{"schema_version":"secwatch.filing_event.v1","accession":"0001628280-24-021941","form_type":"8-K","ticker":"PZZA","cik":"0000901491","company_name":"PAPA JOHNS INTERNATIONAL INC","filed_at":"2024-05-09T23:59:59+00:00","discovered_at":"2026-05-14T18:03:22.386062+00:00","generated_at":"2026-06-02T08:09:31.755236+00:00","sec_items":["2.02","9.01"],"event_type":"earnings","sentiment":"negative","materiality_score":0.75,"calibrated_materiality_score":0.75,"confidence":"high","headline":"Papa John's Q1 revenue down 2%; comparable sales negative; adjusted op income up 10%","bullets":["Total revenues $514M (-2% YoY); GAAP diluted EPS $0.44 (prior $0.65); adjusted EPS $0.67 (vs $0.68).","North America comparable sales -2% (company-owned -3%, franchised -2%); International comparable -3%.","Operating income $34M (-11%); adjusted operating income $43M (+10%) on better restaurant-level margins.","Global system-wide sales $1.23B (-1% ex-FX); 8 net unit openings; on track for NA net unit growth >20% vs FY23.","Interim CEO cites progress on Back to Better 2.0 and International Transformation; Board conducting CEO search."],"urls":{"canonical":"https://secwatch.observer/filing/0001628280-24-021941","json":"https://secwatch.observer/filing/0001628280-24-021941.json","markdown":"https://secwatch.observer/filing/0001628280-24-021941.md","text":"https://secwatch.observer/filing/0001628280-24-021941.txt","edgar_index":"https://www.sec.gov/Archives/edgar/data/901491/000162828024021941/0001628280-24-021941-index.htm","edgar_primary_document":"https://www.sec.gov/Archives/edgar/data/901491/000162828024021941/pzza-20240509.htm"},"model":{"generated_by":"deepseek-v4-flash:cloud@v2","generated_at":"2026-06-02T08:09:31.755236+00:00"},"review":{"review_status":"machine_generated","human_reviewed":false,"corrected":false,"correction_note":null,"correction_timestamp":null,"superseded_by":null,"related_filings":[]},"source_grounded_claims":[{"claim_id":"a91906158d2636aa17d9bed3d31f014bed85c7da","claim":"PAPA JOHNS INTERNATIONAL INC reported first quarter ended March 31, 2024 results: revenue $514 million, EPS $0.44.","evidence_excerpt":"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","evidence_source":"SEC 8-K Item 2.02","evidence_url":"https://www.sec.gov/Archives/edgar/data/901491/000162828024021941/0001628280-24-021941-index.htm","confidence":0.9,"family_label":"Earnings Releases","details":[{"label":"Period","value":"first quarter ended March 31, 2024"},{"label":"Revenue","value":"$514 million"},{"label":"EPS","value":"$0.44"},{"label":"Result","value":"reported results"}],"fact_type":"earnings_release"}],"license":"Source filings: public domain (SEC EDGAR). Summaries (headline + bullets): CC-BY-4.0; attribute https://secwatch.observer"}