The financials
Papa John's International, Inc. by the numbers
Papa John's International, Inc. (PZZA) reported revenue of $479M in Q1 2026 (quarter ended March 29, 2026), down 7.7% from the same quarter a year earlier. That came with a gross margin of 29% and net income of $7.3M (1.5% of revenue). For the full year FY2025, revenue was $2.05B (−0.3% year on year) and net income $31M. Its largest product in 2026-Q1 was Commissary at $223M, 47% of the disclosed total, just ahead of Company Owned Restaurant Sales at 30%.
| Income statement | Q1 2026 | Q1 2025 | Change |
|---|---|---|---|
| Revenue | $479M | $518M | −7.7% |
| Gross profit | $138M | $152M | −9.3% |
| Operating income | $21M | $24M | −13% |
| Net income | $7.3M | $9.2M | −21% |
| Diluted EPS | $0.21 | $0.27 | −22% |
| Product | Revenue | Share |
|---|---|---|
| Commissary | $223M | 47% |
| Company Owned Restaurant Sales | $143M | 30% |
| Franchisor | $48M | 9.9% |
| Advertising | $43M | 9.1% |
| Product And Service Other | $22M | 4.6% |
Business Segments
Revenue split by product segment, from SEC XBRL filings.
Latest period: Q1 2026Total $478.6M (-5.8%)
Advertising grew -0.47% year on yearCompany Owned Restaurant Sales -18% year on year
Segment Latestquarter on quarteryear on year
- Commissary$222.6M$222.6MQoQ -3.0%year on year -2.8%-3.0%-2.8%
- Company Owned Restaurant Sales$143.1M$143.1MQoQ -15%year on year -18%-15%-18%
- Franchisor$47.6M$47.6MQoQ +1.1%year on year -0.99%+1.1%-0.99%
- Advertising$43.5M$43.5MQoQ +4.3%year on year -0.47%+4.3%-0.47%
- Product And Service Other$21.8M$21.8MQoQ +1.7%year on year -8.3%+1.7%-8.3%