PAPA JOHNS INTERNATIONAL INC
For the period ended May 8, 2025. Filed May 8, 2025.
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May 8, 2025 · Filed May 8, 2025
Contents
EX-99.1 · Segment Information
Segment Information
The following tables present the operating results of our segments. We have four reportable segments: Domestic Company-owned restaurants, North America franchising, North America commissaries, and International. Under ASC 280, Segment Reporting, our segment performance is evaluated based on adjusted EBITDA. See the Company’s Form 10-Q for the quarter-ended March 30, 2025 for further information on segments, including reconciliations of segment measures to consolidated measures for the quarter-ended March 30, 2025.
| (in thousands) | Domestic Company-Owned Restaurants | NA Franchising | NA Commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $170,795 | $35,552 | $212,918 | $39,111 |
| Intersegment revenues | — | 1,259 | 51,458 | — |
| Segment revenue | $170,795 | $36,811 | $264,376 | $39,111 |
| Less segment expenses (a): | ||||
| Cost of sales | $155,013 | $— | $235,731 | $19,785 |
| General & administrative | 10,750 | 9,563 | 9,292 | 8,844 |
| Advertising funds expense | — | — | — | 5,101 |
| Segment adjusted EBITDA | $5,032 | $27,248 | $19,353 | $5,381 |
| (in thousands) | Domestic Company-Owned Restaurants | NA Franchising | NA Commissaries | International |
| Revenues from external customers | $176,224 | $35,697 | $203,287 | $46,673 |
| Intersegment revenues | — | 1,049 | 49,267 | — |
| Segment revenue | $176,224 | $36,746 | $252,554 | $46,673 |
| Less segment expenses (a): | ||||
| Cost of sales | $151,106 | $— | $226,287 | $30,855 |
| General & administrative | 10,180 | 8,238 | 9,091 | 8,739 |
| Advertising funds expense | — | — | — | 2,886 |
| Segment adjusted EBITDA | $14,938 | $28,508 | $17,176 | $4,193 |
(a) Segment expenses excludes depreciation and amortization, stock-based compensation expense, and certain general and administrative expenses and other items that do not reflect normal, recurring expenses necessary to operate our business.
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