PAPA JOHNS INTERNATIONAL INC
For the period ended Feb 26, 2026. Filed Feb 26, 2026.
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Feb 26, 2026 · Filed Feb 26, 2026
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 segment adjusted EBITDA. See the Company’s Annual Report on Form 10-K for the year ended December 28, 2025 for further information on segments, including reconciliations of segment measures to consolidated measures for the year ended December 28, 2025.
| In thousands, unaudited | Domestic Company-owned Restaurants | North America Franchising | North America Commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $150,737 | $34,301 | $217,020 | $45,820 |
| Intersegment revenues | — | 806 | 49,544 | — |
| Segment revenue | $150,737 | $35,107 | $266,564 | $45,820 |
| Less segment expenses (a): | ||||
| Cost of sales | $131,532 | $— | $237,562 | $22,595 |
| General and administrative expenses | 9,672 | 9,339 | 8,388 | 11,356 |
| Advertising funds expense | — | — | — | 5,608 |
| Segment adjusted EBITDA | $9,533 | $25,768 | $20,614 | $6,261 |
| In thousands, unaudited | Domestic Company-owned Restaurants | North America Franchising | North America Commissaries | International |
| Revenues from external customers | $174,633 | $35,154 | $219,901 | $41,733 |
| Intersegment revenues | — | 1,049 | 53,602 | — |
| Segment revenue | $174,633 | $36,203 | $273,503 | $41,733 |
| Less segment expenses (a): | ||||
| Cost of sales | $154,177 | $— | $246,888 | $21,255 |
| General and administrative expenses | 9,563 | 8,366 | 9,768 | 9,725 |
| Advertising funds expense | — | — | — | 4,416 |
| Segment adjusted EBITDA | $10,893 | $27,837 | $16,847 | $6,337 |
| In thousands, unaudited | Domestic Company-owned Restaurants | North America Franchising | North America Commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $662,523 | $139,009 | $854,188 | $173,836 |
| Intersegment revenues | — | 4,470 | 203,900 | — |
| Segment revenue | $662,523 | $143,479 | $1,058,088 | $173,836 |
| Less segment expenses (a): | ||||
| Cost of sales | $593,447 | $— | $944,736 | $90,829 |
| General and administrative expenses | 40,705 | 38,115 | 34,533 | 40,339 |
| Advertising funds expense | — | — | — | 20,087 |
| Segment adjusted EBITDA | $28,371 | $105,364 | $78,819 | $22,581 |
| In thousands, unaudited | Domestic Company-owned Restaurants | North America Franchising | North America Commissaries | International |
| Revenues from external customers | $692,736 | $139,091 | $831,774 | $174,054 |
| Intersegment revenues | — | 4,150 | 205,234 | — |
| Segment revenue | $692,736 | $143,241 | $1,037,008 | $174,054 |
| Less segment expenses (a): | ||||
| Cost of sales | $610,629 | $— | $934,981 | $104,138 |
| General and administrative expenses | 38,448 | 33,028 | 36,278 | 37,984 |
| Advertising funds expense | — | — | — | 13,635 |
| Segment adjusted EBITDA | $43,659 | $110,213 | $65,749 | $18,297 |
(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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