Papa John's Q3 2024 10-Q Filed
Ticker: PZZA · Form: 10-Q · Filed: Nov 7, 2024 · CIK: 901491
| Field | Detail |
|---|---|
| Company | Papa Johns International Inc (PZZA) |
| Form Type | 10-Q |
| Filed Date | Nov 7, 2024 |
| Risk Level | low |
| Pages | 16 |
| Reading Time | 19 min |
| Key Dollar Amounts | $0.01 |
| Sentiment | neutral |
Sentiment: neutral
Topics: 10-Q, financials, quarterly-report
TL;DR
Papa John's 10-Q is in: check out Q3 results for company-owned, franchising, and commissary segments.
AI Summary
Papa John's International Inc. filed its 10-Q for the period ending September 29, 2024. The filing details financial performance across its Domestic Company-Owned Restaurants, North America Franchising, and North America Commissary segments. Key financial data and operational metrics for these segments are presented for the third quarter and the year-to-date period.
Why It Matters
This filing provides investors with the latest financial and operational data for Papa John's, crucial for understanding the company's performance and future outlook.
Risk Assessment
Risk Level: low — This is a routine quarterly financial filing with no immediate red flags.
Key Players & Entities
- PAPA JOHNS INTERNATIONAL INC (company) — Filer
- 0000901491 (company) — Central Index Key
- 20240929 (date) — Period of Report
- 20241107 (date) — Filing Date
FAQ
What is the reporting period for this 10-Q filing?
The Conformed Period of Report is 20240929, meaning the filing covers the period up to September 29, 2024.
When was this 10-Q filed with the SEC?
This 10-Q was filed on 20241107.
What are the main business segments reported by Papa John's?
The filing references Domestic Company Owned Restaurants, North America Franchising, and North America Commissary segments.
What is Papa John's Standard Industrial Classification code?
Papa John's SIC code is 5812, which corresponds to Retail-Eating Places.
In which state is Papa John's incorporated?
Papa John's International Inc. is incorporated in Delaware (DE).
Filing Stats: 4,772 words · 19 min read · ~16 pages · Grade level 18.7 · Accepted 2024-11-07 07:02:05
Key Financial Figures
- $0.01 — changeonwhichregistered: Common stock, $0.01 par value PZZA The NASDAQ Stock Market
Filing Documents
- pzza-20240929.htm (10-Q) — 1757KB
- pzza-20240929xexx101.htm (EX-10.1) — 113KB
- pzza-20240929xexx311.htm (EX-31.1) — 10KB
- pzza-20240929xexx312.htm (EX-31.2) — 9KB
- pzza-20240929xexx321.htm (EX-32.1) — 4KB
- pzza-20240929xexx322.htm (EX-32.2) — 4KB
- pzza-20240929_g1.jpg (GRAPHIC) — 214KB
- 0001628280-24-045963.txt ( ) — 9018KB
- pzza-20240929.xsd (EX-101.SCH) — 43KB
- pzza-20240929_cal.xml (EX-101.CAL) — 72KB
- pzza-20240929_def.xml (EX-101.DEF) — 272KB
- pzza-20240929_lab.xml (EX-101.LAB) — 633KB
- pzza-20240929_pre.xml (EX-101.PRE) — 463KB
- pzza-20240929_htm.xml (XML) — 1337KB
Financial Statements
Financial Statements Condensed Consolidated Balance Sheets — September 29 , 2024 and December 31, 2023 1 Condensed Consolidated Statements of Operations — Three and nine months ended September 29 , 2024 and September 2 4 , 2023 2 Condensed Consolidated Statements of Comprehensive Income — Three and nine months ended September 29 , 2024 and Sept ember 2 4 , 2023 3 Condensed Consolidated Statements of Stockholders' Deficit — Three and nine months ended September 29 , 2024 and September 2 4 , 2023 4 Condensed Consolidated Statements of Cash Flows — Nine months ended Se ptember 29 , 2024 and September 2 4 , 2023 6 Notes to Condensed Consolidated Financial Statements 7 Item 2.
Management's Discussion and Analysis of Financial Condition and Results of Operations
Management's Discussion and Analysis of Financial Condition and Results of Operations 23 Item 3.
Quantitative and Qualitative Disclosures About Market Risk
Quantitative and Qualitative Disclosures About Market Risk 41 Item 4.
Controls and Procedures
Controls and Procedures 42 PART II. OTHER INFORMATION Item 1.
Legal Proceedings
Legal Proceedings 42 Item 1A.
Risk Factors
Risk Factors 42 Item 2. Unregistered Sales of Equity Securities and Use of Proceeds 42 Item 5. Other Information 43 Item 6. Exhibits 44 i
FINANCIAL INFORMATION
PART I. FINANCIAL INFORMATION
Financial Statements
Item 1. Financial Statements Papa John's International, Inc. and Subsidiaries Condensed Consolidated Balance Sheets (In thousands, except per share amounts) September 29, 2024 December 31, 2023 (Unaudited) Assets Current assets: Cash and cash equivalents $ 17,550 $ 40,587 Accounts receivable, net 101,804 104,244 Notes receivable, current portion 5,728 5,199 Income tax receivable 2,414 2,577 Inventories 36,488 36,126 Prepaid expenses and other current assets 51,873 42,285 Total current assets 215,857 231,018 Property and equipment, net 266,508 282,812 Finance lease right-of-use assets, net 25,535 31,740 Operating lease right-of-use assets 191,194 164,158 Notes receivable, less current portion, net 7,346 12,346 Goodwill 76,460 76,206 Other assets 77,975 76,725 Total assets $ 860,875 $ 875,005 Liabilities, Redeemable noncontrolling interests and Stockholders' deficit Current liabilities: Accounts payable $ 62,800 $ 74,949 Income and other taxes payable 10,166 17,948 Accrued expenses and other current liabilities 139,301 158,167 Current deferred revenue 19,645 20,427 Current finance lease liabilities 6,962 9,029 Current operating lease liabilities 26,001 24,076 Current portion of long-term debt 5,650 — Total current liabilities 270,525 304,596 Deferred revenue 18,737 20,366 Long-term finance lease liabilities 19,921 24,144 Long-term operating lease liabilities 180,137 151,050 Long-term debt, less current portion, net 721,355 757,422 Other long-term liabilities 64,882 60,192 Total liabilities 1,275,557 1,317,770 Redeemable noncontrolling interests 937 851 Stockholders' deficit: Common stock ($ 0.01 par value per share; issued 49,282 at September 29, 2024 and 49,235 at December 31, 2023) 493 492 Additional paid-in capital 449,141 452,290 Accumulated other comprehensive loss ( 6,580 ) ( 7,803 ) Retained earnings 242,269 219,027 Treasury stock ( 16,645 shares at September 29, 2024 and 16,747 shares at December 31, 2023, a