PZZA on Nasdaq

Papa John's

Logo: Papa Johns, Public domain, via Wikimedia Commons5

American pizza restaurant chain

Papa John's International, Inc., trading as Papa Johns, is an American pizza restaurant chain founded by John Schnatter in Jeffersonville, Indiana, in 1984. The company went public in 1993 and had expanded to 1,500 restaurants by 1997. As of 2023, it is the fourth largest pizza delivery restaurant chain in the United States, with headquarters in the Louisville, Kentucky, and Atlanta, Georgia, metropolitan areas.3 It employed about 20,700 people in 2013.1 Its shares trade on Nasdaq under the symbol PZZA.1 Wikipedia text CC BY-SA 4.0

Price unavailable

Last updated Oct 21, 2026.

Overview

Oct 2, 1984Founded1

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  • TickerPZZA on Nasdaq1
  • Industryrestaurant1
  • HeadquartersLouisville1
  • Founded inJeffersontown1
  • Websitewww.papajohns.com
  • Legal formDelaware corporation1
  • Listed onS&P 400, Nasdaq (PZZA)1
  • Slogan“Better Ingredients. Better Pizza. Papa John's.”1
  • Incorporated inDE6
  • Business address2002 Papa Johns Boulevard, Louisville, Ky 40299-23346
  • Filer categoryLarge accelerated filer6
  • LEIHZYLD3DK5XOX0WBVNB564
  • StatusActive4
  • LEI statusIssued and current4
  • Registered addressC/O THE CORPORATION TRUST COMPANY, 19801 Wilmington, United States4
  • Registered withDivision of Corporations, Department of State, 22694204
Papa Johns New HQ in Atlanta, Georgia
Photo: Miguel Alvarez, CC BY-SA 4.0, via Wikimedia Commons9

Papa John's International, Inc., trading as Papa Johns, is an American pizza restaurant chain founded by John Schnatter in Jeffersonville, Indiana, in 1984. The company went public in 1993 and had expanded to 1,500 restaurants by 1997. As of 2023, it is the fourth largest pizza delivery restaurant chain in the United States, with headquarters in the Louisville, Kentucky, and Atlanta, Georgia, metropolitan areas.3

Financials

From the company’s reports to the SEC. Every number links to the filing it came from.

Key numbers, fiscal 2025

4.3%Operating margin10
1.5%Net margin10
-0.3%Revenue growth, 202510
$61.3MFree cash flow10

What sells

Revenue by product, business segment and region, as the company reports it to the SEC.

Products and services

Commissary brought in 45% of the revenue Papa John's broke down this way in fiscal 2025.

  1. Commissary$929.9M1045%up 3% from 2024
  2. Company-Owned Restaurant Sales$675.7M1033%down 7% from 2024
  3. Franchisor$191.0M109%up 2% from 2024
  4. Advertising$166.7M108%up 1% from 2024
  5. Product and Service, Other$90.5M104%up 8% from 2024
Products and services by year
Products and services202320242025
Commissary$924.6M$899.7M$929.9M
Company-Owned Restaurant Sales$760.8M$724.7M$675.7M
Franchisor$195.0M$187.0M$191.0M
Advertising$157.2M$164.3M$166.7M
Product and Service, Other$98.0M$83.7M$90.5M

Business segments

North America Commissary brought in 52% of the revenue Papa John's broke down this way in fiscal 2025.

  1. North America Commissary$1.1B1052%up 2% from 2024
  2. Domestic Company Owned Restaurants$662.5M1033%down 4% from 2024
  3. International$173.8M109%down 0% from 2024
  4. North America Franchising$143.5M107%up 0% from 2024
Business segments by year
Business segments202320242025
North America Commissary$1.1B$1.0B$1.1B
Domestic Company Owned Restaurants$726.4M$692.7M$662.5M
International$182.5M$174.1M$173.8M
North America Franchising$148.8M$143.2M$143.5M

Where the money goes

Where each dollar of revenue went, fiscal 2025

  • Other costs98¢$2.0B
  • Income tax1¢$16.3M
  • Profit1¢$30.5M

Out of $2.1B in revenue.10

Where each dollar of operating cash went, fiscal 2025

  • Capital spending51¢$64.7M
  • Dividends paid49¢$61.1M
  • Kept or used elsewhere0¢$164.0K

Out of $126.0M of cash from operations.10

Financial statements

Revenue1112131410$2.1B in 2025+27% since 2019
0$1.0B$2.0B$3.0B2019: $1.6B$1.6B20192020: $1.8B$1.8B2020+12%2021: $2.1B$2.1B2021+14%2022: $2.1B$2.1B2022+2%2023: $2.1B$2.1B2023+2%2024: $2.1B$2.1B2024−4%2025: $2.1B$2.1B2025−0%
Operating income1112131410$89.1M in 2025+263% since 2019
0$50.0M$100.0M$150.0M$200.0M2019: $24.5M$24.5M20192020: $90.3M$90.3M2020+268%2021: $168.2M$168.2M2021+86%2022: $109.0M$109.0M2022−35%2023: $147.1M$147.1M2023+35%2024: $156.7M$156.7M2024+6%2025: $89.1M$89.1M2025−43%
Net income1112131410$30.5M in 2025+527% since 2019
0$50.0M$100.0M$150.0M2019: $4.9M$4.9M20192020: $57.9M$57.9M2020+1091%2021: $120.0M$120.0M2021+107%2022: $67.8M$67.8M2022−44%2023: $82.1M$82.1M2023+21%2024: $83.5M$83.5M2024+2%2025: $30.5M$30.5M2025−63%

