Welcome to our dedicated page for Papa John's International news (Ticker: PZZA), a resource for investors and traders seeking the latest updates and insights on Papa John's International stock.
Papa John's International Inc. reports news on a global pizza restaurant system built around company-owned restaurants, franchised restaurants, North America commissaries, and international operations. Company updates commonly cover system-wide restaurant sales, comparable sales in North America and international markets, restaurant openings, earnings releases, dividend declarations, and refranchising activity.
Recurring announcements also include Papa Johns menu and digital-commerce initiatives, such as new product categories, limited-time promotions, the Papa Rewards and Papa Dough loyalty programs, mobile-app ordering features, and brand collaborations tied to the company’s delivery and carryout business.
Papa John’s (PZZA) has entered an agreement with Starboard Value LP to repurchase and convert all Series B Convertible Preferred Shares held by Starboard. This transaction, expected to close on May 13, 2021, involves a one-time payment of $183.9 million and will result in an increase of approximately 3.5 million shares of common stock, leading to a pro forma EPS increase of $0.09. Additionally, the 3.6% dividend associated with the Preferred Shares will be eliminated, enhancing shareholder value. Starboard will retain a 9.5% stake post-transaction.
Papa John’s International (NASDAQ: PZZA) reported a strong performance for Q1 2021, with total revenues of $511.7 million, marking a 24.9% increase year-over-year. Comparable sales surged 26.2% in North America and 23.2% internationally, fueled by menu innovations like the new Epic Stuffed Crust pizza. Earnings per diluted share rose to $0.82 from $0.15, with adjusted earnings at $0.90. The company achieved 68 new unit openings, expanding to 50 countries. Free cash flow at $52.7 million underscores strong operational cash generation.
Papa John’s International, Inc. (NASDAQ: PZZA) announced a quarterly dividend of $0.225 per common share, payable on May 21, 2021, to shareholders of record by May 11, 2021. This establishes an annual dividend of $0.90 per common share. The declaration reflects the company's ongoing commitment to returning value to shareholders while navigating potential risks as outlined in its 10-K report, emphasizing the importance of staying informed on risk factors.
Papa John's International, Inc. (NASDAQ: PZZA) is set to release its first quarter 2021 financial results on May 6, 2021, prior to market opening. A conference call will follow at 8:00 a.m. ET for investors to discuss the results. The company emphasizes its commitment to quality with a focus on fresh ingredients, including real cheese and vine-ripened tomatoes. As of December 27, 2020, it operates 5,400 restaurants globally, making it the third largest pizza delivery chain.
Papa John's International, Inc. (NASDAQ: PZZA) announces the opening of 15 new restaurants in Cambodia within the next three years, starting with a flagship location in Phnom Penh. Franchisee Peter Xu, formerly successful in New York City, aims to deliver quality pizza backed by the company's promise of BETTER INGREDIENTS. BETTER PIZZA. COO Jack Swaysland highlights this expansion as crucial for international growth, following a record year of sales. The brand currently operates in 48 countries and seeks to expand further in Brazil, Japan, and Southeast Asia.
Papa John’s International reported a 12.5% revenue increase, reaching $469.8 million in Q4 2020 compared to 2019. Comparable sales rose 13.5% in North America and 21.4% internationally. The company swung to a net income of $13.2 million or $0.28 per diluted share, improving from a loss of ($2.1 million) or ($0.18) per share last year. Full-year revenues were $1.8 billion, reflecting a 12.0% increase. Cash flow from operations surged $186.4 million, while free cash flow reached $137.1 million.
Papa John's International, Inc. (NASDAQ: PZZA) will announce its fourth quarter and full year 2020 financial results on February 25, 2021, before market opening. A conference call will follow at 8:00 a.m. ET to discuss these results. Investors can join the live webcast at ir.papajohns.com or dial 877-312-8816 (U.S. and Canada). The company emphasizes high-quality ingredients, contributing to its reputation as the world’s third-largest pizza delivery chain, with 5,360 restaurants across 48 countries.
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Papa John’s International, Inc. (NASDAQ: PZZA) declared a quarterly dividend of $0.225 per common share, with a payment date of February 19, 2021. Shareholders on record as of February 8, 2021 will receive this dividend, resulting in an annual rate of $0.90 per common share. The declaration reflects the company's commitment to returning value to its shareholders.
Papa John’s has launched the Epic Stuffs Sweepstakes to celebrate the release of its new Epic Stuffed Crust Pizza. Running until February 14, the sweepstakes invites fans to share videos of their best sports moves for a chance to win an exclusive Epic Stuffed Chair valued at $32,500 and a cash prize of $7,500. Weekly prizes include eGift cards and branded sleeping bags. The Epic Stuffed Crust, introduced in December, features hand-stuffed extra cheese in high-quality dough, emphasizing the brand's commitment to quality ingredients.