On August 7, 2025, Papa John's International, Inc. announced its financial results for the second quarter ended June 29, 2025, reporting total revenues of $529.2 million, an increase of 4.2% year-over-year.
Net income for the quarter was $9.7 million, a decrease from $12.5 million in Q2 2024, resulting in diluted earnings per common share of $0.28, down from $0.37 in the prior year period. Adjusted diluted EPS was $0.41, down from $0.61 in Q2 2024.
North America comparable sales increased by 1%, marking a return to growth, while International comparable sales demonstrated strength with a 4% increase. Global system-wide restaurant sales grew by 4%.
The company reported free cash flow of $36.5 million for the six months ended June 29, 2025, an increase from $12.8 million in the prior year period.
Papa Johns reiterated its 2025 annual guidance for system-wide sales growth (2% to 5%), North America comparable sales (flat to up 2%), and adjusted EBITDA ($200 million to $220 million). Notably, the company raised its International comparable sales guidance to a range of 2% to 4%.
CEO Todd Penegor stated that the second quarter results exceeded expectations, driven by transaction gains and a focus on the core pizza business, reinforcing confidence in delivering sustainable profitable growth.
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