Papa Johns Q3 revenue falls 3.1% to $506.8 million; adjusted EPS $0.43 vs. $0.53
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.
Key points
- 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.
The filing
Written by AI on Nov 8, 2026, 2:07 AM ET, from this filing only. Written later: this filing was briefed after the fact, when past filings were added to the site, so the brief may be read with hindsight; the filing itself is the record of what was known on November 07, 2024.
Briefs are written by AI from the filing text and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the AI's reading of the filing for shareholders, not a price forecast. Not investment advice.