Papa John's Q1 revenue down 2%; comparable sales negative; adjusted op income up 10%

Highlights • North America comparable sales (a) were down 2% from a year ago as Domestic Company-owned restaurants were down 3% and North America franchised restaurants were down 2%; International comparable sales (a) were down 3% from the prior year period. • 8 net unit openings in the first quarter driven by North America growth; on track to achieve North America net unit growth of more than 20% relative to 2023 net unit openings and International gross openings between 100 and 140 new restaurants. • Global system-wide restaurant sales were $1.23 billion, a 1% (b) decrease compared with the prior year first quarter due entirely to the 53rd week in 2023 which shifted the week between Christmas and New Years into the fourth quarter. • Total revenues of $514 million were down 2% compared with a year ago largely driven by lower revenues in our North America commissary segment due to commodity price declines. • Operating income of $34 million decreased 11% compared with the first quarter