Company Quick10K Filing
Papa John's
10-Q 2020-03-29 Filed 2020-05-06
10-K 2019-12-29 Filed 2020-02-26
10-Q 2019-09-29 Filed 2019-11-06
10-Q 2019-06-30 Filed 2019-08-06
10-Q 2019-03-31 Filed 2019-05-07
10-K 2018-12-30 Filed 2019-03-08
10-Q 2018-09-30 Filed 2018-11-06
10-Q 2018-07-01 Filed 2018-08-07
10-Q 2018-04-01 Filed 2018-05-08
10-K 2017-12-31 Filed 2018-02-27
10-Q 2017-09-24 Filed 2017-10-31
10-Q 2017-06-25 Filed 2017-08-01
10-Q 2017-03-26 Filed 2017-05-02
10-K 2016-12-25 Filed 2017-02-21
10-Q 2016-09-25 Filed 2016-11-01
10-Q 2016-06-26 Filed 2016-08-02
10-Q 2016-03-27 Filed 2016-05-03
10-K 2015-12-27 Filed 2016-02-23
10-Q 2015-09-27 Filed 2015-11-03
10-Q 2015-06-28 Filed 2015-08-04
10-Q 2015-03-29 Filed 2015-05-05
10-K 2014-12-28 Filed 2015-02-24
10-Q 2014-09-28 Filed 2014-11-04
10-Q 2014-06-29 Filed 2014-08-05
10-Q 2014-03-30 Filed 2014-05-06
10-K 2013-12-29 Filed 2014-02-25
10-Q 2013-09-29 Filed 2013-11-05
10-Q 2013-06-30 Filed 2013-08-06
10-Q 2013-03-31 Filed 2013-05-07
10-K 2012-12-30 Filed 2013-02-28
10-Q 2012-09-23 Filed 2012-10-31
10-Q 2012-06-24 Filed 2012-07-31
10-Q 2012-03-25 Filed 2012-05-01
10-K 2011-12-25 Filed 2012-02-21
10-Q 2011-09-25 Filed 2011-11-01
10-Q 2011-06-26 Filed 2011-08-02
10-Q 2011-03-27 Filed 2011-05-03
10-K 2010-12-26 Filed 2011-02-22
10-Q 2010-09-26 Filed 2010-11-03
10-Q 2010-06-27 Filed 2010-08-03
10-Q 2010-03-28 Filed 2010-05-04
10-K 2009-12-27 Filed 2010-02-23
8-K 2020-05-06 Earnings, Exhibits
8-K 2020-04-23 Shareholder Vote
8-K 2020-03-31 Earnings, Regulation FD, Exhibits
8-K 2020-02-26 Earnings, Exhibits
8-K 2020-02-19 Officers
8-K 2020-02-10 Other Events
8-K 2019-11-06 Earnings, Exhibits
8-K 2019-11-01 Officers, Regulation FD, Exhibits
8-K 2019-10-23 Enter Agreement, Shareholder Rights, Exhibits
8-K 2019-09-27 Officers
8-K 2019-08-30 Other Events, Exhibits
8-K 2019-08-26 Officers, Regulation FD, Exhibits
8-K 2019-08-06 Earnings, Exhibits
8-K 2019-06-19 Other Events, Exhibits
8-K 2019-06-13 Enter Agreement, Other Events, Exhibits
8-K 2019-06-10 Accountant, Exhibits
8-K 2019-05-07 Earnings, Exhibits
8-K 2019-04-30 Shareholder Vote
8-K 2019-03-28 Sale of Shares
8-K 2019-03-21 Officers, Exhibits
8-K 2019-03-14 Officers, Exhibits
8-K 2019-03-06 Enter Agreement, Shareholder Rights, Exhibits
8-K 2019-03-04 Enter Agreement, Officers, Exhibits
8-K 2019-02-26 Earnings, Exhibits
8-K 2019-02-15 Other Events
8-K 2019-02-14 Other Events
8-K 2019-02-04 Earnings, Regulation FD, Exhibits
8-K 2019-02-03 Enter Agreement, Sale of Shares, Shareholder Rights, Officers, Amend Bylaw, Exhibits
8-K 2018-11-06 Earnings, Exhibits
8-K 2018-11-02 Officers, Exhibits
8-K 2018-10-12 Officers
8-K 2018-10-09 Enter Agreement, Off-BS Arrangement, Exhibits
8-K 2018-09-05 Officers
8-K 2018-08-07 Earnings, Exhibits
8-K 2018-07-22 Enter Agreement, Shareholder Rights, Amend Bylaw, Other Events, Exhibits
8-K 2018-07-15 Leave Agreement, Officers, Other Events
8-K 2018-07-11 Other Events
8-K 2018-05-21 Other Events
8-K 2018-05-08 Earnings, Exhibits
8-K 2018-05-02 Officers, Shareholder Vote, Other Events, Exhibits
8-K 2018-04-26 Officers, Regulation FD, Exhibits
8-K 2018-03-01 Regulation FD, Exhibits
8-K 2018-02-27 Earnings, Exhibits
8-K 2018-02-09 Officers
8-K 2018-01-12 Officers, Exhibits

