Latest news with #PapaJohn'sInternational
Business Wire
5 days ago
- Business
- Business Wire
Papa Johns Announces Caroline Miller Oyler as Chief Administrative Officer
ATLANTA--(BUSINESS WIRE)--Papa John's International, Inc. (NASDAQ: PZZA) ('Papa Johns®') today announced the promotion of Caroline Miller Oyler to Chief Administrative Officer, effective immediately. Ms. Oyler has served as the company's Chief Legal and Risk Officer since 2018 and will continue in her role as Corporate Secretary. In her expanded role, Ms. Oyler will now oversee human resources and culture (People Experience), legal, risk, safety and security, internal audit and facilities. The consolidation of these key business support functions is designed to enable efficiency and closer collaboration across teams. 'Caroline has been an integral part of Papa Johns for more than two decades,' said Todd Penegor, CEO of Papa Johns. 'Her deep institutional knowledge and proven leadership across multiple functions make her ideally suited to lead this newly formed role as we continue to transform our company for long-term growth.' Ms. Oyler has been with Papa Johns for 26 years and has served as interim leader of the Human Resources function on three occasions, from 2008 to 2009, 2018 to 2019, and in 2022. About Papa Johns Papa John's International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA. ® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world's third-largest pizza delivery company with more than 6,000 restaurants in approximately 50 countries and territories. For more information about the company or to order pizza online, visit or download the Papa Johns mobile app for iOS or Android.
Yahoo
09-05-2025
- Business
- Yahoo
Papa Johns' Q1 2025 net income drops despite rise in revenue
Papa Johns has reported a 0.9% increase in total revenues for the first quarter of 2025, reaching $518.3m, compared to $513.9m for the same period in 2024. The uptick was primarily due to an $11.4m surge in commissary revenues, reflecting higher commodity prices, and a $6.6m boost in advertising funds revenue, following an increase in the National Marketing Fund contribution rate initiated in Q2 2024. The company's net income for the quarter stood at $9.3m, which was a significant $5.6m drop from the $14.9m reported in the Q1 of the prior year. Global system-wide restaurant sales reached $1.22bn, marking a 1% growth excluding foreign currency impacts. This was attributed to stronger International comparable sales and a 2% global net restaurant growth over the past 12 months. However, these gains were partly negated by a dip in North America comparable sales. Adjusted EBITDA also saw a decrease, falling by $10.9m from the previous year Q1. Earnings per share (EPS) were impacted as well, with diluted EPS down to $0.27 from $0.44 and adjusted diluted EPS decreasing to $0.36 from $0.67 when compared year-over-year. As of 30 March 2025, Papa Johns operated 6,019 restaurants across 50 countries. Despite the mixed financial performance, Papa Johns remains consistent with its 2025 annual guidance. The company forecasts system-wide sales to increase by 2% to 5%, with North America and International comparable sales ranging from flat to 2% rise. The guidance also outlines restaurant development plans, with 85 to 115 new openings in North America and 180 to 200 internationally, alongside capital expenditures projected between $75m and $85m. Papa Johns president and CEO Todd Penegor said: 'We are pleased with our continued progress in the first quarter to advance our transformation as we execute against our five key priorities. Our strategic investments in marketing and technology are driving early momentum in the business, and customers are responding positively to our strengthened value proposition and enhanced digital and loyalty experiences, as evidenced by sequential improvement in comparable sales and transactions.' In April 2024, Papa John's International unveiled plans to open 50 more US restaurants by 2028 through a new agreement with franchisee Nadeem Bajwa and his company, the Bajco Group. "Papa Johns' Q1 2025 net income drops despite rise in revenue" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Sign in to access your portfolio
Yahoo
09-05-2025
- Business
- Yahoo
Papa Johns' Q1 2025 net income drops despite rise in revenue
Papa Johns has reported a 0.9% increase in total revenues for the first quarter of 2025, reaching $518.3m, compared to $513.9m for the same period in 2024. The uptick was primarily due to an $11.4m surge in commissary revenues, reflecting higher commodity prices, and a $6.6m boost in advertising funds revenue, following an increase in the National Marketing Fund contribution rate initiated in Q2 2024. The company's net income for the quarter stood at $9.3m, which was a significant $5.6m drop from the $14.9m reported in the Q1 of the prior year. Global system-wide restaurant sales reached $1.22bn, marking a 1% growth excluding foreign currency impacts. This was attributed to stronger International comparable sales and a 2% global net restaurant growth over the past 12 months. However, these gains were partly negated by a dip in North America comparable sales. Adjusted EBITDA also saw a decrease, falling by $10.9m from the previous year Q1. Earnings per share (EPS) were impacted as well, with diluted EPS down to $0.27 from $0.44 and adjusted