Every line of the income statement as filed: the last 3 fiscal years, latest first.10

Period ending2025-12-312024-12-312023-12-31
Total revenues$2.1B$2.1B$2.1B
Cost of sales$1.5B$1.5B$1.6B
General and administrative expenses$244.3M$190.5M$208.1M
Depreciation and amortization$92.2M$69.4M$64.1M
Advertising funds expense$167.6M$164.3M$158.0M
Total costs and expenses$2.0B$1.9B$2.0B
Operating income$89.1M$156.7M$147.1M
Net interest expense-$40.8M-$42.6M-$43.5M
Income before income taxes$48.4M$114.1M$103.7M
Income tax expense-$16.3M-$29.9M-$20.9M
Net income$32.1M$84.2M$82.8M
Net income attributable to noncontrolling interests-$1.6M-$711.0K-$701.0K
Net income attributable to the Company$30.5M$83.5M$82.1M
Net income attributable to common shareholders$29.6M$83.3M$82.1M
Basic earnings per common share (in dollars per share)$0.90$2.55$2.49
Diluted earnings per common share (in dollars per share)$0.90$2.54$2.48
Basic weighted average common shares outstanding (in shares)32.9M shares32.7M shares32.9M shares
Diluted weighted average common shares outstanding (in shares)32.9M shares32.8M shares33.2M shares

Compare Papa John's with another company

Corporate structure

Papa John's sits at the top of its group. 2 entities, 1 country on record. Switch between the flow chart and the network, and select any entity to see its details.

Major holders of Papa John's

  • Papa John's Louisville, Kentucky, United States
    • ● Papa John’s USA Subsidiary · Georgia, United States

Built from parent and subsidiary links from GLEIF, the Global Legal Entity Identifier Foundation (CC0); subsidiaries listed in Exhibit 21 of annual reports filed with the SEC; major holders from Schedules 13D and 13G. Each entity in the chart links to its source.

What it owns

What Papa John's reports owning in its annual reports to the SEC: buildings, land and equipment, real estate and locations, investments, intangible assets and inventory, at the end of its latest fiscal year and a year before.

Property and equipment

ItemLatestA year beforeChange
Property and equipment, before depreciation$818.7M10 Dec 28, 2025$848.1M10 Dec 29, 2024−3.5%
Accumulated depreciation$567.4M10 Dec 28, 2025$574.8M10 Dec 29, 2024−1.3%
Property and equipment, net$251.3M10 Dec 28, 2025$273.3M10 Dec 29, 2024−8.0%
Finance-lease assets$39.0M10 Dec 28, 2025$28.8M10 Dec 29, 2024+35.7%
Operating-lease assets (leased space)$161.6M10 Dec 28, 2025$184.4M10 Dec 29, 2024−12.4%

Real estate and locations

ItemLatestA year beforeChange
Countries it operates in5010 Dec 28, 20255114 Dec 29, 2024−2.0%

Investments

ItemLatestA year beforeChange
Cash and cash equivalents$34.6M10 Dec 28, 2025$38.0M10 Dec 29, 2024−8.9%

Intangibles and goodwill

ItemLatestA year beforeChange
Goodwill$67.6M10 Dec 28, 2025$75.5M10 Dec 29, 2024−10.4%

Inventory

ItemLatestA year beforeChange
Inventory, total$34.3M10 Dec 28, 2025$35.2M10 Dec 29, 2024−2.6%

Properties, in its own words

As of December 28, 2025, there were 6,083 Papa Johns restaurants worldwide. The following tables provide the locations of our restaurants. “Domestic” is defined as within the contiguous United States, and “North America” includes Domestic and Canada.

