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
13 Jan
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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