PAPA JOHNS INTERNATIONAL INC
For the period ended Aug 7, 2025. Filed Aug 7, 2025.
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Aug 7, 2025 · Filed Aug 7, 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 June 29, 2025 for further information on segments, including reconciliations of segment measures to consolidated measures for the quarter-ended June 29, 2025.
| (in thousands, unaudited) | Domestic Company-owned restaurants | North America franchising | North America commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $175,797 | $35,359 | $214,846 | $44,184 |
| Intersegment revenues | — | 1,244 | 52,813 | — |
| Segment revenue | $175,797 | $36,603 | $267,659 | $44,184 |
| Less segment expenses (a): | ||||
| Cost of sales | $155,985 | $— | $236,993 | $24,407 |
| General & administrative | 9,948 | 9,760 | 11,014 | 9,282 |
| Advertising funds expense | — | — | — | 4,858 |
| Segment adjusted EBITDA | $9,864 | $26,843 | $19,652 | $5,637 |
| (in thousands, unaudited) | Domestic Company-owned restaurants | North America franchising | North America commissaries | International |
| Revenues from external customers | $173,207 | $34,409 | $198,197 | $46,547 |
| Intersegment revenues | — | 1,041 | 50,303 | — |
| Segment revenue | $173,207 | $35,450 | $248,500 | $46,547 |
| Less segment expenses (a): | ||||
| Cost of sales | $150,262 | $— | $224,511 | $30,210 |
| General & administrative | 9,471 | 8,243 | 8,947 | 9,575 |
| Advertising funds expense | — | — | — | 3,049 |
| Segment adjusted EBITDA | $13,474 | $27,207 | $15,042 | $3,713 |
| (in thousands, unaudited) | Domestic Company-owned restaurants | North America franchising | North America commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $346,592 | $70,911 | $427,765 | $83,295 |
| Intersegment revenues | — | 2,503 | 104,271 | — |
| Segment revenue | $346,592 | $73,414 | $532,036 | $83,295 |
| Less segment expenses (a): | ||||
| Cost of sales | $310,998 | $— | $472,726 | $44,191 |
| General & administrative | 20,698 | 19,323 | 20,306 | 18,126 |
| Advertising funds expense | — | — | — | 9,959 |
| Segment adjusted EBITDA | $14,896 | $54,091 | $39,004 | $11,019 |
| (in thousands, unaudited) | Domestic Company-owned restaurants | North America franchising | North America commissaries | International |
| Revenues from external customers | $349,431 | $70,106 | $401,484 | $93,220 |
| Intersegment revenues | — | 2,090 | 99,570 | — |
| Segment revenue | $349,431 | $72,196 | $501,054 | $93,220 |
| Less segment expenses (a): | ||||
| Cost of sales | $301,368 | $— | $450,800 | $61,065 |
| General & administrative | 19,650 | 16,482 | 18,037 | 18,314 |
| Advertising funds expense | — | — | — | 5,935 |
| Segment adjusted EBITDA | $28,413 | $55,714 | $32,217 | $7,906 |
(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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