Company (a) · Franchised · Total

The rest of Item 2

Alabama · 3 · 81 · 84

Alaska · — · 9 · 9

Arizona · — · 64 · 64

Arkansas · — · 27 · 27

California · — · 168 · 168

Colorado · — · 50 · 50

Connecticut · — · 6 · 6

Delaware · — · 15 · 15

District of Columbia · — · 9 · 9

Florida · 46 · 271 · 317

Georgia · 97 · 107 · 204

Hawaii · — · 16 · 16

Idaho · — · 13 · 13

Illinois · 8 · 80 · 88

Indiana · 50 · 91 · 141

Iowa · — · 25 · 25

Kansas · 16 · 21 · 37

Kentucky · 42 · 69 · 111

Louisiana · — · 54 · 54

Maine · — · 4 · 4

Maryland · — · 99 · 99

Massachusetts · — · 10 · 10

Michigan · — · 34 · 34

Minnesota · — · 40 · 40

Mississippi · — · 34 · 34

Missouri · 44 · 27 · 71

Montana · — · 9 · 9

Nebraska · — · 14 · 14

Nevada · — · 26 · 26

New Hampshire · — · 3 · 3

New Jersey · — · 60 · 60

New Mexico · — · 15 · 15

New York · — · 95 · 95

North Carolina · 105 · 84 · 189

North Dakota · — · 10 · 10

Ohio · — · 173 · 173

Oklahoma · — · 38 · 38

Oregon · — · 15 · 15

Pennsylvania · — · 105 · 105

Rhode Island · — · 3 · 3

South Carolina · 10 · 65 · 75

South Dakota · — · 11 · 11

Tennessee · 41 · 78 · 119

Texas · — · 300 · 300

Utah · — · 31 · 31

Virginia · — · 149 · 149

Washington · — · 47 · 47

West Virginia · — · 24 · 24

Wisconsin · — · 41 · 41

Wyoming · — · 12 · 12

Total U.S. Papa Johns restaurants · 462 · 2,832 · 3,294

Canada · — · 229 · 229

Total North America Papa Johns restaurants · 462 · 3,061 · 3,523

(a) Company-owned Papa Johns restaurants include restaurants owned by majority-owned subsidiaries. There were 13 such restaurants at December 28, 2025 in Georgia.

Company · Franchised · Total

Azerbaijan · — · 19 · 19

Bahrain · — · 22 · 22

Bolivia · — · 5 · 5

Bulgaria · — · 6 · 6

Chile · — · 169 · 169

China · — · 266 · 266

Colombia · — · 65 · 65

Costa Rica · — · 65 · 65

Cyprus · — · 15 · 15

Dominican Republic · — · 25 · 25

DR Congo · — · 4 · 4

Ecuador · — · 30 · 30

Egypt · — · 79 · 79

El Salvador · — · 48 · 48

Germany · — · 22 · 22

Guam · — · 2 · 2

Guatemala · — · 38 · 38

Guyana · — · 4 · 4

Honduras · — · 18 · 18

India · — · 6 · 6

Ireland · — · 92 · 92

Israel · — · 42 · 42

Jordan · — · 6 · 6

Kazakhstan · — · 13 · 13

Kenya · — · 10 · 10

Kuwait · — · 46 · 46

Mexico · — · 46 · 46

Morocco · — · 10 · 10

Netherlands · — · 11 · 11

Nicaragua · — · 4 · 4

Oman · — · 29 · 29

Pakistan · — · 30 · 30

Panama · — · 37 · 37

Peru · — · 78 · 78

Poland · — · 17 · 17

Portugal · — · 7 · 7

Puerto Rico · — · 25 · 25

Qatar · — · 58 · 58

Saudi Arabia · — · 61 · 61

South Korea · — · 278 · 278

Spain · — · 97 · 97

Trinidad · — · 10 · 10

Tunisia · — · 13 · 13

Turkey · — · 54 · 54

United Arab Emirates · — · 92 · 92

United Kingdom · 13 · 438 · 451

Uzbekistan · — · 21 · 21

Venezuela · — · 14 · 14

Total International Papa Johns restaurants · 13 · 2,547 · 2,560

Most Papa Johns Company-owned restaurants are located in leased space. The initial term of most Domestic restaurant leases is five years with most leases providing for one or more options to renew for at least one additional term. Generally, the leases are triple net leases, which require us to pay all or a portion of the cost of insurance, taxes and utilities. As a

result of assigning our interest in obligations under property leases as a condition of the refranchising of certain restaurants, we are also contingently liable for payment of approximately 80 Domestic leases.

Our restaurant support center in Atlanta, Georgia, is located in a leased space. 11 of our 12 North America QC Centers are located in leased spaces, with the remaining QC Center located in a building we own. Our restaurant support center located in Louisville, Kentucky is in a building owned by us. We also maintain a Company-owned office and a full-service QC Center outside of London, England, where our International operations are managed.

At December 28, 2025, we leased and subleased approximately 330 Papa John’s restaurant sites to franchisees in the UK. The initial lease terms on the franchised sites in the UK are generally 15 years, many of which have an early break-lease provision. The Company has the option to negotiate an extension toward the end of the lease term at the landlord’s discretion. The initial lease terms of the franchisee subleases are generally five to ten years. See “Note 3. Leases” of “Notes to Consolidated Financial Statements” for additional information.

Item 2 of the 10-K filed Feb 26, 2026.19

The story

Founded by John Schnatter on Oct 2, 1984, in Jeffersontown.1

1984–2009

Papa John's restaurant was founded in 1984 when "Papa" John Schnatter installed an oven inside a broom closet in the back of his father's tavern, Mick's Lounge, in Jeffersonville, Indiana. He sold his 1971 Camaro Z28 to buy US$1,600 worth of used pizza equipment and began selling pizzas to the tavern's customers out of the converted closet. A year later, he moved into an adjoining space. Papa John's also introduced a dipping sauce for pizza that year.

The company went public in 1993 following an initial public offering, becoming listed on the NASDAQ under the symbol PZZA. A year later it had 500 stores, and by 1997 it had opened 1,500 stores. In 2009, Schnatter bought the Camaro back after offering a reward of $250,000 for the car.

