Every material Form 8-K Papa John's Pizza has filed with the SEC since November 07, 2024, read and summarized by AI: what happened, the key figures, whether it reads positive or negative for shareholders, and how big a deal it is (impact 1-5). Newest first; each brief links to its own page and to the filing on SEC.gov.
Papa Johns reported third quarter 2026 results, with total revenues of $454.8 million, down 10.5% from the prior year, and diluted earnings per share of $0.09 versus $0.13. The company also lowered its 2026 outlook, now expecting adjusted EBITDA of approximately $175 million, down from $180 million to $190 million, and global system-wide restaurant sales down about 5%, versus a prior decline of 2% to 4%. For shareholders, the weaker sales and lower profit outlook show continued pressure, and the company is funding a new marketing framework that increases local marketing investment by franchisees.
Q3 total revenues were $454.8 million versus $508.2 million; net income was $3.3 million versus $4.5 million.
Q3 adjusted EBITDA was $38.1 million versus $47.8 million; adjusted diluted EPS was $0.16 versus $0.32.
2026 adjusted EBITDA guidance is now approximately $175 million, from $180 million to $190 million.
North America comparable sales fell 8.3% in Q3; full-year North America comparable sales are now expected to decline about 8%.
Papa John's reported second quarter 2026 revenue of $482.4 million, down 8.8% from a year earlier, and diluted EPS of $0.24 versus $0.28. The company cut its 2026 adjusted EBITDA outlook to $180 million to $190 million from $200 million to $210 million and suspended its quarterly dividend beginning with the third quarter of 2026, which shareholders will not receive under the new policy.
Total revenues were $482.4 million, down $46.8 million, or 8.8%, from the prior year second quarter; net income was $8.7 million versus $9.7 million.
North America comparable sales fell 8.3%, while International comparable sales rose 1.5%.
Adjusted diluted EPS was $0.46 versus $0.41, excluding items the company defines as non-GAAP.
2026 outlook: adjusted EBITDA lowered to $180 million to $190 million; North America comparable sales now expected down 6% to 8%, from down 2% to 4%.
Papa John's Chief Financial Officer and President, North America Ravi Thanawala is leaving effective June 30, 2026 to become CFO at another public company, and Chris Collins has been named interim CFO while the company searches for a permanent replacement. The filing states the resignation was not due to any disagreement with the company, and Thanawala will advise through July 31, 2026, with no severance entitlement.
Ravi Thanawala resigns as CFO and President, North America, effective June 30, 2026; advisory role through July 31, 2026
Christopher K. Collins, 56, SVP of Corporate Finance and Principal Accounting Officer, appointed interim CFO effective June 30, 2026
Collins' base salary raised to $415,000 and target bonus set at 75% of base salary while he serves as interim CFO
Marc Richard, SVP of North America Operations, takes over all North America operations; second quarter results due August 6, 2026
Papa John's reported first quarter 2026 results, with total revenues down 7.7% to $478.6 million and net income down to $6.9 million from $9.3 million a year earlier. Diluted earnings per share fell to $0.21 from $0.27, and the company reiterated its full-year 2026 guidance, which it says is not directly comparable with the prior year because of a fourth quarter 2025 refranchising transaction.
Total revenues were $478.6 million, down $39.7 million from $518.3 million in the first quarter of 2025.
Net income was $6.9 million versus $9.3 million; diluted EPS was $0.21 versus $0.27 and adjusted diluted EPS was $0.32 versus $0.36.
North America comparable sales decreased 6.4%, while International comparable sales increased 3.6%.
The company reiterated its 2026 outlook, including adjusted EBITDA of $200 million to $210 million, and declared a $0.46 per share second quarter dividend payable May 29, 2026.
Papa John's reported fourth quarter and full year 2025 results on February 26, 2026. Net income and diluted EPS fell sharply from 2024, while total revenues were flat for the year, and the company introduced 2026 guidance that calls for adjusted EBITDA of $200 million to $210 million, compared with $201 million in 2025.
Q4 2025 diluted EPS was $0.21 versus $0.44 a year earlier; Q4 total revenues were $498.2 million, down 6.1%.
Full year 2025 diluted EPS was $0.90 versus $2.54 in 2024; total revenues were $2.1 billion, flat year over year.
