Papa John's International (PZZA) FY2024 results: revenue $2.1 billion, down 3.6% on the year
Papa John's International, Inc. (PZZA) reported revenue of $2.1 billion for fiscal 2024, the year ended 29 December 2024, down 3.6% on the year before. Net income was $83 million, up 1.7%, and diluted earnings per share $2.54. The figures are the company's own, from the 10-K it filed with the SEC on 27 February 2025.
Revenue
$2.1 billion
-3.6% on the year
FY2017FY2024
Operating margin
7.6%
6.9% a year earlier
FY2017FY2024
Net income
$83 million
+1.7% on the year
FY2017FY2024
Diluted EPS
$2.54
+2.4% on the year
FY2017FY2024
this yearthe year beforeHover a bar for its figure.
$ 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
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Operating cash flow
107
193
118
-44.8%
Capital expenditure
72.5
76.6
78.4
-5.4%
Free cash flow
34.1
116
39.4
-70.7%
Free cash flow margin
1.7%
5.5%
1.9%
Cash from investing
-17.3
-75.1
-62.8
Cash from financing
-91.7
-124
-76.2
Depreciation and amortisation
69.4
64.1
52.0
+8.3%
Share-based compensation
9.6
17.9
18.4
-46.5%
Buybacks
2.1
210
125
-99.0%
Dividends paid
60.6
58.5
54.8
+3.6%
Dividend per share
$1.84
$1.76
$1.54
+4.5%
Diluted shares, weighted
33m
33m
36m
-1.0%
Shares outstanding at period end
33m
32m
35m
+0.3%
Balance sheet
$ million
FY2024
FY2023
FY2022
On the year
Last 8 years
Shareholders' equity
-430
-459
-286
Non-controlling interest
15.3
15.5
15.7
-1.1%
Redeemable equity
0.9
0.9
1.2
+6.1%
Debt
742
757
597
-2.1%
Operating lease liabilities
174
151
161
+14.9%
Finance lease liabilities
22.9
24.1
19.0
-5.2%
Other liabilities
364
385
357
-5.4%
Total liabilities and equity
889
875
864
+1.6%
Fixed assets
273
283
250
-3.4%
Goodwill
75.5
76.2
70.6
-1.0%
Cash and equivalents
38.0
40.6
47.4
-6.5%
Receivables
102
104
103
-2.5%
Inventory
35.2
36.1
41.4
-2.4%
Other assets
365
335
353
+9.0%
Total assets
889
875
864
+1.6%
10-K for the year ended 29 December 2024, filed 27 February 2025: the filing.