2010s

The first notable Bitcoin retail transaction involving physical goods was paid on May 22, 2010, by exchanging 10,000 mined BTC for two pizzas delivered from a Papa John's on Atlantic Boulevard in Jacksonville, Florida. Some cryptocurrency users have celebrated May 22 as "Bitcoin Pizza Day".

Schnatter's departure

Schnatter stepped down as CEO of Papa John's Pizza on January 1, 2018, in favor of company president Steve Ritchie, while remaining chairman. Papa John's and the NFL ended their sponsorship agreement after Schnatter blamed the NFL kneeling controversy for declining same-store sales across Papa John's franchises.

Schnatter resigned as chairman of the company's board of directors on July 18, 2018, after admitting that he had used a racial slur during a meeting.

The activist hedge fund Starboard Value invested $200 million in Papa John's in February 2019. Starboard CEO Jeff Smith become the chairman, and former Pinnacle Entertainment CEO Anthony Sanfilippo joined the board. Papa John's later reached a settlement with Schnatter under which he left the company's board of directors, withdrew his lawsuits, and abandoned plans to seek another board seat.

Schnatter began selling his shares in May 2019 and reduced his ownership stakes to 4% over the following year. Arby's President Robert M. Lynch replace Steve Ritchie as CEO in August 2019.

2020s

Papa John's established a new global headquarters at Three Ballpark Center at The Battery Atlanta in the Atlanta metropolitan area in 2020. Its existing headquarters in Jeffersontown, Kentucky was retained for its IT, supply chain, and legal departments.

Read the full text

Papa Johns suspended its business operations in Russia in March 2022 in response to the 2022 Russian invasion of Ukraine, but independent franchisee-owned locations remained open.

Todd Penegor was named President and CEO in August 2024.

Papa Johns announced plans to close 300 of its 3,500 U.S. restaurants by the end of 2027, and reduce its corporate workforce by approximately 7% to cut costs after declining sales.

From Wikipedia’s article on Papa John's, shared under CC BY-SA 4.0.7

Leadership

Who has led Papa John's, and when. Pick a name to see everywhere that person has worked.

Board members and other officers (53)

Products and brands

  • chicken wing
  • dessert

Listed on Wikidata.1

Operations

Papa John's primarily takes carryout and delivery orders, although some restaurants have tables and chairs for dining in.

Franchise owners pay a one-off franchise fee of US$25,000 per restaurant, then a royalty fee of 5% of net sales, plus a charge for advertising of 8% of net sales. The company requires franchisees to have net worth of at least $250,000, the approximate amount of investment needed.

Based on 2019 sales information provided by Technomic, PMQ Pizza Magazine reported that the company was the fourth-largest take-out and pizza delivery restaurant chain in the United States. (According to PMQ, Little Caesars is the third-largest pizza chain.) The company's net profitability though, is far behind its main competitors. In 2014, its net margin was 4.6% of total sales, whereas Domino's Pizza's net margin was 8.2% and Yum! Brands, which owns Pizza Hut, was 7.9%. Its slogan is "Better Ingredients. Better Pizza. Papa John's."

As of February 2026 Papa Johns had about 6,000 establishments in about 50 countries and territories, with 3,500 in the United States. In January 2002, Papa John's became the first national pizza chain to make online ordering available to all of its U.S. customers. On July 10, 2004, Papa John's controlled an estimated 6.6% of the market, according to Technomic.

Read the full text

Locations

Africa

Papa John's operates in Egypt, Morocco, and Tunesia.

Asia

Papa John's entered the Indian market in 2006 with its first store opening in Noida, Uttar Pradesh with an aim to open up 100 stores in India. They couldn't keep up the efficient sophisticated ordering technology and fast delivery methods of their rivals Domino's Pizza and Pizza Hut in India. When Papa John's started in 2006, Domino's Pizza already had 126 branches. By 2017, Papa John's decided to exit the country completely, having opened only 66 stores and being unable to compete with Domino's Pizza and Pizza Hut, which had entered in the mid-1990s.

In 2003, Papa John's opened its first branch in Apgujeong-dong, Gangnam-gu, Seoul, South Korea and the second branch in Garak-dong, Songpa-gu, Seoul, South Korea. Compared to Domino's Pizza and Pizza Hut, which started business in Korea in the 1980s, Papa John's started business late in Korea. In 2006, they opened the 50th restaurant in Seoul. As of the end of 2025, Papa John's has a total of 278 stores in Korea. In other countries, Papa John's has menus which are localized to each country. However, in Korea, Papa John's is selling the original American pizzas with special Korean localized pizzas together. Papa John's also has various side menus such as spaghetti in Korea.

In 2016, Papa John's entered the Israeli market. By 2026 it had grown to 42 local branches.

In 2018, Papa John's sold ownership of its 34 corporate-owned locations in Beijing, shutting down their operations in China.

Papa John's opened its first store in Lahore, Pakistan in early 2019.

