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Dec 27, 2020

Papa John's Q4 2020 Earnings Report

Papa John's outperformed expectations in Q4 2020, driven by strong comparable sales growth and international expansion.

Key Takeaways

Papa John's International, Inc. announced strong financial results for Q4 2020, with total revenues up 12.5% to $469.8 million. Comparable sales increased by 13.5% in North America and 21.4% internationally. Earnings per diluted share rose to $0.28, and adjusted earnings per diluted share grew to $0.40.

Total revenues increased by 12.5% compared to the prior year.

North America comparable sales grew by 13.5%.

International comparable sales surged by 21.4%.

Adjusted earnings per diluted share increased to $0.40.

Total Revenue
$470M
Previous year: $418M
+12.5%
EPS
$0.4
Previous year: $0.37
+8.1%
Domestic Comp Sales Growth
10.2%
Previous year: 4.1%
+148.8%
NA Franchised Comp Sales
14.5%
Previous year: 3.3%
+339.4%
NA Comp Sales Growth
13.5%
Previous year: 3.5%
+285.7%
Gross Profit
$87.5M
Previous year: $79.3M
+10.4%
Cash and Equivalents
$130M
Previous year: $27.9M
+366.5%
Free Cash Flow
$6.51M
Previous year: $1.59M
+310.4%
Total Assets
$873M
Previous year: $731M
+19.4%

Papa John's

Papa John's

Papa John's Revenue by Segment

Forward Guidance

Given on-going uncertainty surrounding the future impact of COVID-19, we are not providing outlook for 2021 at this time.

Revenue & Expenses

Visualization of income flow from segment revenue to net income