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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$482.4M-8.8%
Gross profit$143.4M-8.9%
Operating income$23.2M-5.3%
Net income$8.5M-10.5%
EPS (diluted)$0.24-14.3%

Balance sheet

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Cash & equivalents$28.5M-14.4%
Total debt$935.5M-3.2%
Total equity-$453.1M-4.9%
Total assets$805.0M-9.6%

Cash flow

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Operating cash flow$28.6M-19.4%
CapEx$12.9M-28.6%
Free cash flow$15.7M-9.9%

Valuation

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Market cap$811.19M-44.3%
Enterprise value$1.72B-28.0%
P/E29.4×+10.1×
P/S0.4×-0.3×

Profitability

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Gross margin28.7%0.0pp
Operating margin4.3%-2.6pp
Net margin1.4%-2.2pp
FCF margin1.7%

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 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
(In thousands)June 28, 2026December 28, 2025Change
Unearned franchise fees and royalties$18,292$19,678$(1,386)
Unredeemed gift card liabilities6,4477,742(1,295)
Customer loyalty program obligations1,6814,970(3,289)
Total contract liabilities$26,420$32,390$(5,970)

Item 1. Financial Statements

FAQ

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 $1.68M in Q2 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 70.5% year-over-year, from $5.71M to $1.68M.
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.

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