Papa John's International PZZA Area development fees — Contract Liabilities
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Where this comes from
Reported directly by Papa John's International in its filing.
Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.
The source filing: Papa John's International’s 10-Q, filed August 6, 2026.
- Filed
- Aug 6, 2026, 7:05 AM EDT
- Fiscal quarter
- Q2 FY2026
- Calendar quarter
- Q2 2026
- Accession
- 0001628280-26-053823
At June 28, 2026, approximately $2.7 million of area development fees related to unopened restaurants and International unearned franchise fees were included in Deferred revenue. Timing of revenue recognition is dependent upon the timing of restaurant openings and franchisees’ revenues. Unredeemed gift card liabilities, which are included in Deferred revenue, will be recognized in Company-owned restaurant sales when gift cards are redeemed. The Company will recognize redemption fee revenue in Other revenues when cards are redeemed at franchised restaurant locations.
Item 1. Financial Statements
FAQ
- What is Papa John's International's area development fees — contract liabilities?
- Papa John's International (PZZA) reported area development fees — contract liabilities of $2.7M in Q2 2026.
- How has Papa John's International's area development fees — contract liabilities changed year-over-year?
- Papa John's International's area development fees — contract liabilities increased by 12.5% year-over-year, from $2.4M to $2.7M.
- What is the long-term trend for Papa John's International's area development fees — contract liabilities?
- Over 2 years (2023 to 2025), Papa John's International's area development fees — contract liabilities has grown at a -15.2% compound annual growth rate (CAGR), from $13.5M to $9.7M.
- What does area development fees — contract liabilities mean?
- This metric represents the deferred revenue associated with non-refundable fees paid by franchisees for the right to develop and operate a specified number of restaurant units within a defined geographic territory. These contract liabilities reflect the obligation to provide future development support and brand access over the term of the development agreement. As the franchisee opens new locations or the development period progresses, these liabilities are recognized as revenue in accordance with the company's performance obligations.
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