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Papa John's International PZZA North America Commissaries — Cost, Direct Labor

Other segment segments

Domestic Company-Owned Restaurants
$45.75M-20.0%
International
$2.24M+14.0%
North America Franchising
$0

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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$805.59M-44.3%
Enterprise value$1.71B-28.0%
P/E29.2×+10.0×
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:CostDirectLabor.

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)Domestic Company-Owned RestaurantsNorth America FranchisingNorth America CommissariesInternationalTotal
Segment revenue$138,936$33,268$255,829$45,040$473,073
Less segment expenses (a):
COS - Product Costs$43,840$172,865$12,953$229,658
COS - Salaries & Benefits45,74831,4732,23879,459
COS - Other (b,c)33,74720,1818,64562,573
General & Administrative8,9669,5288,9768,50935,979
Other Segment Expenses (d)5,3245,324
Segment adjusted EBITDA$6,635$23,740$22,334$7,371$60,080

Item 1. Financial Statements

FAQ

What is Papa John's International's north america commissaries — cost, direct labor?
Papa John's International (PZZA) reported north america commissaries — cost, direct labor of $31.47M in Q2 2026.
How has Papa John's International's north america commissaries — cost, direct labor changed year-over-year?
Papa John's International's north america commissaries — cost, direct labor increased by 4.7% year-over-year, from $30.06M to $31.47M.
What is the long-term trend for Papa John's International's north america commissaries — cost, direct labor?
Over 3 years (2022 to 2025), Papa John's International's north america commissaries — cost, direct labor has grown at a 2.3% compound annual growth rate (CAGR), from $113.36M to $121.47M.
What does north america commissaries — cost, direct labor mean?
This metric tracks the direct labor expenses incurred within the commissary and distribution facilities to process and deliver goods. It reflects the operational efficiency of the supply chain workforce and the impact of wage inflation on distribution costs. High labor costs relative to revenue may signal a need for process automation or improved staffing models.

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