diluted EPS decreasing to $0.36 from $0.67 when compared year-over-year. As of 30 March 2025, Papa Johns operated 6,019 restaurants across 50 countries. Despite the mixed financial performance, Papa Johns remains consistent with its 2025 annual guidance. The company forecasts system-wide sales to increase by 2% to 5%, with North America and International comparable sales ranging from flat to 2% rise. The guidance also outlines restaurant development plans, with 85 to 115 new openings in North America and 180 to 200 internationally, alongside capital expenditures projected between $75m and $85m. Papa Johns president and CEO Todd Penegor said: 'We are pleased with our continued progress in the first quarter to advance our transformation as we execute against our five key priorities. Our strategic investments in marketing and technology are driving early momentum in the business, and customers are responding positively to our strengthened value proposition and enhanced digital and loyalty experiences, as evidenced by sequential improvement in comparable sales and transactions.' In April 2024, Papa John's International unveiled plans to open 50 more US restaurants by 2028 through a new agreement with franchisee Nadeem Bajwa and his company, the Bajco Group. "Papa Johns' Q1 2025 net income drops despite rise in revenue" was originally created and published by Verdict Food Service, a GlobalData owned brand. The information on this site has been included in good faith for general informational purposes only. It is not intended to amount to advice on which you should rely, and we give no representation, warranty or guarantee, whether express or implied as to its accuracy or completeness. You must obtain professional or specialist advice before taking, or refraining from, any action on the basis of the content on our site. Error in retrieving data Sign in to access your portfolio Error in retrieving data Error in retrieving data Error in retrieving data Error in retrieving data
Yahoo
02-05-2025
- Business
- Yahoo
Is Papa John's International, Inc. (PZZA) Among the Best Fast Food Stocks to Buy Now?
We recently compiled a list of the 12 Best Fast Food Stocks to Buy Now. In this article, we are going to take a look at where Papa John's International, Inc. (NASDAQ:PZZA) stands against the other fast food stocks. Fast food stocks are businesses that run quick-service restaurants. These stocks can be a smart option to invest in the restaurant industry, which tends to perform well even during economic downturns due to its low costs and convenience. For example, the early COVID-19 pandemic was not favorable for the restaurant business overall, but fast-food chains that were able to offer curbside pickup, delivery, and drive-thru services performed better than their competitors that relied on dine-in. A challenging economic situation presents fewer risks because many fast-food restaurants prioritize providing great value. As per a research report, the global fast food market has expanded gradually in recent years. It will grow at a compound annual growth rate (CAGR) of 2.9%, from $645.2 billion in 2024 to $663.92 billion in 2025. Changes in customer choices and lifestyles, rapid urbanization, globalization, greater demand for convenience meals, and an increase in the working population have all contributed to historic expansion. The fast-food market's largest region in 2024 was North America. Asia-Pacific is anticipated to be the fastest-growing region over the projection period. Automation is changing the fast-food service business in the United States. Robotic systems and artificial intelligence tools are now reducing production times and increasing efficiency. Complex beverage preparation time has been reduced from 87 to just 36 seconds due to a new drink-making system. In the meantime, a dual-sided grill has sped up cooking by 70% in high-volume locations, and an avocado-processing robot reduces prep time by 50%. According to a National Restaurant Association research released in February 2023, 58% of restaurant operators anticipated that 2023 would see a rise in the usage of technology and automation to cope with labor shortages. In a May 2023 poll, HungerRush found that 36 percent of 1,000 Americans stated they believed that large restaurant chains lacked enough employees to process orders, make food, and deliver food. Chief information officer Aaron Nilsson of Jet's Pizza, a franchise with locations in Michigan, introduced a phone bot driven by artificial intelligence to take orders for pizza. He stated: 'Now most consumers expect their local pizza place and their favorite coffee house to remember their last order, know what credit card they want to use, and make it quick and easy for them to complete an order. Society has moved on and automation is expected – even from the small-time operator.' According to a 2024 LendingTree survey, 78% of Americans now consider fast food a luxury, with prices rising by more than 60% since 2014. Quick-service restaurants (QSRs) have been compelled by this change to reconsider what value is. Companies are prioritizing quality, convenience, and technology over price competition to defend higher prices. According to Savneet Singh, CEO of a significant restaurant technology business, the value today isn't just about price; it's about the entire experience. Moreover, technology is being used by businesses to