NASDAQ$PZZA

Papa John's International Inc · Q1 2021 earnings

Q1 2021 earnings · · Investor relations

Briefing

Papa John's reported strong first quarter results driven by menu innovation and international growth.

Papa John's International, Inc. announced financial results for the first quarter ended March 28, 2021, with total revenues increasing 24.9% to $511.7 million. Comparable sales were up 26.2% in North America and 23.2% internationally. Diluted earnings per share rose to $0.82, and adjusted diluted earnings per share grew to $0.90.

  • Total revenues increased 24.9% to $511.7 million.
  • Comparable sales up 26.2% in North America and 23.2% Internationally.
  • Earnings per diluted share rose to $0.82 from $0.15; Adjusted earnings per diluted share grew to $0.90 from $0.15
  • Free cash flow of $52.7 million

Headline financials

Total Revenue

$512M

Previous: $410M+24.9%
EPS (adj)

$0.90

Previous: $0.15+500.0%
Domestic Comp Sales Growth

23.3%

Previous: 6.1%+282.0%
NA Franchised Comp Growth

27.1%

Previous: 5.1%+431.4%
NA Comp Sales Growth

26.2%

Previous: 5.3%+394.3%
International Comp Growth

23.2%

Previous: 2.3%+908.7%
Capital Expenditures

-$7.08M

Previous: -$5.93M-19.3%
Free Cash Flow

$26.8M

Previous: $2.51M+968.0%
Net Income

$33.9M

Previous: $8.44M+301.3%
Operating Income

$46.9M

Previous: $15.5M+202.9%
Gross Profit

$512M

Previous: $410M+24.9%
Cash & Equivalents

$171M

Previous: $36.4M+370.8%
Total Assets

$918M

Previous: $718M+27.8%
Stock-Based Comp

$4.11M

Previous: $3.95M+4.1%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$512M

Q1 2021+24.9%vs Q1 2020
Beat estimate in 9 of 16 quarters(56%)
ActualEstimate

Revenue by segment

Papa John's · $512M total across 5 segments · Q1 2021

  • Domestic Company-owned
    $197M+22.2%
  • North America Commissaries
    $185M+19.0%
  • All Other
    $62.3M+31.2%
  • International
    $34.6M+32.8%
  • North America Franchising
    $32.7M+68.3%

Forward guidance

The press release does not contain specific forward guidance.

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 2021

Historical avgQ1 2021

+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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