Quarterly ResultMay 7, 2026, 07:02 AM
Papa Johns Q1 Global Sales Down 3%; EPS $0.21
AI Summary
Papa John's International announced mixed first-quarter 2026 financial results, with global system-wide restaurant sales decreasing 3% to $1.20 billion and diluted EPS falling to $0.21. While International comparable sales showed strength with a 3.6% increase, North America comparable sales declined by 6.4%. The company reiterated its fiscal 2026 outlook, emphasizing its transformation strategy and innovation efforts to navigate a challenging consumer environment.
Key Highlights
- Global system-wide restaurant sales decreased 3% to $1.20 billion in Q1 2026.
- North America comparable sales declined 6.4%, while International comparable sales increased 3.6%.
- Diluted earnings per common share was $0.21, down from $0.27 in the prior year first quarter.
- Adjusted diluted earnings per common share was $0.32, compared to $0.36 last year.
- Net income was $6.9 million, a decrease from $9.3 million in the prior year first quarter.
- Adjusted EBITDA was $47.8 million, down from $49.6 million in the prior year first quarter.
- The company opened 28 new restaurants system-wide, with 8 in North America and 20 internationally.
- Papa Johns reiterated its fiscal 2026 outlook, projecting global system-wide sales to be flat to down low single-digits.
- A second-quarter dividend of $0.46 per common share was declared.