Papa John's Q2 2026 revenue falls 8.8%, cuts EBITDA outlook and suspends dividend
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.
Key points
- 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%.
The filing
Written by AI (Anthropic Claude, claude-haiku-5-5) on Nov 8, 2026, 2:07 AM ET, from the text of the filing and its press-release exhibits 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 August 06, 2026.
Briefs are written by AI from the filing text (each brief's own page names the model) and can contain mistakes — open the filing before acting on anything. Impact (1-5) and tone are the model's reading of the filing for shareholders, not a price forecast. Not investment advice.