Europe

Papa John's has operated in the United Kingdom since 1999. In July 2015, the company had 300 shops in the UK, although in 2010 it had plans for the number rising to between 400 and 500 within the next five years. In 2023, Papa Johns had plans to open a new takeaway store in Newcastle turned down by the Planning Inspectorate, making it the first organisation in the United Kingdom to have a planning appeal rejected by the Department for Levelling Up, Housing and Communities on the grounds that to grant permission to open a new takeaway store in the area would "undermine local authority plans to tackle high local levels of obesity".

In March 2024, Papa John's announced it would close 43 "underperforming" stores – almost a tenth of its 450 units in the UK.

Papa John's operates throughout Ireland, with its head office at Ballybrit, County Galway. The company has over 50 locations and operates mobile units around the country. The franchises are often located adjacent to Supermac's fast food outlets, whose parent company owns the exclusive franchise rights for the chain in Ireland.

Spain is the second most important European market for Papa John's. The chain has been operating in Spain since 2016, and had 42 restaurants by late 2017. In particular, the restaurants achieved a significant presence in the Madrid province with more than half of the Spanish restaurants being located there. Papa John's expects to open at least 100 restaurants just in the province of Madrid, as well as expanding to other regions across Spain.

Papa John's also operated in Russia and Belarus with plans to expand to several other European and Central Asian countries.

Papa John's restaurants in Portugal began operating in 2005 but closed some time later.

In Poland, Papa John's opened their first location in 2017.

In 2018, Papa John's opened their first restaurant in Kazakhstan, which became the 46th country in the world where the chain is represented.

In May 2019, it was announced that Papa John's would enter the German market by taking over Halle/Salle-based Uno Pizza and converting their stores into Papa John's, with the aim of opening up to 250 locations in Germany in the following five to seven years.

After a failed step in the early 2000s, in 2019 Papa John's returned to Portugal with a restaurant in Lisbon and plans to expand to other parts of the country.

In the Netherlands Papa John's opened its doors in 2017, starting in Amsterdam and expanding further through the Netherlands in 2019.

North America

From Panama to Canada, Papa John's operates in all continental countries of North America. It also operates in several countries in the Caribbean.

South America

Papa John's operates in several countries in South America.

Marketing

Logo

In November 2021, Papa John's rebranded its logo (by removing the apostrophe and simplifying the design) and store locations.

Sponsorships

On March 30, 2006, Six Flags announced that its parks' pizza would exclusively be from Papa John's. In turn, Six Flags received an annual sponsorship and promotional opportunities from Papa John's. Papa John's is also the official pizza supplier of the Olympic Speedskating Oval in Calgary, Alberta, Canada.

In November 2006, Papa John's signed with ESPN Regional Television to become the title sponsor of the annual PapaJohns.com Bowl, a college post-season football bowl game in Birmingham, Alabama, which Papa John's continued to sponsor through 2010.

In 2010, Papa John's signed an agreement to be the Official Pizza Sponsor of the National Football League and Super Bowls XLV, XLVI and XLVII. In 2011, Papa John's became the official Pizza Sponsor of the NFL in Canada, Mexico and the United Kingdom. In October 2012, Denver Broncos quarterback Peyton Manning became a franchisee in the Denver area for Papa John's, and also purchased 21 franchises in the area. In July 2013, Papa John's announced it had become the Official Pizza Partner of The Football League in the UK. The sponsorship ended after the 2017 season when Pizza Hut became the official pizza of the NFL in February 2018.

The company was the former beneficiary of the naming rights to Papa John's Cardinal Stadium used by the University of Louisville's football team, in exchange for Schnatter personally donating $5 million for the rights. Schnatter made a further $10 million donation for the stadium's expansion, and extended the naming rights to the year 2040. The Papa John's name was taken off the stadium in July 2018, after Schnatter's resignation from the company.

In 2020, Papa John's became the main sponsor of the EFL Trophy, a football competition for lower league and under-23 clubs in England.

Events

In May 2008, a Washington, D.C. franchise distributed T-shirts making fun of Cleveland Cavaliers star player LeBron James during a playoff game against the Washington Wizards. Photographs of the shirts quickly spread online and were later shown on Cleveland television. Increasing awareness of the controversy prompted an apology from the Papa John's national headquarters on May 5. To apologize, Papa John's offered large single-topping pizzas for 23 cents (matching James' jersey number) at all locations in Greater Cleveland and throughout northern Ohio. The chain sold over 172,000 pizzas at 23 cents a piece, with customers waiting in lines outside of some stores for as long as three hours.

In March 2019, NBA Hall of Famer Shaquille O'Neal joined Papa John's board of directors and became a spokesman for the brand. The next year, Papa John's introduced the Shaq-a-Roni, a pizza dedicated to O'Neal.

From Wikipedia’s article on Papa John's, shared under CC BY-SA 4.0.7

Subsidiaries and ownership

Subsidiaries (Exhibit 21)

  • ● Papa John’s USA Georgia, Inc., a Delaware corporation8

The subsidiaries the company lists in Exhibit 21 of its annual report, as filed.

