greeksoup/ stock research
Stock research / United States / PZZA / Q2 FY2024

Papa Johns International (PZZA) Q2 FY2024 earnings: revenue $508 million, down 1.3% on the year

Papa Johns International Inc. (PZZA) reported revenue of $508 million for Q2 FY2024, the quarter ended 30 June 2024, down 1.3% on the same quarter a year earlier. Net income was $12 million, down 31.1% on the year, and diluted earnings per share $0.37. The figures are the company's own, from the 10-Q it filed with the SEC on 8 August 2024.

Revenue$508 milliondown 1.3%
Net income$12 milliondown 31.1%
Diluted EPS$0.37
QuarterQ2 FY2024ended 30 June 2024

The quarter, against the one before and a year earlier

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Revenue508514n/an/a
Cost of revenue363368n/an/a
Gross profit145146n/an/a
Gross margin28.5%28.5%n/a
Operating income28.233.7n/an/a
Operating margin5.6%6.6%n/a
Pre-tax income17.322.7n/an/a
Income tax4.87.7n/an/a
Effective tax rate27.7%34.2%n/a
Net income12.214.6n/an/a
Net margin2.4%2.8%n/a
Diluted EPS$0.37$0.44n/an/a
$ million except per share.
Read moreFree cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Those four are arithmetic on the filed numbers; everything else is as filed. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and share counts are as they are.

Cash flow and capital returned

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Operating cash flow30.012.0n/an/a
Capital expenditure16.113.1n/an/a
Free cash flow13.9-1.1n/an/a
Free cash flow margin2.7%-0.2%n/a
Cash from investing-13.7-10.2n/an/a
Cash from financing-19.8-14.6n/an/a
Depreciation and amortisation17.617.7n/an/a
Share-based compensation2.9-0.4n/an/a
Buybacks0.00.0n/an/a
Dividends paid15.115.1n/an/a
Dividend per share$0.46$0.46n/an/a
Diluted shares, weighted33m33mn/an/a
Shares outstanding at period end33m33mn/an/a

Cash flow lines for the quarter; where the company files them year to date, the quarter is the difference between two filings.

Balance sheet at quarter end

LineQ2 FY2024Q1 FY2024A year earlierChange on the year
Shareholders' equity-462-462n/an/a
Non-controlling interest15.515.4n/an/a
Redeemable equity1.00.9n/an/a
Debt759761n/an/a
Operating lease liabilities145144n/an/a
Finance lease liabilities22.423.7n/an/a
Other liabilities358364n/an/a
Total liabilities and equity838847n/an/a
Fixed assets266273n/an/a
Goodwill75.576.0n/an/a
Cash and equivalents24.327.8n/an/a
Receivables93.594.5n/an/a
Inventory37.738.1n/an/a
Other assets342338n/an/a
Total assets838847n/an/a

Questions

What was Papa Johns International's revenue in Q2 FY2024?

Papa Johns International (PZZA) reported revenue of $508 million for Q2 FY2024, the quarter ended 30 June 2024, down 1.3% on the same quarter a year earlier.

How much did Papa Johns International earn in Q2 FY2024?

Net income for Q2 FY2024 was $12 million, down 31.1% on the year, and diluted earnings per share $0.37.

When did Papa Johns International report Q2 FY2024 results?

Papa Johns International filed its 10-Q for the quarter ended 30 June 2024 with the SEC on 8 August 2024.

Quarterly results, the last 12 quarters

Q3 FY2023Q4 FY2023 *Q1 FY2024Q2 FY2024Q3 FY2024Q4 FY2024 *Q1 FY2025Q2 FY2025Q3 FY2025Q4 FY2025 *Q1 FY2026Q2 FY2026
Revenue523571514508507531518529508498479482
Cost of revenuen/an/a368363370378366372369353341339
Gross profitn/an/a146145137153152157139145138143
Gross marginn/an/a28%29%27%29%29%30%27%29%29%30%
Operating income31.942.633.728.265.229.524.024.516.224.520.823.2
Operating margin6%7%7%6%13%6%5%5%3%5%4%5%
Pre-tax incomen/an/a22.717.354.619.513.913.96.214.411.113.7
Tax raten/an/a34%28%23%23%33%30%28%40%37%36%
Net income15.926.114.612.241.814.89.29.54.77.17.38.5
Net margin3%5%3%2%8%3%2%2%1%1%2%2%
Diluted EPS$0.48$0.79$0.44$0.37$1.27$0.44$0.27$0.28$0.13$0.21$0.21$0.24
Operating cash flow33.266.112.030.013.950.731.335.539.319.87.228.6
Capital expenditure16.125.713.116.117.825.612.218.116.717.713.512.9
Free cash flow17.140.4-1.113.9-3.825.219.117.422.72.1-6.215.7
Buybacks0.00.00.00.00.02.1n/an/an/an/an/an/a
Dividends paid15.214.815.115.115.215.215.215.315.315.315.315.5
Shares outstanding32m32m33m33m33m33m33m33m33m33m33m33m
Filing10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q10-Q10-K10-Q10-Q
Each quarter as filed, linked to its filing.
Read more* The fourth quarter is the full year less the first three quarters, because the company files the year and not the quarter on its own. A fourth quarter's EPS and diluted share count are from the company's results press release for that quarter, used where the release gives the same revenue and net income as the table. Money is in $ million as the company files it, or in $ billion by the switch above the tables; per share figures and the share count are as they are. Free cash flow is operating cash flow less capital expenditure; the effective tax rate is income tax over pre-tax income; margins are the line over revenue. Gross profit is revenue less cost of revenue, and operating income is revenue less the company's own total costs, where the statement does not print those lines. Cash flow lines filed year to date are the difference between two filings. Shares outstanding are at the period end where the balance sheet tags them, otherwise the count on the filing's cover page. A derived fourth-quarter EPS is left blank when a split in the year makes the arithmetic meaningless.

Source

10-Q for the period ended 30 June 2024, filed 8 August 2024, accession 0001628280-24-035863: the filing on EDGAR. All of Papa Johns International Inc.'s filings: EDGAR company page.

The same record on your computer

GreekSoup is also a free program for your own computer. It reads these same filings for the names you follow, refreshed as they land, with no account. One pasted line installs it.

Install