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Papa John's International Inc

papajohns.com

Papa John's International Inc (NASDAQ: PZZA) is a pizza restaurant company that franchises and operates pizza delivery and carryout restaurants. The company generates revenue through royalties and fees collected from franchisees, sales at company-owned restaurants, and sales of food and paper products to franchisees through its commissary supply chain. Papa John's competes in the pizza quick-service restaurant segment against Domino's Pizza and Pizza Hut, among others. Most sales occur through digital channels, according to the FY2025 10-K filed February 26, 2026. The company's strategy centers on menu quality positioning, personalized digital marketing using customer data, and franchisee partnership growth. Papa John's operates as a franchisor-led system, with franchisee investment driving unit expansion while the corporate entity collects royalty income and commissary margins.

Products & Services

Pizza delivery and carryout; franchised and company-owned restaurant operations; commissary supply of food and paper products to franchisees; digital ordering platforms and owned-channel technology.

Revenue Model

Revenue comes from three main sources: royalties and fees from franchisees, net sales at company-owned restaurants, and commissary sales of food and paper products supplied to franchisees. The franchise model makes royalty and commissary income the primary profit drivers.

Customers & Markets

End consumers purchasing pizza via delivery and carryout, predominantly through digital channels. Franchisees are direct customers of commissary supply and royalty-fee arrangements. Marketing targets regional and local market segments with personalized digital offers.

Geographic Exposure

The filing references key regional and local markets but does not provide a specific geographic revenue breakdown in the excerpts provided.

Financial Snapshot

Revenue
TTM
$2.014B
Gross Margin
TTM
28.75%
Net Income
TTM
$28.32M
Current Assets
2026 Q1
Current Liabilities
2026 Q1
Current Ratio
2026 Q1
84.44%
Total Assets
2026 Q1
Total Liabilities
2026 Q1
Book Value
2026 Q1
-$437.4M
Cash
2026 Q1
P/E
TTM
34.74
Free Cash Flow
TTM
$26.23M

Stock Price

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Market Cap: $983.77 Million

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