Employees over time

  • 201320,7001

Former names

  • PAPA JOHNS INTERNATIONAL INCNov 13, 1995 to Sep 10, 20266

Timeline

  1. Aug 25, 20268-K Regulation FD disclosure96
  2. Aug 6, 20268-K Results of operations97
  3. Jun 30, 20268-K Executive or director change; Regulation FD disclosure98
  4. May 7, 20268-K Results of operations99
  5. May 6, 20268-K Shareholder vote100
  6. Feb 26, 20268-K Results of operations101
  7. Jan 29, 20268-K Other events102
  8. Nov 25, 20258-K Regulation FD disclosure103
  9. Nov 18, 20258-K Executive or director change; Regulation FD disclosure104
  10. Nov 6, 20258-K Results of operations105
  11. Aug 7, 20258-K Results of operations106
  12. Jul 2, 20258-K Executive or director change107
  13. Aug 2, 2024New chief executive Todd Allan Penegor becomes CEO21
  14. Mar 27, 2024New chief executive Ravi Thanawala becomes CEO20
  15. Aug 27, 2019New chief executive Robert Lynch becomes CEO1
  16. Feb 26, 2018New chief executive Steve M. Ritchie becomes CEO23
  17. Apr 30, 2010New chief executive Joseph Jude Thompson becomes CEO24
  18. May 4, 2009New chief executive John Schnatter becomes CEO25
  19. Apr 21, 2006New chief executive Nigel Travis becomes CEO26
  20. Jun 8, 1993Went public Listed on NASDAQ1
  21. Oct 2, 1984Founded Founded in Jeffersontown1

Calendar

Coming up

  1. Nov 5, 2026 · Before the openReports results for the quarter ending Sep/2026 A year earlier it reported $0.32 a share, on Nov 6, 2025.108

When it reported results

  1. Aug 6, 2026Reported quarterly or annual results97
  2. May 7, 2026Reported quarterly or annual results99
  3. Feb 26, 2026Reported quarterly or annual results101
  4. Nov 6, 2025Reported quarterly or annual results105
  5. Aug 7, 2025Reported quarterly or annual results106
  6. May 8, 2025Reported quarterly or annual results109
  7. Feb 27, 2025Reported quarterly or annual results110
  8. Jan 13, 2025Reported quarterly or annual results111

Upcoming dates from Nasdaq's calendar; past results from the company's 8-K filings (Item 2.02). The full markets calendar

Filings

493 filings to the SEC since October 2021: 5 annual reports, 15 quarterly reports, 62 major events, 341 insider forms, 43 large holders, 27 other. The latest 20:

  1. Sep 10, 20264 EDGAR
  2. Aug 25, 20268-K EDGAR
  3. Aug 14, 2026SCHEDULE 13G/A EDGAR
  4. Aug 12, 2026SCHEDULE 13G EDGAR
  5. Aug 11, 2026144 EDGAR
  6. Aug 6, 202610-Q EDGAR
  7. Aug 6, 20268-K EDGAR
  8. Aug 3, 20264 EDGAR
  9. Jun 30, 20268-K EDGAR
  10. Jun 25, 202611-K EDGAR
  11. Jun 9, 20264 EDGAR
  12. Jun 1, 20264 EDGAR
  13. Jun 1, 20264 EDGAR
  14. Jun 1, 20264 EDGAR
  15. Jun 1, 20264 EDGAR
  16. Jun 1, 20264 EDGAR
  17. Jun 1, 20264 EDGAR
  18. Jun 1, 20264 EDGAR
  19. May 14, 2026SCHEDULE 13G EDGAR
  20. May 13, 20264 EDGAR

The 493 filings since October 2021 can be filtered by form type and year here when JavaScript is on.

Every filing from the last five years, summarized. The full record is on SEC EDGAR.

Insider trades

8 open-market trades by officers, directors and large owners since October 2021: 2 buys and 6 sales. Grants, option exercises and gifts are left out.

DateWhoTradeSharesPriceValueFiling
Aug 14, 2024Coleman Christopher L.DirectorBuy2,250$44.75$100.7KForm 4
May 14, 2024Thanawala RaviCFO & President, North AmericaBuy1,900$52.41$99.6KForm 4
Mar 7, 2024KOELLNER LAURETTE TDirectorSale2,886$70.21$202.6KForm 4
Aug 25, 2022Boakye MarvinChief People & Diversity OfcSale2,950$85.57$252.4KForm 4
Nov 29, 2021KIRTLEY OLIVIA FDirectorSale3,850$128.26$493.8KForm 4
Nov 24, 2021Lynch RobertPresident and CEOSale12,500$133.47$1.7MForm 4
Nov 19, 2021Swaysland Jack HCOO, InternationalSale4,000$133.02$532.1KForm 4
Nov 19, 2021Swaysland Jack HCOO, InternationalSale4,000$133.02$532.1KForm 4

From Forms 4 filed with the SEC.

Major holders

Investors who own more than 5% of the shares must tell the SEC: a 13D if they may seek to influence the company, a 13G if they hold passively.

Executive pay

What the company paid its top executives, from the summary compensation table in its proxy statement. Total pay includes salary, bonus, stock and option awards and other pay, as the company valued them.

