Papa John’s International ( (PZZA) ) has released its Q1 earnings. Here is a breakdown of the information Papa John’s International presented to its investors.
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Papa John’s International, Inc. is a leading global pizza delivery company, known for its commitment to high-quality ingredients and a unique value proposition, operating over 6,000 restaurants across 50 countries. In its first quarter of 2025, Papa John’s reported a slight increase in total revenues to $518 million, driven by higher commissary and advertising revenues, despite a decline in North American sales. The company opened 47 new restaurants globally, with international sales showing a positive trend, up by 3% compared to the previous year. However, net income decreased to $9 million, reflecting increased general and administrative expenses related to marketing and loyalty investments. Adjusted EBITDA also saw a decline, attributed to these higher expenses. Looking ahead, Papa John’s management remains optimistic about its strategic direction, focusing on growing restaurant sales and building long-term value, with expectations of system-wide sales growth between 2% and 5% for the year.