PZZAPapa John's International, Inc.

$1B

Q1 2023 Earnings

Consumer Cyclical Restaurants

Income Statement

Revenue

$527M-2.9% YoY

Gross Profit

$104M19.8% margin

Operating Income

$38M7.2% margin

Net Income

$22M4.2% margin

EPS (Diluted)

$0.65

QoQ Revenue Growth

+0.2%

Cash Flow

Operating Cash Flow

$41M

Free Cash Flow

$22M

Stock-Based Comp.

$4M

Balance Sheet

Total Assets

$865M

Total Liabilities

$1.3B

Stockholders' Equity

-$491M

Cash & Equivalents

$47M

Year-over-Year Comparison

Metric	Current	Year Ago	Change
Revenue	$527M	$543M	-2.9%
Gross Profit	$104M	$164M	-36.3%
Operating Income	$38M	$14M	+161.8%
Net Income	$22M	$10M	+113.2%

Revenue Segments

Domestic company owned restaurants segment

$180M59%

North America commissary segment

$52M17%

International Segment

$39M13%

North America franchising segment

$36M12%

PZZA Q1 2023 Earnings — Papa John's International, Inc. Revenue & Financial Results | Market Cap Arena