NASDAQ$PZZA

Papa John's International Inc · Q3 2020 earnings

Q3 2020 earnings · · Investor relations

Briefing

Papa John's revenues increased and earnings per share rose due to strong comparable sales.

Papa John's International, Inc. announced strong financial results for Q3 2020, with revenues increasing by 17.1% compared to Q3 2019. Comparable sales increased 23.8% in North America and 20.7% internationally. Earnings per diluted share increased to $0.35, a significant improvement from the loss per diluted share of ($0.10) in Q3 2019.

  • Company revenues increased 17.1% compared to third quarter of 2019
  • Comparable sales increased 23.8% in North America and 20.7% Internationally in the third quarter
  • Earnings per diluted share increased to $0.35 compared to third quarter 2019 loss per diluted share of ($0.10)
  • New $75 million share repurchase program authorized

Headline financials

Total Revenue

$473M

Previous: $404M+17.1%
EPS (adj)

$0.35

Previous: $0.21+66.7%
Domestic Comp Sales Growth

18.2%

Previous: 2.2%+727.3%
NA Franchised Comp Growth

25.6%

Previous: 0.6%+4166.7%
NA Comp Sales Growth

23.8%

Previous: 1.0%+2280.0%
International Comp Growth

20.7%

Previous: 1.6%+1193.7%
Global System-wide Growth

21.6%

No prior period
Capital Expenditures

-$24.3M

Previous: -$27.5M+11.9%
Free Cash Flow

-$8.56M

Previous: -$27.2M+68.5%
Net Income

$15.7M

Previous: $385K+3980.0%
Operating Income

$24.5M

Previous: $4.93M+398.3%
Gross Profit

$473M

Previous: $404M+17.1%
Cash & Equivalents

$140M

Previous: $28.4M+393.7%
Total Assets

$817M

Previous: $731M+11.8%
Stock-Based Comp

$4.33M

Previous: $4.76M-9.1%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$473M

Q3 2020+17.1%vs Q3 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Papa John's · $473M total across 5 segments · Q3 2020

  • North America Commissaries
    $181M
  • Domestic Company-owned
    $178M
  • All Other
    $54.5M
  • International
    $33.4M
  • North America Franchising
    $25.3M

Forward guidance

The company did not provide specific forward guidance in this earnings report.

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 Q3 2020

Historical avgQ3 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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