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Dec 25, 2022
Papa John's Q4 2022 Earnings Report
Papa John's reported mixed results for Q4 2022, with North America comparable sales up but international sales down.
Key Takeaways
Papa John's International reported a slight decrease in total revenues for Q4 2022 compared to the record Q4 2021, but an increase excluding the impact of refranchising. North America comparable sales increased, while international comparable sales decreased. Diluted earnings per share decreased slightly, and adjusted diluted earnings per share also decreased.
North America comparable sales increased by 1%.
International comparable sales decreased by 3%.
Global system-wide restaurant sales increased by 3%.
Total revenues decreased slightly by less than 1%.
Revenue by Segment
Revenue by Geographic Location
Forward Guidance
Papa John's will continue to grow on the foundation built over the past three years by delivering on strategic priorities and building the world's best pizza company.
Positive Outlook
- Investments in product innovation
- Investments in digital innovation
- Strong operational excellence
- Enhance the customer experience
- Healthy North America comparable sales and unit economics
Challenges Ahead
- Deteriorating economic conditions in the U.S. and international markets
- Labor shortages at Company and/or franchised stores and our quality control centers
- Increases in labor costs, commodity costs or sustained higher other operating costs, including as a result of supply chain disruption, inflation or climate change
- The potential for delayed new store openings, both domestically and internationally, or lower net unit development targets due to changing circumstances outside of our control
Revenue & Expenses
Visualization of income flow from segment revenue to net income
Historical Earnings Impact
Analyze how earnings announcements historically affect stock price performance
Avg. Return Before/After Earnings
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