Filing Flows › Papa Johns International (PZZA) › Q1 2026
Papa Johns International (PZZA) Q1 2026 earnings results (first quarter 2026)
10-Q filed May 7, 2026
Papa Johns International (PZZA) reported revenue of $479M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -4% from the quarter before. Operating margin was 4.3%, net earnings $7.3M (1.5% of revenue).
Papa Johns International, Q1 2026: revenue $479M (-8% year over year), operating margin 4.3%, net earnings $7.3M, operating cash flow $7.2M. The chart follows the revenue to costs, profit and cash.
| Q1 2026 | Amount | Q/Q | Y/Y |
|---|---|---|---|
| Revenue | $479M | -4% | -8% |
| Operating profit | $20.8M | -15% | -13% |
| Net earnings | $7.3M | +3% | -21% |
| Operating cash flow | $7.2M | -64% | -77% |
What changed
Revenue was $478.6M in Q1 2026, down 8% year over year and down 4% from the previous quarter. Commissary revenues was the largest line at 47% of revenue. Company-owned restaurant sales lost $30.7M year over year (down 18%), 77% of the total change.
Operating profit was $20.8M, a 4.3% margin (down 0.3 points year over year). Total costs fell 7% while revenue fell 8%. Net earnings were $7.3M, down 21% year over year. The effective tax rate was 37.4%.
Operating cash flow was $7.2M (down 77% year over year), 104% of net income including minority interests. Non-cash charges added back $17.7M of depreciation and amortization and $4.4M of share-based compensation. Working capital and other items used $21.9M. Capital expenditures of $13.5M exceeded it, leaving free cash flow of −$6.2M.
Questions
What was Papa Johns International's revenue in the first quarter 2026?
Papa Johns International (PZZA) reported revenue of $479M for the first quarter 2026 (Q1 2026), -8% from a year earlier and -4% from the quarter before.
Was Papa Johns International profitable in the first quarter 2026?
Operating profit was $20.8M (4.3% of revenue) and net earnings $7.3M.