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Papa Johns has reported flat total revenues of $2.1bn (£1.56bn) for the year ended 28 December 2025, as global group-wide restaurant sales inched up 1% to $4.92bn (£3.65bn) driven by a 5% rise in international comparable sales.
The takeaway pizza chain’s international segment saw group-wide sales increase 8% to $1.3bn (£960m) for the full year. This growth follows a period of restructuring in the UK market during 2024, which involved restaurant closures and refranchising transactions.
While fourth quarter results showed continued international momentum with a 6% increase in comparable sales, global group-wide sales for the period fell 1% to $1.23bn (£910m), as a 5% decline in North America offset the 8% growth seen in international markets.
Net income for the year fell to $32m (£23.7m), down from $84m (£62.3m) in 2024. This decrease was attributed to $21m (£15.5m) in incremental marketing investments and $18.4m (£13.6m) in accelerated depreciation. The prior year also included a $41.3m (£30.6m) gain from property sales.
That said, Papa Johns expects operational efficiency initiatives to deliver $25m (£18.5m) in corporate cost savings by 2027. The company also identified $60m (£44.5m) in supply chain savings intended to improve restaurant-level profitability across North America by 2028.
Todd Penegor, chief executive of Papa Johns, said: “In the fourth quarter, solid execution drove the company’s fifth consecutive quarter of positive comparable sales in our International markets, while North America results reflected a weak consumer backdrop and elevated promotional environment.
“We are encouraged by the progress we are making in our transformation as we further reinforce our brand health, sharpen our value proposition, build our innovation pipeline and enhance the customer experience.”
He added: “Our strong balance sheet is supporting investment in these initiatives, which we believe will deliver high returns. We look forward with confidence in our ability to generate sustainable, profitable growth, and value creation.”
