PAPA JOHNS INTERNATIONAL INC
For the period ended Nov 5, 2026. Filed Nov 5, 2026.
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Nov 5, 2026 · Filed Nov 5, 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 Form 10-Q for the quarter ended September 27, 2026 for further information on segments, including reconciliations of segment measures to consolidated measures for the quarter ended September 27, 2026.
| In thousands, unaudited | Domestic Company-Owned Restaurants | North America Franchising | North America Commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $128,049 | $29,984 | $202,335 | $44,996 |
| Intersegment revenues | — | 216 | 41,724 | — |
| Segment revenue | $128,049 | $30,200 | $244,059 | $44,996 |
| Less segment expenses (a): | ||||
| Cost of sales | $118,220 | $— | $216,423 | $23,330 |
| General and administrative expenses | 8,748 | 9,955 | 7,718 | 8,805 |
| Advertising funds expense | — | — | — | 5,194 |
| Segment adjusted EBITDA | $1,081 | $20,245 | $19,918 | $7,667 |
| In thousands, unaudited | Domestic Company-Owned Restaurants | North America Franchising | North America Commissaries | International |
| Revenues from external customers | $165,194 | $33,797 | $209,403 | $44,721 |
| Intersegment revenues | — | 1,161 | 50,086 | — |
| Segment revenue | $165,194 | $34,958 | $259,489 | $44,721 |
| Less segment expenses (a): | ||||
| Cost of sales | $150,917 | $— | $234,448 | $24,044 |
| General and administrative expenses | 10,335 | 9,452 | 5,839 | 10,858 |
| Advertising funds expense | — | — | — | 4,519 |
| Segment adjusted EBITDA | $3,942 | $25,506 | $19,202 | $5,300 |
(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.
| In thousands, unaudited | Domestic Company-Owned Restaurants | North America Franchising | North America Commissaries | International |
|---|---|---|---|---|
| Revenues from external customers | $406,656 | $97,474 | $617,956 | $133,263 |
| Intersegment revenues | — | 681 | 128,686 | — |
| Segment revenue | $406,656 | $98,155 | $746,642 | $133,263 |
| Less segment expenses (a): | ||||
| Cost of sales | $364,651 | $— | $666,709 | $69,118 |
| General and administrative expenses | 26,404 | 28,817 | 25,234 | 25,305 |
| Advertising funds expense | — | — | — | 15,659 |
| Segment adjusted EBITDA | $15,601 | $69,338 | $54,699 | $23,181 |
| In thousands, unaudited | Domestic Company-Owned Restaurants | North America Franchising | North America Commissaries | International |
| Revenues from external customers | $511,786 | $104,708 | $637,168 | $128,016 |
| Intersegment revenues | — | 3,664 | 154,356 | — |
| Segment revenue | $511,786 | $108,372 | $791,524 | $128,016 |
| Less segment expenses (a): | ||||
| Cost of sales | $461,915 | $— | $707,174 | $68,234 |
| General and administrative expenses | 31,033 | 28,776 | 26,145 | 28,983 |
| Advertising funds expense | — | — | — | 14,479 |
| Segment adjusted EBITDA | $18,838 | $79,596 | $58,205 | $16,320 |
(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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