PZZANasdaqRetail-Eating PlacesUS GAAP · USD

Papa John's International, Inc

Papa John’s International operates and franchises pizza delivery and carryout restaurants under the Papa Johns brand in the United States and many international markets. Its business combines company-owned restaurants, franchised restaurants, and a supporting supply-chain and marketing system that serves the broader restaurant network.

Kysy yhtiöstä
Liikevaihto2 054milj. USD
−0,3 %v/v
Liikevoitto (EBIT)89,1milj. USD
−43,1 %v/v
EBIT-marginaali4,3%
−3,3 %-yks.v/v
Nettotulos30,5milj. USD
−63,4 %v/v
Vapaa kassavirta61,3milj. USD
+79,5 %v/v

Tilikausi 2025 · muutos edellisvuodesta

Kehitys 2020–2025

05001 0001 5002 0002 500milj. USD2020: 1 813 milj. USD2020: EBIT 90 milj. USD20202021: 2 068 milj. USD2021: EBIT 168 milj. USD20212022: 2 102 milj. USD2022: EBIT 109 milj. USD20222023: 2 136 milj. USD2023: EBIT 147 milj. USD20232024: 2 059 milj. USD2024: EBIT 157 milj. USD20242025: 2 054 milj. USD2025: EBIT 89 milj. USD20252 05489
LiikevaihtoLiikevoitto (EBIT)
Kysy Clarifolta: Papa John's International, Inc

Liiketoiminta

Osuus liikevaihdosta
Company-owned restaurant sales35 %

Retail sales of pizza, sides, beverages, and other menu items from company-operated restaurants.

Franchise royalties and fees30 %

Ongoing royalties, marketing contributions, and franchise/development fees from franchised restaurants.

Supply chain and commissary sales25 %

Food, paper, and related product sales to franchisees through QC Centers and supply operations.

Marketing and system services10 %

Contributions to marketing funds and fees for information systems, software, and related services.

Tuotteet

Raportoitu · osuus liikevaihdosta
45,3%32,9%9,3%FY2025100 %
  • Commissary45,3 %
  • Company Owned Restaurant Sales32,9 %
  • Franchisor9,3 %
  • Advertising8,1 %
  • Other4,4 %

Lähde: 10-K FY2025, yhtiön tuotelinjoittain raportoima liikevaihto (SEC XBRL). Osuudet on laskettu näytetyistä riveistä ja ne summautuvat 100 %:iin.

Asiakkaat

Papa John’s sells directly to consumers through company-owned restaurants, while franchisees are the main business customers for royalties, supplies, and system services. The brand serves pizza consumers seeking delivery, carryout, and in some markets dine-in options, with demand influenced by convenience, value, and product quality. Franchisees buy into the system to access the brand, operating model, supply chain, marketing support, and technology platform.

Consumer diners

Households and individuals buying pizza and related menu items for delivery, carryout, or dine-in.

Franchise restaurant operators

Operators who pay royalties and fees and buy into the Papa Johns brand and operating system.

Franchise supply customers

Franchisees purchasing food, paper, and other items from QC Centers and supply operations.

Marketing fund participants

Domestic restaurants contributing to national and local advertising and promotional programs.

International master franchise and local operators

Operators in overseas markets that use local restaurant formats and support structures.

Strategia

Papa John’s strategy centers on its core pizza proposition, menu innovation, and a more seamless digital and customer experience. It also emphasizes franchise development, supply-chain productivity, and selective international and domestic market actions to expand the system and support long-term brand strength.

Core product and menu innovationKeskipitkä aikaväli

The brand depends on consistent pizza quality while expanding beyond pizza to broaden appeal.

Digital and customer experience improvementLyhyt aikaväli

Most sales occur through digital channels, so better ordering and personalization can drive loyalty and efficiency.

Franchise development in priority marketsKeskipitkä aikaväli

New units expand system scale, market share, and royalty-bearing restaurant count.

Supply-chain and commissary optimizationLyhyt aikaväli

A more efficient commissary network can lower cost to serve and support restaurant economics.

Maantiede

Papa John’s operates in the United States and internationally across 50 countries and territories, with a mix of company-owned and franchised restaurants. Domestic operations are centered in the contiguous United States, while North America includes the U.S. and Canada and International covers the rest of the world. The company also supports the system through QC Centers in the United States and an International QC Center in the United Kingdom.

Riskit

Papa John’s faces intense competition in the mature QSR pizza market, where price, delivery speed, technology, and brand loyalty all matter. Its international footprint adds exposure to currency, political, regulatory, sourcing, and franchise execution risks, while the business also depends on technology, labor availability, and reliable supply-chain operations.

Järjestetty vakavuuden mukaan
MatalaKohtalainenKorkeaMatalaKohtalainenKorkeaVaikutus →Todennäköisyys →Intense competition in the QSR pizza market1International operating and franchise risk2Labor and supply-chain inflation3Technology and delivery disruption4
Vaikutus on riskin vakavuus ja todennäköisyys sen toteutumisen todennäköisyys lähivuosina, molemmat arvioitu yhtiön raporttien perusteella. Numerot vastaavat listaa.
  1. Intense competition in the QSR pizza marketVaikutus: KorkeaTodennäköisyys: Korkea

    The category is mature and fragmented, with national chains, regional chains, independents, and delivery aggregators competing on price and convenience.

    KohdistuuBrand demandRestaurant trafficFranchise profitability
  2. International operating and franchise riskVaikutus: KorkeaTodennäköisyys: Korkea

    Overseas markets face political, economic, security, regulatory, and cultural differences that can make growth harder to sustain.

    Kohdistuu: International franchise network and market expansion

  3. Labor and supply-chain inflationVaikutus: KorkeaTodennäköisyys: Korkea

    Restaurant and commissary operations depend on available labor and stable input costs for food, paper, and logistics.

    KohdistuuCompany-owned restaurantsQC CentersFranchise support
  4. Technology and delivery disruptionVaikutus: KeskitasoTodennäköisyys: Korkea

    New delivery methods, autonomous delivery, and platform changes could shift customer ordering behavior and competitive dynamics.

    Kohdistuu: Digital ordering and delivery model

  5. Cybersecurity and data privacy at franchise systemsVaikutus: Keskitaso

    International franchisees often rely on third-party point-of-sale and ordering systems, increasing operational and compliance risk.

    Kohdistuu: Franchise technology stack

Kysy Clarifolta: Papa John's International, Inc

Kirjanpito

Harkinnanvaraiset erät
Revenue recognition across multiple streams

The company has restaurant sales, royalties, supply sales, marketing fund contributions, and service fees that may be recognized on different bases.

Vaikutus: Affects timing and mix of reported revenue

Insurance reserves and recoveries

The company estimates losses and expected recoveries for events such as property damage and operational disruptions.

Vaikutus: Can create volatility in operating expenses and other costs

Long-lived asset and restaurant impairment

Restaurant closures, underperforming units, or market changes can trigger impairment of fixed and intangible assets.

Vaikutus: Can materially affect operating income and comparability

Allowance for credit losses on franchisee notes receivable

Franchise financing and receivables require judgment about collectability.

Vaikutus: Affects balance sheet valuation and bad debt expense

Seasonality and comparable sales

Pizza demand and promotional activity can vary by quarter and holiday periods.

Vaikutus: Affects quarter-to-quarter comparability of revenue and margins

Samankaltaisia listattuja yhtiöitä

Julkisesti listattuja yhtiöitä, joilla on samankaltainen liiketoiminta.

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Päivitetty: 24.9.2026

Papa John's International, Inc (PZZA) liikevaihto, tulos ja tunnusluvut 2025 – Clarifo