2026 outlook: North America comparable sales down 2% to 4%, International comparable sales up 2% to 4%, and adjusted EBITDA of $200 million to $210 million.
The Board declared a first quarter 2026 dividend of $0.46 per common share.
Papa John's promoted Ravi Thanawala from CFO and EVP, International to CFO and President, North America, effective November 18, 2025, while keeping his role as principal financial officer. Chief Restaurant and Global Development Officer Joe Sieve departed effective November 17, 2025, and the company's International business moves to Chris Lyn-Sue.
Ravi Thanawala named CFO and President, North America, effective November 18, 2025; base salary rises to $700,000 from $675,000
Annual cash incentive target increased to 100% of base salary from 75%
Joe Sieve, Chief Restaurant and Global Development Officer, departed effective November 17, 2025; severance is subject to a release of claims
Chris Lyn-Sue promoted to Senior Vice President, General Manager of International
Papa John's reported third quarter 2025 total revenues of $508 million, flat year over year, while net income fell to $4 million from $42 million and diluted EPS fell to $0.13 from $1.27. The prior-year quarter included a $41.3 million pre-tax gain on the sale of two QC Center properties. The company also lowered its 2025 adjusted EBITDA outlook to $190 million to $200 million from $200 million to $220 million.
Total revenues were $508 million, up 0.3% from $506.8 million a year earlier, and net income was $4 million versus $42 million.
North America comparable sales decreased 3%, while International comparable sales increased 7%.
Adjusted EBITDA was $48 million versus $50 million; adjusted diluted EPS was $0.32 versus $0.43.
2025 guidance: adjusted EBITDA cut to $190 million to $200 million; North America comparable sales now down 2% to 2.5%.
Papa John's reported second quarter 2025 results on August 7, 2025. Total revenues rose 4.2% to $529.2 million, but net income fell to $9.7 million from $12.5 million and diluted earnings per share fell to $0.28 from $0.37. The company reiterated most of its 2025 outlook and raised its International comparable sales range to up 2% to 4%.
Total revenues were $529.2 million, up $21.3 million or 4.2%, mainly due to a $20.3 million increase in Commissary revenues.
Net income was $9.7 million versus $12.5 million, and adjusted EBITDA was $52.6 million versus $58.9 million a year earlier.
Adjusted diluted EPS was $0.41 versus $0.61 in the prior year second quarter.
International comparable sales guidance was raised to up 2% to 4% from flat to up 2%; adjusted EBITDA guidance of $200 million to $220 million was reiterated.
Papa John's International appointed Chris Collins, its former Vice President, Finance, as Senior Vice President of Corporate Finance and Principal Accounting Officer on July 2, 2025. CFO Ravi Thanawala will continue as principal financial officer, and the filing describes this as a promotion for Collins, who has been with the company since April 2021.
Chris Collins, 55, was promoted from Vice President, Finance to Senior Vice President of Corporate Finance effective July 2, 2025
Collins takes over as principal accounting officer from Ravi Thanawala, who remains principal financial officer
Collins previously served as interim principal financial officer and principal accounting officer from March 22, 2023, until July 24, 2023
Papa John's promoted Caroline Miller Oyler to the newly created role of Chief Administrative Officer, effective June 5, 2025. She will oversee human resources in addition to legal, risk, safety and security, and internal audit, and the Compensation Committee approved a higher pay package tied to the promotion.
Effective date: June 5, 2025; the role is newly created
Annual base salary increased to $575,000; cash incentive target unchanged at 75% of base salary
Annual long-term incentive opportunity valued at $650,000, pro-rated for 2025; one-time restricted stock award of $100,000 vesting one-third per anniversary
Oyler has been with the company 26 years and previously served as Chief Legal and Risk Officer since 2018
Papa John's reported first quarter 2025 results on May 8, 2025, with total revenues up 0.9% to $518.3 million while net income fell to $9.3 million from $14.9 million. The company reiterated its 2025 annual guidance, including adjusted EBITDA of $200 million to $220 million, so shareholders see higher sales offset by lower profit with no change to the outlook.
Total revenues were $518.3 million, up $4.4 million, or 0.9%, from the prior year quarter.
