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Jun 26, 2022
Papa John's Q2 2022 Earnings Report
Papa John's reported mixed results for Q2 2022, with revenue increase offset by decreased earnings due to inflation and international market challenges.
Key Takeaways
Papa John's International, Inc. announced its Q2 2022 financial results, revealing a 1.5% increase in total revenues to $522.7 million. North America comparable sales increased by 0.9%, while international sales decreased by 8.0%. Earnings per diluted share were reported at $0.70, with non-GAAP adjusted diluted earnings per share at $0.74. The company increased its cash dividend by 20% and repurchased $42.8 million of its outstanding shares.
Total revenues increased by 1.5% to $522.7 million.
North America comparable sales increased by 0.9%, while International decreased by 8.0%.
Earnings per diluted share were $0.70, and non-GAAP adjusted diluted earnings per share was $0.74.
The company increased cash dividend by 20% and repurchased $42.8 million of shares.
Papa John's
Papa John's
Papa John's Revenue by Segment
Papa John's Revenue by Geographic Location
Revenue by Segment
Domestic Company-owned Restaurants Revenue
CapyFin.comNorth America Franchising Revenue
CapyFin.comNorth America Commissaries Revenue
CapyFin.comInternational Revenue
CapyFin.comAll Other Segments Revenue
CapyFin.comRevenue by Geographic Location
International Revenue
CapyFin.com Forward Guidance
Papa John's expects headwinds from inflation and lapping economic stimulus to persist into the second half of 2022 but is taking targeted actions to optimize near-term results while securing long-term market share growth.
Positive Outlook
- Focusing on optimizing results in the near term.
- Leaning into differentiated strategy.
- Securing growing market share position for the long term.
- Positioning for long-term growth and margin accretion when headwinds normalize.
- Driving long-term shareholder value through innovations, unit growth, productivity, and capital investments.
Challenges Ahead
- Experiencing high inflation.
- Lapping economic stimulus from a year ago.
- Expecting headwinds to persist into the second half of 2022.
- Difficulties and opportunities associated with or related to the coronavirus pandemic
- Risks to the global economy and our business related to the conflict in Ukraine
Revenue & Expenses
Visualization of income flow from segment revenue to net income