PAPA JOHNS INTERNATIONAL INC (PZZA) FY2025 10-K Annual Report

Filed: Feb 26, 2026
Consumer Discretionary
Retail-Eating PlacesSEC EDGAR

PAPA JOHNS INTERNATIONAL INC (PZZA) 10-K annual report for fiscal year 2025, filed with SEC EDGAR on Feb 26, 2026. This page provides AI-powered analysis including business overview, management discussion & analysis (MD&A), risk factors, and key financial data such as revenue, net income, gross margin, operating margin, and return on equity (ROE) extracted from XBRL.

PAPA JOHNS INTERNATIONAL INC FY2025 10-K Analysis

Business Overview

  • Core business model: franchised and company-owned pizza delivery and carryout restaurants in 50 countries
  • New emphasis on product innovation beyond traditional pizza to expand addressable market
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Management Discussion & Analysis

  • Total revenues $2.05B, down 0.3% YoY; company-owned sales $675.7M (-6.8%), franchise royalties & fees $191M (+2.1%)
  • Operating margin not explicitly stated; depreciation expense increased to $80.8M in 2025 from $59.6M in 2024
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Risk Factors

  • U.S., UK, EU export controls and sanctions on Russia affecting support for Russian master franchisee and suspending corporate support
  • Middle East franchise boycott and disruptions from Gaza conflict, reducing sales and development prospects for regional franchisees
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PAPA JOHNS INTERNATIONAL INC FY2025 Key Financial Metrics
XBRL

Revenue

$2.1B

-0.3% YoY

Net Income

$31M

-63.4% YoY

Operating Margin

4.3%

-327bp YoY

Net Margin

1.5%

-257bp YoY

ROE

-6.9%

+1257bp YoY

Total Assets

$838M

-5.8% YoY

EPS (Diluted)

$0.90

-64.6% YoY

Operating Cash Flow

$126M

+18.2% YoY

Source: XBRL data from PAPA JOHNS INTERNATIONAL INC FY2025 10-K filing on SEC EDGAR. All figures in USD.

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