Papa John's International, Inc. · NASDAQ:PZZA
Papa John's International — Q1 2026 Earnings Presentation
8 slides from Papa John's International's earnings presentation, May 7, 2026
Slide 1: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures Q1 2026 May 2026 1
Slide 2: Non-GAAP Financial Measures
NON-GAAP FINANCIAL MEASURES In addition to the results provided in accordance with U.S. GAAP, we provide certain non-GAAP measures, which present results on an adjusted basis. These are supplemental measures of performance that are not required by or presented in accordance with U.S. GAAP and includ
Slide 3: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES The following table reconciles Net income to adjusted EBITDA. Three Months Ended March 29, March 30, in $ thousands 2026 2025 Net income $ 6,938 $ 9,343 Income tax expense 4,137 4,543 Net interest expense 9,683 10,079 Depreciati
Slide 4: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES The following table reconciles General and administrative expenses to adjusted General and administrative expenses. Three Months Ended March 29, March 30, in $ thousands 2026 2025 General and administrative expenses $ 55,996 $ 6
Slide 5: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES The following table reconciles Net income attributable to common shareholders to adjusted net income attributable to common shareholders. Three Months Ended March 29, March 30, in $ thousands 2026 2025 Net income attributable to
Slide 6: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES The following table reconciles Diluted earnings per common share to adjusted diluted earnings per common share. Three Months Ended March 29, March 30, 2026 2025 Diluted earnings per common share $ 0.21 $ 0.27 Restructuring costs
Slide 7: Reconciliation of GAAP Financial Results to Non-GAAP Financial Measures
RECONCILIATION OF GAAP FINANCIAL RESULTS TO NON-GAAP FINANCIAL MEASURES The following table reconciles Net cash provided by operating activities to free cash flow. Three Months Ended March 29, March 30, in $ thousands 2026 2025 Net cash provided by operating activities $ 7,224 $ 31,336 Purchases of
Slide 8: 4-Wall EBITDA: A Non-GAAP Measure
4-WALL EBITDA: A NON-GAAP MEASURE The following table represents our calculation of Domestic Company-owned Restaurant 4-wall EBITDA. Domestic Company-owned Restaurants 2026 2025 in $ thousands Q1 Q1 Segment Revenue $139,671 $170,795 Segment Cost of sales (123,096) (155,013) Cost allocation change (b
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