NASDAQ$PZZA

Papa John's International Inc · Q1 2020 earnings

Q1 2020 earnings · · Investor relations

Briefing

Papa John's reported increased revenues and earnings per share in Q1 2020, driven by strong comparable sales growth in North America.

Papa John's International, Inc. announced positive financial results for the first quarter ended March 29, 2020. The company reported earnings per diluted share of $0.15, a system-wide North America comparable sales increase of 5.3%, and an international comparable sales increase of 2.3%. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic, including the launch of No Contact Delivery and Carryout.

  • Earnings per diluted share were $0.15, compared to a loss per diluted share of ($0.12) in Q1 2019.
  • System-wide North America comparable sales increased by 5.3%.
  • International comparable sales increased by 2.3%.
  • The company launched No Contact Delivery and Carryout domestically and in many international markets.

Headline financials

Total Revenue

$410M

Previous: $398M+2.9%
EPS (adj)

$0.15

Previous: $0.31-51.6%
Domestic Comp Sales Growth

6.1%

Previous: -9.0%+167.8%
NA Franchised Comp Growth

5.1%

Previous: -6.1%+183.6%
NA Comp Sales Growth

5.3%

Previous: -6.9%+176.8%
International Comp Growth

2.3%

Previous: -0.1%+2400.0%
Capital Expenditures

-$5.93M

Previous: -$8.66M+31.5%
Free Cash Flow

$2.51M

Previous: -$10.4M+124.2%
Net Income

$8.44M

Previous: -$1.73M+587.8%
Operating Income

$15.5M

Previous: $5.51M+180.8%
Gross Profit

$410M

Previous: $398M+2.9%
Cash & Equivalents

$36.4M

Previous: $29.3M+24.3%
Total Assets

$718M

Previous: $739M-2.8%
Stock-Based Comp

$3.95M

Previous: $3.73M+5.9%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$410M

Q1 2020+2.9%vs Q1 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Papa John's · $410M total across 5 segments · Q1 2020

  • Domestic Company-owned
    $161M-0.2%
  • North America Commissaries
    $155M+4.4%
  • All Other
    $47.5M+6.7%
  • International
    $26.1M+1.5%
  • North America Franchising
    $19.4M+10.9%

Forward guidance

Due to the many uncertainties related to the COVID-19 pandemic, the company withdrew its previously provided financial outlook for 2020.

Historical earnings impact

How earnings announcements have historically affected this stock's price.

Avg. return before/after earnings

Based on 20 quarterly earnings reports · overlaid with Q1 2020

Historical avgQ1 2020

+0.9%

Avg return

Earnings day

+0.7%

Avg return

5 days after

+0.6%

Avg return

30 days after

60%

44 / 73 earnings

Positive

+17.6%

Q1 2012

Best reaction

-17.2%

Q3 2015

Worst reaction

Earnings price reactions
QuarterReport dateReaction (Day 0)+5 days+30 days
Q1 2026-2.7%+0.9%-5.6%
Q4 2025-8.6%-5.4%-6.1%
Q3 2025+3.7%+2.4%-0.2%
Q1 2025+15.9%+24.5%+49.9%
Q4 2024+1.4%+0.8%-13.8%
Q3 2024-5.4%-12.4%-16.3%
Q2 2024+5.6%+9.2%+10.4%
Q1 2024-6.7%-8.0%-17.7%
Q4 2023-0.3%+0.8%-5.1%
Q3 2023+4.2%+3.6%+3.7%
Q2 2023-0.6%+0.2%-5.5%
Q1 2023+3.1%+3.3%-4.6%
Q4 2022-7.3%-9.1%-17.4%
Q3 2022+2.7%+3.9%+13.1%
Q2 2022-5.0%-6.2%-18.1%
Q1 2022-5.8%-7.2%-5.3%
Q4 2021+0.6%+2.2%-5.8%
Q3 2021+7.3%+7.1%+0.8%
Q2 2021+4.1%+4.4%+13.3%
Q1 2021+5.7%+3.2%+0.8%
Q4 2020-12.1%-12.1%-13.9%
Q3 2020+9.7%+4.7%+6.2%
Q2 2020-1.0%-5.5%-8.8%
Q1 2020+6.1%+9.1%+3.8%
Q4 2019-13.6%+6.0%+45.0%
Q3 2019+9.4%+9.5%+5.7%
Q2 2019+3.6%+7.7%+15.7%
Q1 2019-2.3%-1.9%-5.4%
Q4 2018+2.1%+3.5%+24.1%
Q3 2018+3.4%+1.3%-16.0%
Q2 2018-8.0%-4.9%+9.1%
Q1 2018-4.3%-11.1%-12.2%
Q4 2017+0.8%+5.9%+0.1%
Q3 2017-7.1%-8.3%-12.8%
Q2 2017+9.3%+7.9%+4.9%
Q1 2017+0.7%+3.2%+4.2%
Q4 2016-7.5%-8.5%-13.6%
Q3 2016+4.0%+2.7%+15.7%
Q2 2016+4.3%+1.8%+1.3%
Q1 2016+4.4%
Q4 2015+12.3%
Q3 2015-17.2%
Q2 2015-6.4%
Q1 2015+2.4%
Q4 2014-1.8%
Q3 2014+7.1%
Q2 2014-4.9%
Q1 2014-2.9%
Q4 2013+7.2%
Q3 2013+0.5%
Q2 2013+3.8%
Q1 2013+1.9%
Q4 2012-8.1%
Q3 2012-5.4%
Q2 2012+1.7%
Q1 2012+17.6%
Q4 2011-7.0%
Q3 2011+6.6%
Q2 2011-1.5%
Q1 2011-0.8%
Q4 2010+0.5%
Q3 2010-2.6%
Q2 2010-5.5%
Q1 2010+2.1%
Q4 2007+7.3%
Q4 2009+7.3%
Q3 2008+0.7%
Q3 2009+0.7%
Q2 2009+7.0%
Q1 2008+6.8%
Q4 2008+6.8%
Q2 2008+6.8%
Q1 2009+6.8%

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