Business
Papa Johns Announces Third Quarter 2025 Financial Results
Flat Total Global Comparable Sales North America Comparable Sales Decreased 3%; International Comparable Sales Increased 7% Diluted EPS of $0.13; Adjusted
About this update from Papa John's International, Inc.
[{"type":"text","content":"\nFlat Total Global Comparable Sales\nNorth America Comparable Sales Decreased 3%; International Comparable Sales Increased 7%\nDiluted EPS of $0.13; Adjusted Diluted EPS of $0.32(a)\nUpdates Fiscal 2025 Outlook\n\n LOUISVILLE, Ky.--(BUSINESS WIRE)--\nPapa John’s International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced financial results for the third quarter ended September 28, 2025.\n\nHighlights\n\n\nGlobal system-wide restaurant sales were $1.21 billion, a 2%(b) increase compared with the prior year period driven by higher International comparable sales and trailing twelve-month net restaurant growth.\n\n\nNorth America comparable sales decreased 3% from a year ago as comparable sales from both Domestic Company-owned restaurants and North America franchised restaurants were down 3%; International comparable sales increased 7% compared with the prior year third quarter.\n\n\nOpened 45 new restaurants system-wide, comprised of 18 restaurant openings in North America and 27 restaurant openings in International markets, including two new restaurants in India.\n\n\nTotal revenues of $508 million were flat compared with the prior year third quarter.\n\n\nNet income was $4 million compared with $42 million in the prior year third quarter and adjusted EBITDA(a) was $48 million compared with $50 million in the prior year quarter.\n\n\nDiluted earnings per common share was $0.13 compared with $1.27 in the prior year third quarter; adjusted diluted earnings per common share(a) was $0.32 compared with $0.43 last year.\n\n\nAt least $25 million of G&A savings identified through ongoing review of cost structure, in addition to at least $50 million of supply chain savings previously identified. Expects to fully realize these savings by fiscal year 2028. Supply chain savings expected to produce approximately 100-basis points of restaurant-level profitability improvement across both franchise and Company-owned restaurants.\n\n\nCompany accelerating refranchising program over the next two years.\n\n\nCEO Commentary\n\n“Our third quarter results reflect strong performance and building momentum of our transformation work in International markets, offset by softer North American sales given current consumer sentiment and a promotional QSR marketplace. We are sharpening our value proposition and rebuilding our innovation ...