YearExecutiveAgeSalaryTotal pay
2025Todd A. PenegorPresident and Chief Executive Officer60$1.0M$8.4M128
2025Ravi ThanawalaChief Financial Officer & President, North America$677.9K$2.9M128
2025Kevin VasconiChief Digital & Technology Officer$550.0K$1.8M128
2025Caroline Miller OylerChief Administrative Officer, Corporate Secretary$553.3K$1.7M128
2025Joseph SieveFormer Chief Restaurant & Global Development Officer$482.4K$1.6M128
2024Todd A. PenegorPresident and Chief Executive Officer60$415.4K$4.8M128
2024Ravi ThanawalaChief Financial Officer & President, North America$692.0K$3.9M128
2024Caroline Miller OylerChief Administrative Officer, Corporate Secretary$518.1K$2.0M128
2024Joseph SieveFormer Chief Restaurant & Global Development Officer$496.4K$1.8M128
2024Kevin VasconiChief Digital & Technology Officer$169.2K$1.3M128
2023Ravi ThanawalaChief Financial Officer & President, North America$265.4K$3.1M128
2023Caroline Miller OylerChief Administrative Officer, Corporate Secretary$492.4K$1.2M128
2023Joseph SieveFormer Chief Restaurant & Global Development Officer$427.8K$978.4K128

Held by these funds

The largest holders among investment managers' 13F reports for the quarter ending Jun 30, 2026, the top 25 of 100. Change is in shares since the quarter before.

FundSharesValueShare of the fundChange
BlackRock, Inc.4,958,259$182.3M0.0%+138,401
Earnest Partners LLC2,890,502$106.3M0.4%+988,308
Brandes Investment Partners, LP2,730,683$100.4M0.7%+97,879
Bank Of America Corp /de/2,262,335$83.2M0.0%+783,237
Vanguard Portfolio Management LLC1,961,550$72.1M0.0%+55,435
Sei Investments Co1,648,417$60.6M0.1%+569,145
Irth Capital Management LP1,628,503$59.9M100.0%No change
Vanguard Capital Management LLC1,469,356$54.0M0.0%+64,968
State Street Corp1,306,936$48.1M0.0%+63,464
Quinn Opportunity Partners LLC999,036$36.7M1.7%−75,615
Geode Capital Management, LLC884,291$32.5M0.0%+47,579
Segall Bryant & Hamill, LLC797,350$29.3M0.3%−23,964
Greenhouse Funds LLLP740,311$27.2M1.4%+194,295
Dimensional Fund Advisors LP602,491$22.2M0.0%−23,861
Jones Financial Companies Lllp521,003$19.2M0.0%+273,039
Charles Schwab Investment Management Inc509,716$18.7M0.0%+38,773
Susquehanna International Group, Llp503,452$18.5M0.0%−16,425
Boothbay Fund Management, LLC495,327$18.2M0.3%+3,644
Balyasny Asset Management L.P.477,286$17.5M0.0%+415,669
Shay Capital LLC450,966$16.6M1.8%+72,274
Morgan Stanley414,216$15.2M0.0%+65,909
Marex Group Ltd400,418$14.7M0.1%New
Bank of New York Mellon Corp379,162$13.9M0.0%+13,222
Great Hill Capital LLC373,486$13.7M6.6%+93,055
Northern Trust Corp368,614$13.6M0.0%+30,416

13F reports cover disclosed long positions in U.S. stocks only.

SEC filer profile

How Papa John's is registered with the Securities and Exchange Commission, from its EDGAR record and the cover page of its latest annual report.

  • Name on EDGARPAPA JOHNS INTERNATIONAL INC2
  • CIK0000901491
  • Employer ID (EIN)61-120332319
  • Filer statusLarge accelerated filer not an emerging growth company; not a smaller reporting company; not a shell company19
  • Incorporated inDelaware19
  • Fiscal year endsDecember 272
  • Industry code (SIC)5812 Retail-Eating Places2
  • SEC reviewing officeOffice of Trade & Services, Division of Corporation Finance2
  • Business address2002 Papa Johns Boulevard, Louisville, KY 40299-23342
  • Mailing addressP O Box 99900, Louisville, KY 40269-99902
  • Phone50226172722
  • Shares outstanding32,921,687 as of Jul 31, 202616
  • Public float$1.6B as of Jun 29, 202519
  • AuditorErnst & Young LLP, Louisville, Kentucky PCAOB ID 42; it also attests to the company’s internal control over financial reporting19
  • On EDGAR sinceNov 13, 19952
  • Filings2,777 in all: 4 (1,879), 8-K (309), SC 13G/A (101), 10-Q (92), 3 (58), SC 13D/A (37), SC 13G (32), 4/A (30)2
    All 39 form types

    DEF 14A (30), 10-K (28), 11-K (28), UPLOAD (20), S-8 (19), CORRESP (16), ARS (15), SCHEDULE 13G/A (14), 8-K/A (12), 5 (7), SCHEDULE 13G (7), DEFA14A (5), PRE 14A (5), 144 (4), 10-K/A (3), 10-Q/A (3), 424B3 (3), 10-K405 (2), 3/A (2), D (2), PX14A6G (2), S-3ASR (2), SC 13D (2), 10-C (1), 424B1 (1), 424B7 (1), 8-A12G (1), NO ACT (1), NT 10-K (1), S-3 (1), S-3MEF (1)

