Papa John's prelim FY2023 sales ~$5B (+5%); NA comps +1%, int'l -4%; launches Back to Better 2.0

PAPA JOHNS INTERNATIONAL INC

2023-FY EPS reported $2.48 revenue$2,135,713,000

Preliminary global system-wide sales ~$5.0B (+5% YoY); Q4 ~$1.3B (+12% YoY, +3% ex-53rd week).
North America comps +2% in Q4, +1% for FY; int'l comps -6% in Q4, -4% for FY.
Net openings 210 units (57 NA, 153 int'l); lower than expected due to closures and delays.
Franchisees voted to increase National Marketing Fund contribution by 20% (100 bps of sales).
Commissary margin to rise from 4% to 8% over 4 years; new development incentive program launched.

item 2.02 item 7.01 item 9.01

Key facts

Extracted from this filing and checked against the source text.

Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAPA JOHNS INTERNATIONAL INC reported preliminary financial results for the fourth quarter and the full year ended December 31, 2023.

Period: the fourth quarter and the full year ended December 31, 2023
Result: preliminary results

Exact text from the filing

The Company also reported preliminary sales and unit development information for the fourth quarter and the full year ended December 31, 2023

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Earnings Releases SEC 8-K Item 2.02 confidence 0.9

PAPA JOHNS INTERNATIONAL INC reported preliminary financial results for fiscal year 2023.

Period: fiscal year 2023
Result: preliminary results

Exact text from the filing

Papa Johns Announces Back to Better 2.0 Ahead of 26 th Annual ICR Conference, and Provides Preliminary 2023 Sales and Unit Development

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59 earnings releases filed in the last 30 days. Browse all earnings releases →

PAPA JOHNS INTERNATIONAL INC filing history →

Source: SEC EDGAR

accession 0001628280-24-000759

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