Papa John's Financials

PZZA Metrics, Comps, Filings

Quarterly | Annual

Business

Papa John’s International, Inc., a Delaware corporation (referred to as the “Company”, “Papa John’s” or in the first person notations of “we”, “us” and “our”), operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark “Papa John’s”. Papa John’s began operations in 1984. At December 30, 2018, there were 5,303 Papa John’s restaurants in operation, consisting of 645 Company-owned and 4,658 franchised restaurants operating domestically in all 50 states and in 46 countries and territories. Our Company-owned restaurants include 183 restaurants operated under three joint venture arrangements.

Papa John’s has defined four reportable segments: domestic Company-owned restaurants, North America commissaries (Quality Control Centers), North America franchising and international operations. North America is defined as the United States and Canada. Domestic is defined as the contiguous United States. International franchisees are defined as all franchise operations outside of the United States and Canada. See “Management’s Discussion and Analysis of Financial Condition and Results of Operations” and “Note 22” of “Notes to Consolidated Financial Statements” for financial information about our segments.

We have experienced negative publicity and consumer sentiment as a result of statements by the Company’s founder and former spokesperson John H. Schnatter in late 2017 and in July 2018, which contributed to our negative sales results in 2018. Mr. Schnatter resigned as Chairman of the Board on July 11, 2018, the same day that the media reported certain controversial statements made by Mr. Schnatter. A Special Committee of the Board of Directors consisting of all of the independent directors (the “Special Committee”) was formed on July 15, 2018 to evaluate and take action with respect to all of the Company’s relationships and arrangements with Mr. Schnatter. In addition, on July 27, 2018, the Company announced that the Board’s Lead Independent Director, Olivia F. Kirtley, had been unanimously appointed by the Board of Directors to serve as Chairman of the Company’s Board of Directors. Following its formation, the Special Committee terminated Mr. Schnatter’s Founder Agreement, which defined his role in the Company, among other things, as advertising and brand spokesperson for the Company. The Special Committee, among other things, oversaw the previously announced external audit and investigation of all the Company’s existing processes, policies and systems related to diversity and inclusion, supplier and vendor engagement and Papa John’s culture, which is substantially complete. The Special Committee has delivered recommendations resulting from the audit to Company management, who will implement the recommendations, including initiatives and training regarding Diversity, Equity, and Inclusion. The Company is also implementing various branding and marketing initiatives, including a new advertising and marketing campaign.


Valuation ($BB)

Market Cap, Enterprise Value

Balance Sheet ($BB)

Assets, Equity

Income Statement ($BB Quarterly)

Revenue, G Profit, Net Income

Cash Flow ($BB Quarterly)

Ops, Inv, Fin

Comps ($MM TTM) Market Cap Gross Margin EV/EBITDA Ret on Assets Assets Liabilities Revenue G Profit Net Income EBITDA EV
Wingstop (WING) 2,552 79% 46.4 12% 166 376 200 159 20 61 2,848
Jack In The Box (JACK) 2,350 74% 20.2 10% 958 1,696 950 702 94 174 3,502
Cannae Holdings (CNNE) 2,006 33% 13.8 4% 1,894 619 1,013 334 71 149 2,055
Cheesecake Factory (CAKE) 1,730 77% 10.4 3% 2,841 2,269 2,483 1,921 88 189 1,962
Bloomin' Brands (BLMN) 1,791 52% 9.6 3% 3,469 3,317 4,130 2,152 117 296 2,833
Papa John's (PZZA) 2,056 18% 33.0 1% 731 790 1,619 291 5 73 2,398
Arcos Dorados Holdings (ARCO) 1,639 13% 2.0 12% 1,578 1,185 12,382 1,579 194 1,039 2,078
Brinker (EAT) 1,603 74% 7.7 6% 2,491 3,076 3,250 2,415 143 374 2,888
Denny's (DENN) 1,245 30% 7.8 26% 460 598 541 163 117 192 1,496
Dave & Buster's (PLAY) 1,383 83% 7.1 4% 2,370 2,200 1,355 1,121 100 281 1,991
Dine Brands Global (DIN) 1,277 43% 12.2 5% 1,998 2,237 897 386 104 198 2,412
BJS Restaurants (BJRI) 830 56% 10.1 4% 1,058 772 1,151 649 41 95 964
Ruths Hospitality Group (RUTH) 588 18% 9.2 9% 471 384 460 85 43 72 668
Bojangles' (BOJA) 635 17% 9.4 10% 551 259 565 95 53 77 718
Red Robin (RRGB) 391 20% 5.2 -1% 1,238 877 1,315 257 -8 108 568
Chuy's Holdings (CHUY) 435 17% 17.6 1% 446 251 426 71 6 24 425
El Pollo Loco (LOCO) 535 22% 11.1 4% 625 379 442 97 25 56 624
Carrols Restaurant Group (TAST) 423 39% 16.7 -1% 1,734 1,415 1,369 540 -20 54 906
Del Taco Restaurants (TACO) 285 24% -2.8 -25% 759 560 513 121 -188 -151 428
Empire Resorts (NYNY) 333 0% -46.8 -11% 870 689 187 0 -100 -18 844

