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Papa John's International PZZA Customer loyalty program obligations — Contract Liabilities

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Other financials

Income statement

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Revenue$478.6M-7.7%
Gross profit$137.7M-9.3%
Operating income$20.8M-13.4%
Net income$7.3M-21.3%
EPS (diluted)$0.21-22.2%

Balance sheet

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Cash & equivalents$39.0M-11.3%
Total debt$952.6M-3.2%
Total equity-$449.1M-4.0%
Total assets$831.9M-7.4%

Cash flow

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Operating cash flow$7.2M-76.9%
CapEx$13.5M+10.0%
Free cash flow-$6.2M-133%

Valuation

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Market cap$1.19B-26.9%
Enterprise value$2.1B-18.1%
P/E41.5×+20.7×
P/S0.6×-0.2×

Profitability

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Gross margin28.8%+0.3pp
Operating margin4.3%-2.9pp
Net margin1.4%-2.4pp
FCF margin1.8%

Returns & leverage

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Return on equity131.1%
Debt / equity33.6×
Current ratio0.8×0.0×

Where this comes from

Reported directly by Papa John's International in its filing.

Tagged under the XBRL concept us-gaap:ContractWithCustomerLiability.

The official record: Papa John's International’s 10-Q, filed May 7, 2026, on SEC EDGAR. View the filing →

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Questions, answered.

What is Papa John's International's customer loyalty program obligations — contract liabilities?
Papa John's International (PZZA) reported customer loyalty program obligations — contract liabilities of $3.18M in Q1 2026.
How has Papa John's International's customer loyalty program obligations — contract liabilities changed year-over-year?
Papa John's International's customer loyalty program obligations — contract liabilities decreased by 46.6% year-over-year, from $5.95M to $3.18M.
What is the long-term trend for Papa John's International's customer loyalty program obligations — contract liabilities?
Over 2 years (2023 to 2025), Papa John's International's customer loyalty program obligations — contract liabilities has grown at a -35.6% compound annual growth rate (CAGR), from $52.33M to $21.69M.
What does customer loyalty program obligations — contract liabilities mean?
This metric represents the deferred revenue liability arising from unredeemed points or rewards earned by customers through a loyalty program. It reflects the company's future performance obligation to provide goods or services to customers upon the redemption of these accumulated loyalty credits. Monitoring this balance provides insight into the scale of customer engagement and the potential future impact on revenue recognition as rewards are utilized.