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PAPA JOHNS INTERNATIONAL INC

For the period ended Sep 29, 2024. Filed Nov 7, 2024.

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About this filing

A company's report for each of its first three quarters. The financial statements are not audited. It shows how the business has moved since the last annual report, and what management says changed.

Sep 29, 2024 · Filed Nov 7, 2024

PZZA$19.73-0.8%Stored close · as of Nov 6, 2026
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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM 10-Q

(Mark One)

x Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

For the quarterly period ended September 29, 2024

OR

o Transition report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Commission File Number:0-21660

PAPA JOHN’S INTERNATIONAL, INC.

(Exact name of Registrant as specified in its charter)

Delaware61-1203323
(State or other jurisdiction of incorporation or organization)(I.R.S. Employer Identification number)
2002 Papa John’s Boulevard
Louisville, KY40299-2367
(Address of principal executive offices)(Zip Code)

(502)261-7272

(Registrant’s telephone number, including area code)

Securities registered pursuant to Section 12(b) of the Act:

Title of each class:Trading SymbolName of each exchange on which registered:
Common stock, $0.01 par valuePZZAThe NASDAQ Stock Market LLC

Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of 1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filing requirements for the past 90 days: Yes x Noo

Indicate by check mark whether the Registrant has submitted electronically every interactive Data File required to be submitted pursuant to Rule 405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submit such files). Yes x Noo

Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting company or an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growth company” in Rule 12b-2 of the Exchange Act.

Large Accelerated FilerxAccelerated filero
Non-accelerated fileroSmaller reporting companyo
Emerging growth companyo

If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying with any new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. o

Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). Yeso Nox

At November 1, 2024, there were 32,641,623 shares of the Registrant’s common stock outstanding.

INDEX

Page No.
PART I. · FINANCIAL INFORMATION
Item 1. · Financial Statements
Condensed Consolidated Balance Sheets — September 29, 2024 and December 31, 20231
Condensed Consolidated Statements of Operations — Three and nine months ended September 29, 2024 and September 24, 20232
Condensed Consolidated Statements of Comprehensive Income — Three and nine months ended September 29, 2024 and September 24, 20233
Condensed Consolidated Statements of Stockholders’ Deficit — Three and nine months ended September 29, 2024 and September 24, 20234
Condensed Consolidated Statements of Cash Flows — Nine months ended September 29, 2024 and September 24, 20236
Notes to Condensed Consolidated Financial Statements7
Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23
Item 3.Quantitative and Qualitative Disclosures About Market Risk41
Item 4.Controls and Procedures42
PART II.OTHER INFORMATION
Item 1.Legal Proceedings42
Item 1A.Risk Factors42
Item 2.Unregistered Sales of Equity Securities and Use of Proceeds42
Item 5.Other Information43
Item 6.Exhibits44

i

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