Balance Sheet ($MM)2009-12-272010-03-282010-06-272010-09-262010-12-262011-03-272011-06-262011-09-252011-12-252012-03-252012-06-242012-09-232012-12-302013-03-312013-06-302013-09-292013-12-292014-03-302014-06-292014-09-282014-12-282015-03-292015-06-282015-09-272015-12-272016-03-272016-06-262016-09-252016-12-252017-03-262017-06-252017-09-242017-12-312018-04-012018-07-012018-09-302018-12-302019-03-312019-06-302019-09-292019-12-29
Cash2843382846142024174534251625281414142017202422242117151916232240223226251929312828
Accounts Receivable2125232525282627273028334445434853544857565653566357565960616063656363536881778281
Inventory1615151617171617201920212224222323283234272624242222232425232528312827292726272528
PP&E194189189186187183183183450184187186488199202207527213218218557216215209576213218222617231235237640230228225665217212212676
Assets397412406398416381381386390417407412438443449451464469485492513502503495495491487499513516526551556580558551571739727731731
Accounts Payable2926262532273035333532343332293436343434393535364334353743373938323133323035334229
Long-Term Debt00004848505150505088109133120158177210225230231234239256318317312300295306400470592579579625380384378370
Liabilities220216213213217165165182181199191204251264275275319334368379406400418425444488497502494485494590655822801820868796787800790
Stockholders' Equity177195193185199216215204210218216208188173168169138126108918681644829-19-30-25-499-59-122-265-267-290-317-329-334-342-332
Income Statement ($MM)2009-12-272010-03-282010-06-272010-09-262010-12-262011-03-272011-06-262011-09-252011-12-252012-03-252012-06-242012-09-232012-12-302013-03-312013-06-302013-09-292013-12-292014-03-302014-06-292014-09-282014-12-282015-03-292015-06-282015-09-272015-12-272016-03-272016-06-262016-09-252016-12-252017-03-262017-06-252017-09-242017-12-312018-04-012018-07-012018-09-302018-12-302019-03-312019-06-302019-09-292019-12-29
Revenue286281273287312325306306331356326367356349346388401381390426432399389417429423422440449435432468427408364374398400404418
Cost of Revenue223221221238247237249244259254264293283279283311322308318345341315314328336333338347357345350377359340319285340325335328
Gross Profit635952486588576272103617473706377807273809184768993898592929082906868458958746990
R&D0000000000000000000000000000000000000000
SG&A28292726292827283235303833363236373434364242363740434140384237414041555951495470
Tax9846965791178101168118710125713131191612108357-7-2110-3
Net Income1814914181512161816141720231519211917212412192528242333302523291713-13-14-290-2
Cash Flow ($MM)2009-12-272010-03-282010-06-272010-09-262010-12-262011-03-272011-06-262011-09-252011-12-252012-03-252012-06-242012-09-232012-12-302013-03-312013-06-302013-09-292013-12-292014-03-302014-06-292014-09-282014-12-282015-03-292015-06-282015-09-272015-12-272016-03-272016-06-262016-09-252016-12-252017-03-262017-06-252017-09-242017-12-312018-04-012018-07-012018-09-302018-12-302019-03-312019-06-302019-09-292019-12-29
Cash Operating2620162726253417442130103017282727283038403842413045412847313720413325-2614181812
Cash Investing-9-7-6-7-4-7-8-9-6-13-13-16-13-13-13-11-12-18-14-11-7-8-10-14-21-10-14-1-15-15-13-14-4-12-5-16-8-11-5-8
Cash Financing-0-18-20-2-54-12-22-14-12-19-25-2-9-1-29-15-14-4-19-23-29-31-30-30-13-37-23-31-25-16-7-23-27-27-2037-10-6-15-4