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Papa John's International PZZA North America Franchising — COS - Product Costs

Other segment segments

North America Commissaries
$172.87M-9.3%
Domestic Company-Owned Restaurants
$43.84M-17.6%
International
$12.95M-0.9%

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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:CostDirectMaterial.

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
Intersegment revenues23144,80845,039
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

Item 1. Financial Statements

FAQ

What is Papa John's International's north america franchising — COS - product costs?
Papa John's International (PZZA) reported north america franchising — COS - product costs of $0 in Q2 2026.
What does north america franchising — COS - product costs mean?
This metric captures the direct costs associated with the products sold or supplied to franchisees within the North American segment. It reflects the expenses incurred in sourcing, manufacturing, or distributing food and packaging items essential for franchise operations. Monitoring this helps assess supply chain efficiency and the impact of commodity price fluctuations on segment margins.

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