Papa John's Q1 revenue falls 8%, adjusted profit misses expectations

Papa Johns International

07/05/2026 12:11

Overview

U.S. pizza delivery chain's Q1 revenue fell and missed analyst expectations

Adjusted EPS for Q1 declined and missed analyst expectations

Revenue decline mainly due to refranchising and lower North America sales, partly offset by international growth

Outlook

Papa John's reiterates 2026 outlook for global system-wide restaurant sales flat to down low single-digits

Company expects 2026 North America comparable sales down 2% to 4%, international comparable sales up 2% to 4%

Papa John's sees 2026 adjusted EBITDA between $200 mln and $210 mln

Result Drivers

REFRANCHISING IMPACT - Co said revenue decline was mostly due to refranchising 85 Domestic Company-owned restaurants and lower comparable sales

INTERNATIONAL GROWTH - Co said improved performance in International markets partially offset North America declines

COST REDUCTIONS - Co said cost of sales and G&A expenses declined due to refranchising, lower volumes, commodity deflation, and absence of biannual franchisee conference

Company press release: ID:nBw4mp9GDa

Key Details

Metric
Beat/Miss
Actual
Consensus Estimate
Q1 Revenue
Miss
$478.61 mln
$485.69 mln (14 Analysts)
Q1 Adjusted EPS
Miss
$0.32
$0.35 (15 Analysts)
Q1 EPS
$0.21
Q1 Net Income
$6.94 mln


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(This story was created using Reuters automation and AI based on LSEG and company data. It was checked and edited by a Reuters journalist prior to publication.)