Papa John's International's Q4 Global System-Wide Sales Were ~$1.2B, Down 8% YoY, North America Comparable Sales Were Down 4% YoY

Benzinga
01-13

Fourth Quarter Preliminary Results

  • Global system-wide sales were approximately $1.2 billion, an approximately 8%(a) decrease from the prior year fourth quarter due to the additional week of operations in fiscal 2023. Excluding the 53rd week in 2023, global system-wide sales were roughly flat(a) from the prior year period.
  • North America comparable sales(b) were down 4% compared with the prior year period as transaction and ticket were each down 2%. North America franchised restaurants comparable sales were down 4% while Domestic Company-owned restaurants were down 6% from a year ago.
  • International comparable sales(b) were up 2% from the prior year period.
  • Total net new restaurants of 122 in the fourth quarter 2024.
    • North America net new restaurants of 60 driven by 63 new restaurant openings.
    • International net new restaurants of 62 driven by 83 new restaurant openings.

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