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Sep 25, 2022
Papa John's Q3 2022 Earnings Report
Papa John's financial results for the third quarter of 2022 were announced.
Key Takeaways
Papa John's International, Inc. reported a slight decrease in total revenues, with $511 million in Q3 2022 compared to $512.8 million in Q3 2021. North America comparable sales were down less than one percent, while international comparable sales decreased by 10%. Diluted earnings per share were $0.23, and non-GAAP adjusted diluted earnings per share were $0.54.
Total revenues were $511 million, a slight decrease from the record third quarter of 2021.
North America comparable sales were down less than one percent.
International comparable sales were down 10%.
Global system-wide restaurant sales increased by 0.5% over the prior year third quarter, reaching $1.20 billion.
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
The company expects some near-term headwinds to continue, particularly in the UK market, but they continue to build global excitement behind their brand, reinforcing their confidence in their multi-year development outlook.
Challenges Ahead
- The company expects some near-term headwinds to continue.
- There are challenges in the UK market.
- The third quarter is typically the slowest period for pizza delivery.
- The demand for travel was amplified coming out of the pandemic.
- Commodity and labor costs reached all-time highs, impacting profit.
Revenue & Expenses
Visualization of income flow from segment revenue to net income