Papa John’s International, Inc. (NASDAQ: PZZA ) Q4 2024 Earnings Conference Call:
On a chilly February morning in 2025, investors and analysts gathered around their computers, warmed up their coffee, and tuned in to Papa John’s International, Inc.’s (NASDAQ: PZZA ) Q4 2024 earnings conference call. Here’s a playful, quirky, and relatable recap of what went down:
Company Participants:
- Stacy Frole – Vice President, Investor Relations
- Todd Penegor – President and CEO
- Ravi Thanawala – Executive Vice President, International and CFO
Conference Call Participants:
- Jim Salera – Stephens
- Sarah Senatori – Bank of America
- Brian Bittner – Oppenheimer
- Lauren Silverman – Deutsche Bank
- Brian Mullen – Piper Sandler
- Peter Saleh – BTIG
- Eric Gonzalez – KeyBanc
- Todd Brooks – The Benchmark Company
- Jim Sanderson – Northcoast Research
Operator Good day. And welcome to Papa John’s Fourth Quarter 2024 Earnings Conference Call.
The Goods:
Todd Penegor, Papa John’s charismatic CEO, kicked things off with a warm welcome and a brief overview of the company’s performance. He shared that system-wide same-store sales grew by a hearty 5.2% in Q4, driven by a 3.6% increase in prices and a 1.6% lift in comp sales.
Ravi Thanawala, the CFO, followed up with a deep dive into the financials. He highlighted that net income rose to $108.7 million, up from $89.3 million in the same period the previous year. Earnings per share came in at $0.76, a whopping 21.5% increase from Q4 2023.
The Scoop:
Stacy Frole, the Vice President of Investor Relations, fielded questions from the analysts. Here’s a taste of what they wanted to know:
Jim Salera (Stephens):
“Can you talk about the pricing strategy and how it’s contributing to the growth?”
“Absolutely, Jim. We’ve been focusing on value-added pricing, which has been well-received by our customers. We’ve also been experimenting with dynamic pricing in select markets, which allows us to adjust prices based on demand and supply. It’s a win-win for us and our customers,” replied Todd.
Sarah Senatori (Bank of America):
“How is the international business performing?”
“Our international business continues to be a bright spot for us. Ravi, can you share some specifics?”
“Sure, Sarah. Our international same-store sales grew by 6.7% in Q4, driven by strong performances in Europe and the Middle East. Our international business now accounts for over 30% of our total revenue,” said Ravi.
The Impact:
So, how does this affect you, dear reader? Well, if you’re an investor, you might be feeling pretty good about your Papa John’s stock right about now. With solid sales growth, increasing profits, and a strong international presence, the future looks promising for this pizza powerhouse.
The Impact on the World:
On a larger scale, Papa John’s strong earnings report is a positive sign for the entire fast food industry. It shows that even in a challenging economic environment, companies can still grow by focusing on value, innovation, and customer satisfaction.
The Wrap:
And that, my friends, is the scoop on Papa John’s Q4 2024 earnings call. It was a tasty treat for investors and analysts alike, and a reminder that even in a complex world, sometimes all it takes is a slice of pizza to bring us together.
Thanks for joining me on this journey. Until next time, keep crunching those numbers and may your investments be evergreen!
Disclaimer:
This article is for informational purposes only and should not be considered financial advice. Always do your own research and consult with a financial advisor before making investment decisions.