  • Latest filingsAnnual report (10-K) Feb 26, 2026
    Quarterly report (10-Q) Aug 6, 2026
    Proxy statement (DEF 14A) Mar 26, 2026
    Latest 8-K (8-K) Aug 25, 2026

Securities registered for trading

ClassSymbolExchange
Common Stock, $0.01 par valuePZZAThe Nasdaq Stock Market LLC

From the cover page of the 10-K filed Feb 26, 2026 (Section 12(b) of the Exchange Act).19

Risk factors and legal proceedings

The risks Papa John's names in Item 1A of its 10-K filed Feb 26, 2026: 37 risks under these headings, as written.19

  • Industry and Macroeconomic Risks
  • Economic conditions in the United States and international markets could adversely affect our business and financial results.
  • Our profitability may suffer as a result of intense competition in the QSR industry.
  • Changes in consumer preferences or discretionary consumer spending could adversely impact our results.
  • Our business, financial condition and results of operations could be adversely affected by disruptions in the global economy caused by actual and potential geopolitical conflicts.
  • Our International operations and franchisees are subject to increased risks and other factors that may make it more difficult to achieve or maintain profitability or meet planned growth rates.
  • Our turnaround efforts in the United Kingdom could stall and adversely affect our business and financial results.
  • Food safety and quality concerns may negatively impact our business and profitability.
  • Failure to preserve the value and relevance of our brand could have a negative impact on our financial results.
  • Our inability or failure to recognize, respond to and effectively manage the accelerated impact of social media, influencers, and/or shareholder activism could adversely impact our business.
  • Our franchise business model presents a number of risks.
  • We may be adversely impacted by increases in the cost of food ingredients and other costs.
The other 26 risks
  • Changes in privacy or data protection laws could adversely affect our ability to market our products effectively.
  • Higher labor costs, increased competition for qualified team members and ensuring adequate staffing in our restaurants and QC Centers increase the cost of doing business. Additionally, changes in employment and labor laws, including health care legislation and minimum wage increases, could increase costs for our system-wide operations.
  • Our business depends on the proper allocation of our human capital and our ability to attract and retain talented management and other key employees.
  • We rely on information technology to operate our businesses and enhance our competitiveness, and any failure to invest in or adapt to technological developments or industry trends could harm our business.
  • We cannot predict the impact that new or improved technologies, alternative methods of delivery, including autonomous vehicle delivery, or changes in consumer or employee behavior facilitated by these technologies and alternative methods of delivery will have on our business.
  • Company Risks
  • Our reorganization activities may increase our expenses, may not be successful, and may adversely impact employee hiring and retention.
  • We may not be able to effectively market our products or maintain key marketing partnerships.
  • We may not be able to execute our strategy or achieve our planned growth targets, which could negatively impact our business and our financial results.
  • Our dependence on a sole supplier or a limited number of suppliers for some ingredients and other supplies could result in disruptions to our business.
  • Increases in ingredient and other operating costs, including those caused by weather, climate change and food safety, could adversely affect our results of operations.
  • We rely on third parties for certain business processes and services, and failure or inability of such third-party vendors to perform subjects us to risks, including business disruption and increased costs.
  • Changes in purchasing practices by our Domestic franchisees, or prolonged disruptions in our QC Center operations, could harm our commissary business.
  • Our current insurance may not be adequate and we may experience claims in excess of our reserves.
  • Risks Related to our Indebtedness
  • We have incurred substantial debt obligations, which could adversely affect our financial condition, and we may incur more indebtedness, including secured debt, and take other actions that could further exacerbate the risks associated with our substantial indebtedness or affect our ability to satisfy our obligations under our indebtedness.
  • The agreements governing our debt, including the Indenture governing our Notes and the Credit Agreement, contain various covenants that impose restrictions on us.
  • We are exposed to variable interest rates under our Credit Agreement, and increases in interest rates would also increase our debt service costs and could have a material negative impact our profitability.
  • General Risks
  • Natural disasters, hostilities, social unrest, severe weather and other catastrophic events may disrupt our operations or supply chain.
  • Climate change may have an adverse impact on our business.
  • We are subject to risks related to epidemic and pandemic outbreaks, which may have a material adverse effect on our business, financial condition and results of operations.
  • Increasingly complex laws and regulations, and any changes to law and regulations, could adversely affect our business.
  • Disruptions to our critical business or information technology systems could harm our ability to compete and conduct our business.
  • Failure to maintain the integrity of internal or customer data could result in damage to our reputation, loss of sales, and/or subject us to litigation, penalties or significant costs.
  • We have been and will continue to be subject to various types of investigations and litigation, including collective and class action litigation, which could subject us to significant damages or other remedies.
  • We may not be able to adequately protect our intellectual property rights, which could negatively affect our results of operations.
  • We have been and may be subject to impairment charges.
  • We operate globally and changes in tax laws could adversely affect our results.

Legal proceedings

The information contained in “Note 18. Litigation, Commitments and Contingencies” of “Notes to Consolidated Financial Statements” is incorporated by reference herein.

The opening of Item 3, Legal Proceedings.19

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