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Papa Murphy's Holdings, Inc.

No Longer Reporting

The company has not filed an annual or quarterly report since its Q1 FY2019 10-Q, filed May 8, 2019. Its latest SEC filing is a 4 from Jun 14, 2019.

The sections below describe the company as of the FY2018 annual report.

What Did They Do?

Sells fresh, made-to-order pizzas for people to take home and bake.

How Did They Make Money?

Company-owned stores collect payment when food is sold; franchise royalties are based on store sales and generally collected after each week ends. Franchise and development fees are paid in advance, typically when a new agreement is entered.

revenue

Who Were Their Customers?

Consumers buy made-to-order pizzas directly from stores or order online for pickup or through third-party delivery services; franchise owners operate most locations.

Did Revenues Turn Into Profits?

Yes. It kept 3 cents of every revenue dollar as net income in .

Operating income,
9% of revenue
▲ +17% vs ($9.6M, 8%)
Net income,
3% of revenue
▲ +63% vs ($2.6M, 2%)

How Were They Changing?

Since the FY2018 annual report
Latest quarter: Q1 FY2019, the three months to Apr 1, 2019
Revenue
▼ −17%
vs $34.8M in Q1 FY2018
Net income
▲ +14%
vs $1.6M in Q1 FY2018
  • May 23, 2019 MTY completed its acquisition of Papa Murphy’s Papa Murphy’s became an indirect wholly owned subsidiary of MTY, and its shares stopped trading on Nasdaq.
  • Apr 11, 2019 Papa Murphy’s agreed to be acquired by MTY The merger agreement called for an all-cash tender offer followed by a merger.

Grew. Revenue grew 30% in 4 years, from $97.4M in to $126.4M in , about 7% a year.

Customer focus The earlier report says it actively targeted mothers and families; the newer report describes the concept as appealing across ages, demographics, and income levels.

Who Did They Compete With?

Competes with Domino’s Pizza, Pizza Hut, Papa John’s, and Little Caesars Pizza

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