secwatch.observer — SEC 8-K summary
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Issuer:     PAPA JOHNS INTERNATIONAL INC (PZZA)
CIK:        0000901491
Form:       8-K
Filed at:   2024-08-08T23:59:59+00:00
Accession:  0001628280-24-035858
Event type: earnings
Sentiment:  neutral
Materiality: 0.70
Item codes: 2.02, 9.01
LLM model:  deepseek-v4-flash:cloud@v2

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

Source:
  EDGAR index:    https://www.sec.gov/Archives/edgar/data/901491/000162828024035858/0001628280-24-035858-index.htm
  Primary doc:    https://www.sec.gov/Archives/edgar/data/901491/000162828024035858/pzza-20240808.htm
  HTML page:      https://secwatch.observer/filing/0001628280-24-035858

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