Papa John's Q2 2024: North America comps -4%, adjusted EPS $0.61 vs $0.59; 31 net closures

PAPA JOHNS INTERNATIONAL INC

2024-Q2 EPS reported $0.82 revenue$1,021,810,000

North America comparable sales -4% (company-owned -4%, franchised -3%); International comps flat.
Total revenues $508M (-1% YoY); operating income $28M (-19%), adjusted operating income $38M (+4%).
Diluted EPS $0.37 vs $0.54; adjusted diluted EPS $0.61 vs $0.59, topping prior year.
31 net unit closures in Q2, including 43 company-owned UK restaurants as strategic international closures.
Global system-wide sales $1.20B, down 1% (ex-FX); new CEO Todd Penegor prioritizes franchisee economics.

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