---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-23-036168"
form_type: "8-K"
ticker: "PZZA"
cik: "0000901491"
company_name: "PAPA JOHNS INTERNATIONAL INC"
filed_at: "2023-11-02T23:59:59+00:00"
generated_at: "2026-06-09T01:31:13.265919+00:00"
event_type: "earnings"
sentiment: "neutral"
materiality_score: 0.75
calibrated_materiality_score: 0.75
confidence: "high"
source: SEC EDGAR
---

# Papa John's Q3 EPS $0.48; North America comps up 2.9%, International down 0.3%

## Summary
- Total revenues $522.8M (+2.4%); operating income $31.9M (+64%) aided by prior-year legal settlement.
- Diluted EPS $0.48 vs $0.23; adjusted diluted EPS $0.53 vs $0.54.
- Global system-wide sales $1.23B (+5.1% ex-FX); 45 net new units opened in Q3.
- Free cash flow $76M YTD vs $28.1M prior year; quarterly dividend $0.46/sh declared, payable Nov 24.
- Commissary fixed margin to increase from 4% to 8% over four years (2023–2027).

## SEC filing metadata
- accession: 0001628280-23-036168
- form_type: 8-K
- ticker: PZZA
- cik: 0000901491
- company_name: PAPA JOHNS INTERNATIONAL INC
- filed_at: 2023-11-02T23:59:59+00:00
- event_type: earnings
- sentiment: neutral
- 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/901491/000162828023036168/0001628280-23-036168-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/901491/000162828023036168/pzza-20231102.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-23-036168
- JSON: https://secwatch.observer/filing/0001628280-23-036168.json
- Plain text: https://secwatch.observer/filing/0001628280-23-036168.txt

## Key facts
- Earnings Releases
  PAPA JOHNS INTERNATIONAL INC reported third quarter ended September 24, 2023 results: revenue $522,812, net income $15,861, EPS $0.48.
  - Period: third quarter ended September 24, 2023
  - Revenue: $522,812
  - Net income: $15,861
  - EPS: $0.48
  - Result: reported results
  source text: (In thousands, except per share amounts) September 24, 2023 September 25, 2022 Increase (Decrease) September 24, 2023 September 25, 2022 Increase (Decrease) Total revenues $ 522,812 $ 510,512 $ 12,300 $ 1,564,391 $ 1,575,869 $ (11,478) Operating income $ 31,868 $ 19,461 $ 12,407 $ 104,576 $ 72,800 $ 31,776 Adjusted operating income (a) $ 33,638 $ 33,593 $ 45
  evidence_url: https://www.sec.gov/Archives/edgar/data/901491/000162828023036168/0001628280-23-036168-index.htm

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