Papa Johns Intl Inc Stock Price, News & Analysis

Papa John’s International, Inc. (NASDAQ: PZZA) announced the relocation of its headquarters to Three Ballpark Center in Atlanta. The new 60,000 square foot space aims to enhance menu innovation and operational efficiency. The company plans to create 200 jobs in Atlanta while maintaining some operations in Louisville, KY. This strategic move is seen as an investment in long-term growth, leveraging Atlanta's diverse talent pool.

Papa John’s International, Inc. (NASDAQ: PZZA) reported a strong performance for Q3 2020, with revenues increasing 17.1% year-over-year to $472.9 million. Comparable sales surged 23.8% in North America and 20.7% internationally. The company achieved earnings per diluted share of $0.35, up from a loss of ($0.10) in the previous year. Cash flow from operations reached $168.5 million for the first nine months of 2020, with a robust free cash flow of $134.0 million. A new $75 million share repurchase program was authorized, highlighting the company's commitment to shareholder value.

Papa John’s International, Inc. (NASDAQ: PZZA) announced a quarterly dividend of $0.225 per common share, set to be paid on November 20, 2020, to shareholders on record by the close of business on November 10, 2020. This dividend translates to an annual yield of $0.90 per share. The announcement reflects the company’s ongoing commitment to returning value to shareholders amidst forward-looking risks and uncertainties discussed in their financial reports.

Papa John's International, Inc. (NASDAQ: PZZA) is set to announce its third quarter 2020 financial results before market opening on November 5, 2020. Following the release, a conference call will be held at 8:00 a.m. ET, accessible via webcast or phone. With over 5,300 locations globally, Papa John's emphasizes quality through its 'Better Ingredients. Better Pizza.' philosophy, using fresh, high-quality ingredients. The company is headquartered in Louisville, KY, and continues to expand its market presence.

Papa John’s announces the return of its popular Double Cheeseburger Pizza, priced at $12, and introduces a new Double Cheeseburger Papadia for $6. These limited-time offerings are available exclusively for Papa Rewards members from October 19 to 25, and to the public from October 26 to December 27. Both items feature seasoned beef, cheese, pickles, and burger sauce, crafted with fresh dough. This launch follows previous product innovations earlier this year, reinforcing Papa John’s commitment to quality ingredients.

Papa John’s announced it raised over $3 million from Shaq-a-Roni pizza sales for The Papa John’s Foundation for Building Community. From June 29 to August 23, $1 from every Shaq-a-Roni sold was donated. Funds support organizations like Boys & Girls Clubs of America, World Central Kitchen, and UNCF. Rob Lynch, the company’s president and CEO, emphasized the importance of giving back during challenging times, aligning with the company's values of equality and respect.

Papa John's International (NASDAQ: PZZA) has appointed Ann Gugino as the new Chief Financial Officer, effective immediately. Gugino, previously with Target Corporation, has over 20 years of financial management experience and will contribute to the company’s strategy for profitable growth and shareholder value. Steve Coke will continue as Vice President, Investor Relations and Strategy. CEO Rob Lynch emphasized Gugino’s proven leadership and experience in the consumer sector, stating that her appointment enhances the company's diverse leadership team crucial for innovation and long-term growth.

Papa John's International (NASDAQ: PZZA) reported preliminary estimated comparable sales growth for September and Q3 2020, showcasing significant performance despite pandemic challenges.

Highlights include:

• Domestic company-owned restaurants saw a 14.3% growth in Q3.
• Franchised restaurants in North America achieved a 25.5% growth.
• International system-wide restaurants recorded a 20.6% growth.

The company continues to operate nearly all North American restaurants, with only a limited number temporarily closed internationally due to COVID-19 restrictions.

Papa John’s has launched the new Shaq-a-Roni pizza in partnership with board member Shaquille O’Neal. This extra-large pizza features extra mozzarella cheese and pepperoni, with a donation of $1 from each sale directed to Boys & Girls Clubs of Canada until August 23, 2020. The initiative aims to support community efforts, including COVID relief and racial injustice. The pizza is made with Papa John’s signature six-ingredient dough. The company is dedicated to community support and continues its partnership with the Boys & Girls Clubs for leadership programs.