Papa Johns Intl Inc Stock Price, News & Analysis

Papa John’s is launching 'BaconMania', featuring three limited-time bacon-infused menu items: Triple Bacon Pizza, Smoky Bacon Parmesan Crusted Papadia, and Bacon Jalapeño Popper Rolls. Exclusive tastings for Papa Rewards members begin now, with nationwide availability starting October 25 through December 27. This innovative menu follows earlier releases like the Parmesan Crusted Papadia and Epic Stuffed Crust. The company continues to emphasize its commitment to BETTER INGREDIENTS. BETTER PIZZA.®

Papa John's International, Inc. (NASDAQ: PZZA) has promoted Max Wetzel to EVP, Chief Commercial Officer, overseeing expanded responsibilities including North America restaurant operations and technology. Wetzel, who joined in November 2019, previously managed marketing and customer experience initiatives. President and CEO Rob Lynch noted the company has shifted from a turnaround phase to a growth-focused business. Innovations under Wetzel's leadership include the Epic Stuffed Crust and the Shaq-a-roni campaign, contributing to customer loyalty growth and data-driven decision-making.

Papa John's International, Inc. (NASDAQ: PZZA) has signed a monumental franchisee development agreement with Sun Holdings, committing to open 100 new stores in Texas by 2029. This marks the largest domestic franchise agreement in the company's history, reflecting strong franchisee interest and momentum. Founded by Guillermo Perales, Sun Holdings operates over 1,000 locations across 12 states and has created over 22,000 jobs, showcasing its robust market presence. The partnership aims to enhance growth opportunities for Papa John's in a key market.

Papa John’s International has successfully completed a $400 million senior notes offering with a 3.875% coupon due 2029, enhancing its financial flexibility. Additionally, the company amended its credit facility, increasing it to $600 million and extending its term by five years. The proceeds will be used to repay existing debt, aligning its balance sheet with growth initiatives. Notable moves include raising the annual dividend by 56% to $1.40 per share and authorizing a $75 million share repurchase program.

Papa John’s plans to offer up to $400 million in senior notes due 2029, seeking to enhance its financial position. The private offering, exempt from Securities Act registration, will be guaranteed by current and future domestic subsidiaries. Concurrently, the company will amend its credit agreement with JPMorgan Chase Bank, increasing its revolving credit facility to $600 million and extending the maturity by five years. The proceeds will be used to repay existing borrowings. However, the completion of these offerings is not guaranteed.

Papa John’s is bringing back the popular Shaq-a-Roni pizza, developed in partnership with board member Shaquille O’Neal. Available exclusively to Papa Rewards members starting today and to the public on August 23, the pizza costs $13 with $1 from each sale donated to The Papa John’s Foundation until October 24. The previous campaign raised over $3.6 million for charitable partners. This year, the focus also includes partnerships with organizations like Boys & Girls Clubs of America and UNCF, enhancing community support.

Papa John’s has reintroduced its popular Shaq-a-Roni pizza, created alongside board member Shaquille O’Neal. Available for a limited time, the pizza features extra cheese and pepperoni, with a portion of the proceeds going to The Papa John’s Foundation for Building Community until October 24. The campaign aims to support local organizations, building on last year’s success which raised over $3.6 million. The Shaq-a-Roni will be available to the public starting August 23, at a price of $13, with $1 donated for every pizza sold.

Papa John’s International reported a strong financial performance for Q2 2021, with revenues rising 11.8% year-over-year to $515 million. North America comparable sales grew 5.2%, while international sales surged 21.2%. Although the company faced a diluted loss per share of ($2.30) due to special items, adjusted EPS improved to $0.93. Cash flow from operations reached $128 million, contributing to a free cash flow of $100 million. The company announced a 56% increase in annual dividends to $1.40 per share, reflecting confidence in long-term growth.

Papa John's International (NASDAQ: PZZA) and its largest franchisee, Drake Food Service International (DFSI), announced plans to open over 220 new restaurants by 2025, focusing primarily on Latin America, Spain, Portugal, and the UK. This expansion includes 50 new locations in the UK, where DFSI has recently acquired over 60 existing restaurants, positioning it as the largest franchisee in the region. By 2025, DFSI will operate over 560 Papa John's restaurants globally, enhancing operational excellence and brand presence.