Papa Johns: Announces Q2-2024 Financial Results

Louisville / KY. (pj) Papa John’s International Inc., one of the world’s largest pizza delivery companies, announced financial results for the second quarter ended June 30, 2024. «I am honored and excited to join the Papa Johns team and look forward to building a strong and collaborative partnership with our franchisees,» said Todd Penegor, President and Chief Executive Officer. «As we move forward together, our number one priority will be to create great experiences for our customers and team members, while also ensuring the restaurant economic model is strong. We will move quickly to build on our strengths and execute today as we evolve to be even better tomorrow.»

Chief Financial Officer Ravi Thanawala: «Papa Johns’ commitment to maintaining the quality of our product and brand as well as managing our costs drove continued improvement in restaurant-level margins and Adjusted operating income, helping to offset our softer sales in the second quarter. During the quarter, demand for our core product – pizza, remained solid despite facing a highly promotional QSR environment and a more value-conscious consumer.

«We recognize there is work to do to achieve our full potential. We are committed to doing what is necessary to become the pizza brand of choice for consumers and franchisees around the world,» continued Thanawala. «We are actively pursuing opportunities that sharpen our focus, improve unit economics, drive unit development and provide an excellent consumer experience. We are evolving our marketing to meet consumers’ value expectations, investing in our digital experience to streamline our ordering journey and enhancing our loyalty experience to drive consumer engagement. We are confident that our approach will drive long-term increased franchisee profitability and sustainable, profitable growth for all stakeholders.» For additional information please read the Company’s PDF file below (172 KB):

20240810-PAPA-JOHNS-Q22024.