The earnings call reflects a company making strides in marketing, loyalty, and international growth, with promising technological partnerships. However, it also faces challenges in domestic sales and profitability, indicating a mixed performance.

Company Guidance -

Q2 2025

In the first quarter of 2025, Papa John's provided robust guidance highlighting several key metrics and strategic initiatives aimed at driving growth. The company reported a global system-wide restaurant sales of $1.22 billion, a 1% increase in constant currency. North America comparable sales decreased by 2.7%, but showed a sequential improvement of 290 basis points since the previous quarter. Despite a decrease in ticket comps by 2%, primarily due to strategic adjustments in their loyalty program, international sales increased by 3%. Papa John's anticipates system-wide sales growth of 2% to 5% for 2025, with North America comparable sales expected to range from flat to up 2%. The first quarter saw the addition of approximately 1 million loyalty members, bringing the total to over 37 million. The company is investing significantly in marketing, with an additional $25 million planned for 2025 to enhance brand perception and customer engagement. Furthermore, Papa John's is leveraging a new partnership with Google Cloud to improve its technology infrastructure, enhancing customer personalization and delivery efficiency. The company aims to open 85 to 115 new restaurants in North America and 180 to 200 internationally, while also evaluating refranchising opportunities to optimize growth and profitability.

Sequential Improvement in Sales and Transactions

Papa John's experienced sequential improvement in sales and transaction comps compared to Q4 2024, with a 4% increase in the number of pizzas ordered versus last year.

Successful Marketing Campaigns

The 'Meet the Makers' marketing campaign improved value perception and increased customer awareness and consideration, contributing to significant gains in brand health.

Loyalty Program Expansion

The Papa Rewards loyalty program added approximately 1 million members in Q1, increasing total membership to over 37 million, with significant growth among medium and high-frequency consumers.

International Sales Growth

International comparable sales increased by 3% year-over-year in Q1, with strength across focus countries, including mid-single digit or double-digit growth in key markets.

Technology Enhancements

A partnership with Google Cloud aims to enhance ordering and delivery experiences and improve personalization, leveraging AI for better customer engagement.

Papa John's International (PZZA) Earnings, Revenues Date & History

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PZZA Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Aug 07, 2025	2025 (Q2)	0.34 / -	0.61	―	―	―
May 08, 2025	2025 (Q1)	0.36 / 0.36	0.67	-46.27% (-0.31)	―
Feb 27, 2025	2024 (Q4)	0.50 / 0.63	0.91	-30.77% (-0.28)	―
Nov 07, 2024	2024 (Q3)	0.43 / 0.43	0.53	-18.87% (-0.10)	―
Aug 08, 2024	2024 (Q2)	0.53 / 0.61	0.59	3.39% (+0.02)	―
May 09, 2024	2024 (Q1)	0.57 / 0.67	0.68	-1.47% (-0.01)	―
Feb 29, 2024	2023 (Q4)	0.72 / 0.91	0.71	28.17% (+0.20)	―
Nov 02, 2023	2023 (Q3)	0.57 / 0.53	0.54	-1.85% (-0.01)	―
Aug 03, 2023	2023 (Q2)	0.59 / 0.59	0.74	-20.27% (-0.15)	―
May 04, 2023	2023 (Q1)	0.67 / 0.68	0.95	-28.42% (-0.27)	―

The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.

Beat

Missed

PZZA Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
May 08, 2025	$32.92	$38.16	+15.92%
Feb 27, 2025	$45.71	$46.36	+1.42%
Nov 07, 2024	$56.30	$53.70	-4.62%
Aug 08, 2024	$40.68	$41.39	+1.75%

Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.