improve this perceived value. AI-powered kiosks, drive-thru technology, and mobile ordering shorten wait times and customize service, while kitchen automation increases reliability. These days, loyalty programs use data analytics to provide hyper-personalized rewards, which boosts consumer engagement and encourages repeat visits. However, affordability is still crucial. The expense of fast food has caused 62% of consumers to cut back on their purchases, which has led several businesses to bring back $5 meal offers, as per the LendingTree study. A combination of price, quality, convenience, and personalization is the new QSR value equation. QSRs have the potential to redefine luxury as intelligent, easily accessible service by utilizing technology and loyalty. A family gathering around a delivery pizza box in the comfort of their own home. For this article, we sifted through the online rankings to form an initial list of the 20 Fast Food Stocks. From the resultant dataset, we chose 12 stocks with the highest number of hedge fund investors, using Insider Monkey's database of 1,009 hedge funds in Q4 2024 to gauge hedge fund sentiment for stocks. We have used the stock's revenue growth year-over-year as a tie-breaker in case two or more stocks have the same number of hedge funds invested. Why are we interested in the stocks that hedge funds pile into? The reason is simple: our research has shown that we can outperform the market by imitating the top stock picks of the best hedge funds. Our quarterly newsletter's strategy selects 14 small-cap and large-cap stocks every quarter and has returned 275% since May 2014, beating its benchmark by 150 percentage points. (see more details here). Number of Hedge Fund Holders: 30 Papa John's International, Inc. (NASDAQ:PZZA) is one of the leading participants in the global QSR, or quick-service restaurant, pizza business, with over 6,000 locations in nearly 50 countries by the end of 2024. The company runs a franchised system, owning 9% of its restaurants and generating revenue through franchise royalties, pizza and related product sales at company-owned locations, and sales from its commissary supply chain. It is ranked 11th on our list of the Best Food Stocks. Papa John's International, Inc. (NASDAQ:PZZA)'s stock price increased by 18% after the firm was recently targeted for a possible $1.4 billion takeover by Irth Capital Management for $43 per share. However, the abrupt resignation of director Anthony Sanfilippo cast doubt on the deal's legitimacy and caused uncertainty. Nevertheless, a bullish thesis of the firm is supported by several facts. Todd Penegor, the CEO who was hired in August 2024, has an excellent history at Wendy's, which suggests a possible turnaround. While 2025 EPS is predicted to drop 21%, a 34% recovery is anticipated in 2026, and same-store sales are anticipated to rise in late 2025. Growth may be fueled by operational upgrades, including improving franchisee ROI, improving the pizza-making process, and updating the app. A franchised business model allows free cash flow to be used for share buybacks, which increases shareholder returns even further. If management performs well, Papa John's International, Inc. (NASDAQ:PZZA) has a lot of long-term potential. Overall, PZZA ranks 11th on our list of the 12 Best Fast Food Stocks to Buy Now. While we acknowledge the potential of Fast Food companies, our conviction lies in the belief that AI stocks hold greater promise for delivering higher returns and doing so within a shorter time frame. There is an AI stock that went up since the beginning of 2025, while popular AI stocks lost around 25%. If you are looking for an AI stock that is more promising than PZZA but that trades at less than 5 times its earnings, check out our report about this . READ NEXT: 20 Best AI Stocks To Buy Now and 30 Best Stocks to Buy Now According to Billionaires. Disclosure: None. This article is originally published at Insider Monkey. Sign in to access your portfolio
Yahoo
01-04-2025
- Business
- Yahoo
Papa Johns to Report First Quarter Results on May 8, 2025
LOUISVILLE, Ky., April 01, 2025--(BUSINESS WIRE)--Papa John's International, Inc. (Nasdaq: PZZA) ("Papa Johns©") will release its first quarter financial results before the market opens on Thursday, May 8, 2025, with a conference call to follow discussing these results at 8:00 a.m. ET. Participants on the call will include Todd Penegor, President and Chief Executive Officer, Ravi Thanawala, Chief Financial Officer and EVP, International, and Heather Hollander, SVP of Strategy, Investor Relations and Financial Planning and Analysis. To listen to the webcast, participants should register online at Participants are requested to register a day in advance or at least a minimum 15 minutes before the start of the call. A replay of the webcast will be available approximately two hours after the call and archived on the same web page. About Papa Johns Papa John's International, Inc. (Nasdaq: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world's third-largest pizza delivery company with more than 6,000 restaurants in approximately 50 countries and territories. For more information about the company or to order pizza online, visit or download the Papa Johns mobile app for iOS or Android. View source version on Contacts Papa Johns Investor Relationsinvestor_relations@ Sign in to access your portfolio
