NASDAQ$PZZA

Papa John's International Inc · Q2 2021 earnings

Q2 2021 earnings · · Investor relations

Briefing

Papa John's revenues increased, comparable sales grew in North America and internationally, and adjusted EPS increased.

Papa John's International, Inc. announced strong financial results for Q2 2021, with total company revenues increasing by 11.8% to $515.0 million. Comparable sales were up 5.2% in North America and 21.2% internationally. Adjusted earnings per diluted share grew to $0.93 from $0.48 a year ago. The company also increased its annual dividend rate by 56% to $1.40 per share.

  • Total company revenues increased 11.8% to $515.0 million.
  • Comparable sales up 5.2% in North America and 21.2% Internationally.
  • Global system-wide restaurant sales of $1.2 billion, up 12.2%.
  • Adjusted earnings per diluted share grew to $0.93 from $0.48 a year ago.

Headline financials

Total Revenue

$515M

Previous: $461M+11.8%
EPS (adj)

$0.93

Previous: $0.48+93.8%
Domestic Comp Sales Growth

5.6%

Previous: 22.6%-75.2%
NA Franchised Comp Growth

5.2%

No prior period
NA Comp Sales Growth

5.2%

Previous: 28.0%-81.4%
International Comp Growth

21.2%

Previous: 5.3%+300.0%
Global System-wide Growth

12.2%

No prior period
Capital Expenditures

-$21.5M

Previous: -$13.8M-56.2%
Free Cash Flow

$10.7M

Previous: $6.82M+57.1%
Net Income

$32.3M

Previous: $20.6M+56.5%
Operating Income

$44.6M

Previous: $30.5M+46.2%
Gross Profit

$515M

Previous: $461M+11.8%
Cash & Equivalents

$96.2M

Previous: $75.7M+27.1%
Total Assets

$856M

Previous: $758M+12.9%
Stock-Based Comp

$4.09M

Previous: $4.79M-14.7%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$515M

Q2 2021+11.8%vs Q2 2020
Beat estimate in 10 of 16 quarters(63%)
ActualEstimate

Revenue by segment

Papa John's · $515M total across 5 segments · Q2 2021

  • Domestic Company-owned
    $196M+5.2%
  • North America Commissaries
    $187M+11.3%
  • All Other
    $62.2M+14.6%
  • International
    $37.6M+33.9%
  • North America Franchising
    $32.5M+34.3%

Forward guidance

The press release does not contain any 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 Q2 2021

Historical avgQ2 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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