Quarterly ResultAug 6, 2026, 07:09 AM
Papa Johns Q2 Revenue Down 8.8%; EPS $0.25
AI Summary
Papa Johns International reported a decline in second-quarter 2026 financial results, with total revenues decreasing by 8.8% to $482.4 million and net income attributable to the Company falling by 10.5% to $8.5 million. Basic earnings per share also decreased to $0.25 from $0.28 in the prior year. Year-to-date operating cash flow saw a significant reduction, and the company continued its Enterprise Transformation Plan, leading to accelerated depreciation from restaurant closures.
Key Highlights
- Q2 2026 total revenues decreased 8.8% to $482.4 million from $529.2 million in Q2 2025.
- Q2 2026 net income attributable to the Company fell 10.5% to $8.5 million from $9.5 million in Q2 2025.
- Basic EPS for Q2 2026 was $0.25, down from $0.28 in Q2 2025.
- Net cash provided by operating activities for YTD 2026 was $35.8 million, a 46.4% decrease from $66.8 million YTD 2025.
- Cash, cash equivalents, and restricted cash decreased to $28.5 million at June 28, 2026, from $36.9 million at Dec 28, 2025.
- The company incurred $0.7 million in accelerated depreciation related to 25 restaurant closures under its Enterprise Transformation Plan.
- Dividends paid to common stockholders for YTD 2026 totaled $30.9 million.
- No share repurchase activity occurred during the three and six months ended June 28, 2026.
Price Impact
More from PZZA