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Compared to Estimates, Papa John's (PZZA) Q1 Earnings: A Look at Key Metrics

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For the quarter ended March 2026, Papa John's (PZZA - Free Report) reported revenue of $478.61 million, down 7.7% over the same period last year. EPS came in at $0.32, compared to $0.36 in the year-ago quarter.

The reported revenue represents a surprise of -1.01% over the Zacks Consensus Estimate of $483.48 million. With the consensus EPS estimate being $0.40, the EPS surprise was -20.28%.

While investors closely watch year-over-year changes in headline numbers -- revenue and earnings -- and how they compare to Wall Street expectations to determine their next course of action, some key metrics always provide a better insight into a company's underlying performance.

Since these metrics play a crucial role in driving the top- and bottom-line numbers, comparing them with the year-ago numbers and what analysts estimated about them helps investors better project a stock's price performance.

Here is how Papa John's performed in the just reported quarter in terms of the metrics most widely monitored and projected by Wall Street analysts:
  • Number of Restaurants - System-wide: 6,020 versus 6,035 estimated by five analysts on average.
  • Number of Restaurants - Total Franchised(Franchised North America+International Franchised): 5,550 versus the five-analyst average estimate of 5,561.
  • Number of Restaurants - Franchised North America: 3,030 compared to the 3,020 average estimate based on five analysts.
  • Number of Restaurants - Papa John's - Company-owned - Domestic: 457 versus the five-analyst average estimate of 463.
  • Number of Restaurants - International Franchised: 2,520 compared to the 2,542 average estimate based on five analysts.
  • Number of Restaurants - International: 2,533 versus the four-analyst average estimate of 2,552.
  • Number of Restaurants - Total North America: 3,487 compared to the 3,481 average estimate based on four analysts.
  • Revenues- Franchise royalties and fees: $47.58 million versus $47.34 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -1% change.
  • Revenues- Advertising funds revenue: $43.47 million versus $41.68 million estimated by five analysts on average. Compared to the year-ago quarter, this number represents a -0.5% change.
  • Revenues- Other revenues: $21.79 million compared to the $22.69 million average estimate based on five analysts. The reported number represents a change of -8.3% year over year.
  • Revenues- Commissary revenues: $222.64 million versus the five-analyst average estimate of $226.6 million. The reported number represents a year-over-year change of -2.8%.
  • Revenues- Company-owned restaurant sales: $143.13 million compared to the $145.62 million average estimate based on five analysts. The reported number represents a change of -17.7% year over year.

View all Key Company Metrics for Papa John's here>>>

Shares of Papa John's have returned -4.5% over the past month versus the Zacks S&P 500 composite's +11.4% change. The stock currently has a Zacks Rank #3 (Hold), indicating that it could perform in line with the broader market in the near term.

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