---
schema_version: "secwatch.filing_event.v1"
accession: "0001628280-25-023438"
form_type: "8-K"
ticker: "PZZA"
cik: "0000901491"
company_name: "PAPA JOHNS INTERNATIONAL INC"
filed_at: "2025-05-08T23:59:59+00:00"
generated_at: "2026-05-22T06:25:02.443378+00:00"
event_type: "earnings"
sentiment: "negative"
materiality_score: 0.7
calibrated_materiality_score: 0.7
confidence: "high"
source: SEC EDGAR
---

# Papa John's Q1 net income falls 40%; NA comp sales down 3%

## Summary
- Net income $9M vs $15M YoY; diluted EPS $0.27 vs $0.44. Adjusted EPS $0.36 vs $0.67.
- Total revenues $518M (+1% YoY); adjusted EBITDA $50M, down from $61M.
- NA comparable sales -3% (company-owned -5%, franchised -2%); International +3%.
- System-wide sales $1.22B (+1% ex-currency); opened 47 restaurants (18 NA, 29 Intl).
- CEO cites early momentum from marketing/tech investments, sequential comp improvement.

## SEC filing metadata
- accession: 0001628280-25-023438
- form_type: 8-K
- ticker: PZZA
- cik: 0000901491
- company_name: PAPA JOHNS INTERNATIONAL INC
- filed_at: 2025-05-08T23:59:59+00:00
- event_type: earnings
- sentiment: negative
- materiality_score: 0.7
- calibrated_materiality_score: 0.7
- confidence: high
- sec_items: 2.02, 9.01
- EDGAR index: https://www.sec.gov/Archives/edgar/data/901491/000162828025023438/0001628280-25-023438-index.htm
- EDGAR primary document: https://www.sec.gov/Archives/edgar/data/901491/000162828025023438/pzza-20250508.htm

## Machine-readable alternates
- HTML: https://secwatch.observer/filing/0001628280-25-023438
- JSON: https://secwatch.observer/filing/0001628280-25-023438.json
- Plain text: https://secwatch.observer/filing/0001628280-25-023438.txt

This AI-assisted summary is a reading aid. Review the linked SEC EDGAR filing before relying on any specific claim.