Sentiment:  neutral
Materiality: 0.65
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/901491/000162828023015434/0001628280-23-015434-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/901491/000162828023015434/pzza-20230504.htm
  HTML page:      https://secwatch.observer/filing/0001628280-23-015434

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