Business
Papa Johns Announces Fourth Quarter and Full Year 2025 Financial Results
Met or Exceeded Revised 2025 Financial Guidance Targets 2025 Global System-wide Restaurant Sales Increased 1%(a) Fourth Quarter Global System-wide Restaurant
About this update from Papa John's International, Inc.
[{"type":"text","content":"\nMet or Exceeded Revised 2025 Financial Guidance Targets\n\n\n2025 Global System-wide Restaurant Sales Increased 1%(a)\n\n\nFourth Quarter Global System-wide Restaurant Sales Decreased 1%(a)\n\n\nFourth Quarter Diluted EPS of $0.21 and Adjusted Diluted EPS of $0.34(b)\n\n\nIntroduces Fiscal Year 2026 Outlook\n\n\n LOUISVILLE, Ky.--(BUSINESS WIRE)--\nPapa John’s International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced financial results for the fourth quarter and year ended December 28, 2025.\n\n\nFull Year 2025 Highlights\n\n\n\nGlobal system-wide restaurant sales were $4.92 billion, a 1%(a) increase compared with the prior year.\n\n\n\nNorth America comparable sales decreased 2% as Domestic Company-owned restaurants were down 3% and North America franchised restaurants were down 2%; International comparable sales increased 5%; all compared with 2024.\n\n\n\nOpened 279 new restaurants in fiscal year 2025, comprised of 96 restaurant openings in North America and 183 restaurant openings in International markets.\n\n\n\nTotal revenues of $2.1 billion were flat compared with the prior year.\n\n\n\nNet income was $32 million compared with $84 million in 2024.\n\n\n\nAdjusted EBITDA(b) was $201 million compared with $227 million in the prior year, including approximately $21 million in incremental marketing investment to support franchisees and brand positioning work.\n\n\n\nDiluted earnings per common share of $0.90 compared with $2.54 in 2024.\n\n\n\nAdjusted diluted earnings per common share(b) was $1.43 compared with $2.34 in the prior year.\n\n\n\nFourth Quarter 2025 Highlights\n\n\n\nGlobal system-wide restaurant sales were $1.23 billion, a 1%(a) decrease compared with the prior year fourth quarter.\n\n\n\nNorth America comparable sales decreased 5% as Domestic Company-owned restaurants were down 6% and North America franchised restaurants were down 5%; International comparable sales were up 6%, all compared with the prior year fourth quarter.\n\n\n\nOpened 142 new restaurants system-wide, comprised of 41 restaurant openings in North America and 101 restaurant openings in International markets.\n\n\n\nTotal revenues of $498 million decreased 6% compared with the prior year fourth quarter.\n\n\n\nNet income was $9 million compared with $15 million in the prior year fourth quarter.\n\n\n\nAdjusted EBITDA(...