NASDAQ$PZZA

Papa John's International Inc · Q2 2020 earnings

Q2 2020 earnings · · Investor relations

Briefing

Papa John's reported record sales driven by strong North America comparable sales growth and international expansion.

Papa John's International, Inc. announced strong financial results for Q2 2020, marked by a significant increase in earnings per share and comparable sales growth in both North America and international markets. The company's performance was boosted by its ability to meet customer needs during the COVID-19 pandemic, as well as successful product innovation and charitable contributions.

  • Earnings per diluted share increased to $0.48, compared to $0.15 in Q2 2019.
  • System-wide North America comparable sales increased by 28.0%.
  • International comparable sales increased by 5.3%, or 13.3% excluding temporary closures.
  • The company hired over 20,000 new restaurant team members during the quarter.

Headline financials

Total Revenue

$461M

Previous: $400M+15.3%
EPS (adj)

$0.48

Previous: $0.28+71.4%
Domestic Comp Sales Growth

22.6%

No prior period
NA Comp Sales Growth

28.0%

No prior period
International Comp Growth

5.3%

No prior period
Capital Expenditures

-$13.8M

Previous: -$17.8M+22.7%
Free Cash Flow

$6.82M

Previous: -$9.48M+171.9%
Net Income

$20.6M

Previous: $8.35M+146.8%
Operating Income

$30.5M

Previous: $14.2M+114.6%
Gross Profit

$461M

Previous: $400M+15.3%
Cash & Equivalents

$75.7M

Previous: $30.7M+146.9%
Total Assets

$758M

Previous: $727M+4.3%
Stock-Based Comp

$4.79M

Previous: $3.8M+26.1%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$461M

Q2 2020+15.3%vs Q2 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Papa John's · $461M total across 5 segments · Q2 2020

  • Domestic Company-owned
    $187M
  • North America Commissaries
    $168M
  • All Other
    $54.2M
  • International
    $28.1M
  • North America Franchising
    $24.2M

Forward guidance

Papa John's anticipates providing approximately $12 to $15 million of Temporary Franchise Support in the third quarter of 2020, with the majority allocated to marketing fund investments, concluding the Temporary Franchise Support program.

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 Q2 2020

Historical avgQ2 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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