| Metric | Value ($ M) | Q1 FY25 |
|---|---|---|
| Revenue | 478.61 | 7.7% |
| Total Income | 478.61 | 7.7% |
| Expenditure | 457.85 | 7.4% |
| PBT | 11.08 | 20.2% |
| Net Profit | 7.26 | 21.3% |
| OPM | 4.34% | 0.29pp |
| NPM | 1.52% | 0.26pp |
| EPS | 0.21 | 25.0% |
Papa Johns Reports Q1 2026: Global System-wide Sales Down 3%
07 May 2026 · 7 May, 4:32 pm
Summary
Papa John's International reported a decrease in global system-wide restaurant sales by 3% to $1.20 billion for the first quarter of 2026. North America experienced a 6.4% decrease in comparable sales, while International comparable sales increased by 3.6%. Net income decreased to $7 million, and diluted earnings per share fell to $0.21. The company reiterated its fiscal year 2026 outlook, expecting global system-wide restaurant sales to be flat to down low single-digits.
Key Highlights
- 1
Global system-wide restaurant sales decreased by 3% to $1.20 billion compared to the prior year first quarter.
- 2
North America comparable sales decreased 6.4%, with Domestic Company-owned restaurants down 5.2% and North America franchised restaurants down 6.7%.
- 3
International comparable sales increased 3.6% compared with the prior year first quarter.
- 4
The company opened 28 new restaurants system-wide, including 8 in North America and 20 in International markets.
- 5
Net income decreased to $7 million compared to $9 million in the prior year first quarter.
- 6
Diluted earnings per common share was $0.21, compared to $0.27 in the prior year first quarter.
- 7
Adjusted diluted earnings per common share was $0.32, compared to $0.36 last year.
Management Comments
Todd Penegor
First quarter results reflected continued strong performance in our International markets where we delivered the sixth consecutive quarter of positive comparable sales. In North America, results were in line with our expectations as we navigate the cautious consumer environment and promotional QSR marketplace. As we look ahead, we are focused on advancing our transformation strategy, including through an expanded range of value options and leaning aggressively into innovation. Execution in these areas will enable us to meet customers where they are and unlock more layers of growth. Exciting strategic partnerships such as our collaboration with Toy Story 5 ahead of the film’s upcoming theatrical release on June 19th, are visible examples of the progress we are making in these areas. Additionally, we’re elevating our digital ordering experience through the new Google Gemini Enterprise CX Food Ordering Agent. In sum, we are taking a disciplined approach to managing the near-term market dynamics, while building for the future as the best pizza makers in the business.
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