NASDAQ$PZZA

Papa John's International Inc · Q4 2020 earnings

Q4 2020 earnings · · Investor relations

Briefing

Papa John's outperformed expectations in Q4 2020, driven by strong comparable sales growth and international expansion.

Papa John's International, Inc. announced strong financial results for Q4 2020, with total revenues up 12.5% to $469.8 million. Comparable sales increased by 13.5% in North America and 21.4% internationally. Earnings per diluted share rose to $0.28, and adjusted earnings per diluted share grew to $0.40.

  • Total revenues increased by 12.5% compared to the prior year.
  • North America comparable sales grew by 13.5%.
  • International comparable sales surged by 21.4%.
  • Adjusted earnings per diluted share increased to $0.40.

Headline financials

Total Revenue

$470M

Previous: $418M+12.5%
EPS (adj)

$0.40

Previous: $0.37+8.1%
Domestic Comp Sales Growth

10.2%

Previous: 4.1%+148.8%
NA Franchised Comp Growth

14.5%

Previous: 3.3%+339.4%
NA Comp Sales Growth

13.5%

Previous: 3.5%+285.7%
International Comp Growth

21.4%

Previous: 2.4%+791.7%
Global System-wide Growth

15.5%

Previous: 4.4%+252.3%
Capital Expenditures

$11.4M

Previous: $10.2M+12.0%
Free Cash Flow

$6.51M

Previous: $1.59M+310.4%
Net Income

$13.2M

Previous: -$2.14M+714.7%
Operating Income

$19.7M

Previous: -$132K+15022.7%
Gross Profit

$87.5M

Previous: $79.3M+10.4%
Cash & Equivalents

$130M

Previous: $27.9M+366.5%
Total Assets

$873M

Previous: $731M+19.4%
Stock-Based Comp

$3.24M

Previous: $3.01M+7.7%

Revenue & EPS history

Papa John's · Revenue · Quarterly

$470M

Q4 2020+12.5%vs Q4 2019
Beat estimate in 8 of 16 quarters(50%)
ActualEstimate

Revenue by segment

Papa John's · $470M total across 5 segments · Q4 2020

  • North America Commissaries
    $176M+9.0%
  • Domestic Company-owned
    $174M+8.0%
  • All Other
    $54.7M+13.0%
  • International
    $36.4M+34.3%
  • North America Franchising
    $27.8M+49.6%

Forward guidance

Given on-going uncertainty surrounding the future impact of COVID-19, we are not providing outlook for 2021 at this time.

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 Q4 2020

Historical avgQ4 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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