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Papa Johns International Inc (PZZA) SEC Filing 10-Q Quarterly report for the period ending Sunday, March 29, 2020

Papa Johns International Inc

CIK: 901491 Ticker: PZZA
Exhibit 99.1

Papa John’s Announces First Quarter 2020 Results and Provides Business Update in Response to COVID-19 Pandemic

LOUISVILLE, Ky.--(BUSINESS WIRE)--May 6, 2020--Papa John’s International, Inc. (NASDAQ: PZZA)

today announced financial results for the first quarter ended March 29, 2020. The company also provided an update on the business impact of the global coronavirus (COVID-19) pandemic.

Highlights

  • First quarter 2020 earnings per diluted share of $0.15 compared to first quarter 2019 loss per diluted share of ($0.12)
  • System-wide North America comparable sales increase of 5.3%
  • International comparable sales increase of 2.3%
  • Cash flow from operations of $33.7 million; free cash flow of $24.4 million for first quarter 2020
  • Launched No Contact Delivery and Carryout domestically and in many international markets and on plan to hire thousands of new team members
  • Preliminary estimated April fiscal period comparable sales increases of 26.9% for North America and 1.4% for international

Rob Lynch, President & CEO said, “Thanks to the tremendous effort of our team members and franchisees, I’m proud to say that Papa John’s has kept its doors open and continued feeding our customers and neighbors in North America and most markets during the COVID-19 pandemic. Guided by the needs of our team members and the communities we serve, we have implemented rigorous additional health and safety measures, including No Contact Delivery, and expanded our health and paid-leave benefits. Our team members and franchisees have also served more than two million free slices of pizza to those on the front lines and in need. As seen in our April North America comparable sales, after the close of the first quarter, unprecedented numbers of families are relying on Papa John’s. We are rising to this challenge, hiring thousands of new team members, safeguarding our supply chain and carefully managing our finances. It's an honor to deliver BETTER INGREDIENTS. BETTER PIZZA. to our new and returning customers, especially in these trying times.”


The following information was filed by Papa Johns International Inc (PZZA) on Wednesday, May 6, 2020 as an 8K 2.02 statement, which is an earnings press release pertaining to results of operations and financial condition. It may be helpful to assess the quality of management by comparing the information in the press release to the information in the accompanying 10-Q Quarterly Report statement of earnings and operation as management may choose to highlight particular information in the press release.

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Papa Johns International Inc's Definitive Proxy Statement (Form DEF 14A) filed after their 2020 10-K Annual Report includes:

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Inside Papa Johns International Inc's 10-Q Quarterly Report:

Financial Statements, Disclosures and Schedules

Inside this 10-Q Quarterly Report

Document And Entity Information
Condensed Consolidated Balance Sheets
Condensed Consolidated Balance Sheets (Parenthetical)
Condensed Consolidated Statements Of Cash Flows
Condensed Consolidated Statements Of Comprehensive Loss
Condensed Consolidated Statements Of Comprehensive Loss (Parenthetical)
Condensed Consolidated Statements Of Operations
Condensed Consolidated Statements Of Stockholders' Deficit
Condensed Consolidated Statements Of Stockholders' Deficit (Parenthetical)
Basis Of Presentation
Commitments And Contingencies
Commitments And Contingencies (Details)
Common Stock And Series B Convertible Preferred Stock
Common Stock And Series B Convertible Preferred Stock - Cash Dividend (Details)
Common Stock And Series B Convertible Preferred Stock - Shares Authorized And Outstanding (Details)
Debt
Debt (Tables)
Debt - Credit Agreements (Details)
Debt - Derivatives (Details)
Debt - Effect Of Derivatives On Financial Statements (Details)
Debt - Interest Rate Swaps (Details)
Debt - Schedule Of Long Term Debt (Details)
Earnings (Loss) Per Share
Earnings (Loss) Per Share (Details)
Earnings (Loss) Per Share (Tables)
Leases
Leases (Tables)
Leases - Future Minimum Lease Payments, Lessor Operating Leases, And Lease Guarantees (Details)
Leases - Supplemental Cash Flow Information (Details)
Other General Expenses (Income)
Other General Expenses (Income) (Details)
Other General Expenses (Income) (Tables)
Papa John's Marketing Fund, Inc.
Papa John's Marketing Fund, Inc. (Details)
Papa John's Marketing Fund, Inc. (Tables)
Revenue Recognition
Revenue Recognition (Tables)
Revenue Recognition - Contract Balances (Details)
Revenue Recognition - Transaction Price Allocated To Remaining Performance Obligations (Details)
Segment Information
Segment Information (Tables)
Segment Information - Concentration (Details)
Segment Information - Disaggregation Of Revenue (Details)
Segment Information - Schedule Of Segment Reporting Information, By Segment (Details)
Update To Significant Accounting Policies
Update To Significant Accounting Policies (Policies)
Update To Significant Accounting Policies (Tables)
Update To Significant Accounting Policies - Fair Value Measurements (Details)
Update To Significant Accounting Policies - Noncontrolling Interest And Joint Ventures (Details)
Update To Significant Accounting Policies - Schedule Rollforward Of The Allowance For Credit Losses For Accounts Receivable, Notes Receivable And Other Assets (Details)

Material Contracts, Statements, Certifications & more

Papa Johns International Inc provided additional information to their SEC Filing as exhibits

Ticker: PZZA
CIK: 901491
Form Type: 10-Q Quarterly Report
Accession Number: 0001558370-20-005281
Submitted to the SEC: Wed May 06 2020 7:07:56 AM EST
Accepted by the SEC: Wed May 06 2020
Period: Sunday, March 29, 2020
Industry: Retail Eating Places

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