Net income was $9.3 million versus $14.9 million, and diluted EPS was $0.27 versus $0.44.
Adjusted EBITDA was $49.6 million versus $60.6 million; adjusted diluted EPS was $0.36 versus $0.67.
The company reiterated 2025 adjusted EBITDA guidance of $200 million to $220 million.
Papa Johns entered a second amended and restated credit agreement dated March 26, 2025, providing a $200.0 million senior secured term loan and a $600.0 million revolving facility, both maturing March 26, 2030. The company said the term loan proceeds will repay revolver borrowings, which were about $158.9 million drawn as of March 26, 2025, and that the transaction is leverage neutral. The filing shows the refinancing extends the debt maturity profile and adds borrowing capacity, while the new credit agreement keeps a maximum leverage ratio of 5.25 to 1.00 and adds a liquidity requirement tied to the 2029 senior notes.
$200.0 million senior secured term loan and $600.0 million revolving facility, both maturing March 26, 2030
About $158.9 million of the revolver was drawn as of March 26, 2025; term loan proceeds will repay revolver borrowings
Maximum leverage ratio of 5.25 to 1.00 and minimum liquidity of $150.0 million during the period tied to the senior notes due 2029
Term loan amortizes in quarterly installments beginning June 30, 2026
Papa John's reported fourth quarter 2024 results, with total revenues of $530.8 million, down 7.1% from a year earlier, and diluted earnings per share of $0.44 versus $0.79. The company also introduced 2025 guidance, including system-wide sales growth of 2% to 5% and Adjusted EBITDA of $200 million to $220 million, giving shareholders its first full outlook for the year.
Q4 2024 total revenues of $530.8 million, down 7.1%; about $41 million of the decline was tied to the extra week of operations in Q4 2023
North America comparable sales fell 4% in Q4 2024, while International comparable sales rose 2%
Q4 2024 diluted EPS was $0.44 vs $0.79; adjusted diluted EPS was $0.63 vs $0.91
2025 guidance: system-wide sales up 2% to 5%, Adjusted EBITDA $200 million to $220 million, capital expenditures $75 million to $85 million
Papa John's International said director Anthony Sanfilippo resigned from its Board of Directors, effective February 18, 2025, having informed the Board of his decision that day. The company thanked him for six years of service to the Board. The filing does not state a reason for the resignation or name a replacement.
Anthony Sanfilippo resigned from the Board of Directors effective February 18, 2025
He informed the Board of his decision on February 18, 2025
The company thanked him for his service of the last six years
The 8-K was filed February 20, 2025 and signed by Chief Legal & Risk Officer Caroline Miller Oyler
Papa John's released preliminary, unaudited sales and unit development figures for the fourth quarter and full year 2024, ahead of an investor conference. Global system-wide sales fell about 3% for the year, and North America comparable sales declined 4%, so the results show weaker sales. Final results are due before the market opens on February 27, 2025.
Full-year 2024 global system-wide sales were about $4.9 billion, down about 3% from 2023, and down about 1% excluding the 53rd week in 2023.
North America comparable sales were down 4% for the full year and down 4% in the fourth quarter.
International comparable sales were up 2% in the fourth quarter but down less than 1% for the full year.
The company had 124 net new restaurants in 2024, and final results are scheduled for February 27, 2025.
Papa Johns reported third quarter 2024 results for the period ended September 29, 2024. Total revenues fell 3.1% to $506.8 million, and adjusted diluted EPS fell to $0.43 from $0.53, while GAAP diluted EPS rose to $1.27 from $0.48, helped by a $41.3 million gain on the sale of two Quality Control Center properties. Shareholders face lower underlying sales and profit alongside a one-time gain that lifted reported earnings.
Total revenues were $506.8 million, down $16.0 million or 3.1% from a year earlier.
Diluted EPS was $1.27 versus $0.48, including a $41.3 million gain on sale of QC Center properties; adjusted diluted EPS was $0.43 versus $0.53.
Adjusted operating income fell $4.3 million, or 12.9%, to $29.3 million, mainly due to lower Domestic Company-owned restaurant margins.
Total comparable sales declined 4.9% in the quarter, and the board declared a fourth quarter dividend of $0.46 per share payable November 29, 2024.
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