FoodBud
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RankingsInsightsMixue SeriesArchiveMethodologyDataSearch中文
FoodBud

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Company card

Papa Johns

Medium
Brand

Nasdaq PZZA · US

Listing status
listed
Operating model
Mixed direct + franchise
Scale basis
GMV / system sales
Confidence
Medium
Segment
pizza qsr

This row is now useful for footprint and model comparison, but it still needs a separate global system-sales source if ranking terminal GMV.

Scale basis note

Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.

Compare this operator
Every number has a source row

Metrics below keep source tier, quality, period, and source link visible at the metric level.

Source tiers
S1Official primary — filings, annual reports, prospectuses
S2Official secondary — IR decks, transcripts
S3Supplementary — vetted media, databases
S0Not usable — flagged, never published

Source tiers — S1 official primary · S2 official secondary · S3 supplementary · S0 not usable. Open “Provenance” on any number for its tier, basis, precision, and do-not-use note.

GMV is not revenue

GMV/system sales, revenue, and royalty pool sales are separate scale bases. Screening proxies are directional only.

MetricValuePeriod / basisQualitySource
Stores
Reported restaurant, coffee shop, tea shop, bakery, or comparable chain units.
6,083 stores
FY2025 (ended December 28, 2025): As of December 28, 2025, there were 6,083 Papa Johns restaurants operating in 50 countries and territories
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · As of December 28, 2025, there were 6,083 Papa Johns restaurants operating in 50 countries and territories
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Scale
Terminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
$4.92B
FY2025 (ended December 28, 2025): 4920000000 USD. (A2 stale-FX/FY refresh, Cowork-approved; basis unchanged).
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Latest disclosed FY2025 (ended December 28, 2025): Global system-wide restaurant sales were $4.92 billion, a 1%(a) increase compared with the prior year.
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: GMV / system sales
Precision: Source-backed
Scale per store
Screening proxy: scale divided by store count. It is not audited AUV or unit profit.
$808,811
Screening proxy
Derived scale_per_store = scale_usd ÷ store_count (6083) at gmv_or_system_sales_usd basis (FY2025 (ended December 28, 2025)); not a separately reported metric.
GMV / system salesTerminal transaction scale across the network. Useful for franchise reach, not the same as listed-company revenue.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: GMV / system sales
Precision: Derived
Profit signal
Profit signal from the source period. Read with local accounting and segment mix in mind.
$30.53M
FY2025 (ended December 28, 2025): Net income attributable to the Company $ 7,071 $ 14,799 $ 30,531 $ 83,486
Profit-positiveScale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S2 official secondary (opens in new tab)
Press Or Ir · Net income attributable to the Company $ 7,071 $ 14,799 $ 30,531 $ 83,486
Provenance
Tier: S2 official secondary
Source: Press Or Ir
Basis: Profit-positive
Revenue
Source-backed operating metric from the locked research snapshot.
$2.05B
USD 2.05B revenue (RevenueFromContractWithCustomerExcludingAssessedTax)
Revenue proxyRecognized company revenue. Useful for accounting scale, but not directly comparable with GMV/system sales.
Source-backed
S1 official primary (opens in new tab)
Operator Metric Source · Source used for operator metric extraction.
Provenance
Tier: S1 official primary
Source: Operator Metric Source
Basis: Revenue proxy
Precision: Source-backed

Market data (listed companies)

Market valuation · fluctuates · not operational scale · do not compare with GMV / system sales. Listed companies only.

MetricValuePeriod / basisQualitySource
Market cap
Public market capitalization captured in the locked source snapshot.
$1.1B
May 22, 2026: As of May 22, 2026, the market capitalization of Papa John is 1.099B
Market cap (USD)Scale basis not specified. Use as a screening signal until a source pack is attached.
Source-backed
S3 supplementary (opens in new tab)
Media Or Aggregator · As of May 22, 2026, the market capitalization of Papa John is 1.099B
Provenance
Tier: S3 supplementary
Source: Media Or Aggregator
Basis: Market cap (USD)
Precision: Market snapshot · not operational scale
⚠ Do not use for: Market valuation · not operational scale · never compare with GMV/system sales

Operator profile

13/21 source-backed

Classification, firmographics, ownership and operating dimensions — source-backed where disclosed, marked as a gap (never inferred) where not.

Format & positioning
Cuisine (primary)
pizzaS3 supplementary (opens in new tab)
Cuisine (secondary)
not disclosed
Service model
QSRtier3_reference (opens in new tab)
Price tier
valuetertiary (opens in new tab)
Company
Founded
1,984secondary (opens in new tab)
HQ country
United Statessecondary (opens in new tab)
CEO
Todd Penegorprimary (opens in new tab)
Employees
9,400secondary (opens in new tab)~
Ownership
Parent
Independent / public-standalone (Papa John's International; Nasdaq:PZZA). ~96% institutional, no controlling shareholdernews/aggregator (opens in new tab)
PE / holding
Starboard Value (activist) invested via convertible preferred 2019, peaked ~9.5%; largely repurchased/converted — now ~2%, no longer significantcompany/news (opens in new tab)~
Recent M&A
not disclosed
Growth
System sales YoY
1%S1 official primary (opens in new tab)
Revenue YoY
0%S1 official primary (opens in new tab)
Net new units
53 unitsS1 official primary (opens in new tab)
Pricing & digital
Avg check
not disclosed
Digital sales
70%primary (opens in new tab)
Off-premise
not disclosed
Loyalty members
not disclosed
Franchise terms
Royalty
5%FDD_summary (opens in new tab)
Franchise fee
$25,000FDD_summary (opens in new tab)
By-market footprint
Azerbaijan
19 storesS1 official primary (opens in new tab)
Bahrain
22 storesS1 official primary (opens in new tab)
Bolivia
5 storesS1 official primary (opens in new tab)
Bulgaria
6 storesS1 official primary (opens in new tab)
Canada
229 storesS1 official primary (opens in new tab)
Chile
169 storesS1 official primary (opens in new tab)
China
266 storesS1 official primary (opens in new tab)
Colombia
65 storesS1 official primary (opens in new tab)
Costa Rica
65 storesS1 official primary (opens in new tab)
Cyprus
15 storesS1 official primary (opens in new tab)
DR Congo
4 storesS1 official primary (opens in new tab)
Dominican Republic
25 storesS1 official primary (opens in new tab)
Ecuador
30 storesS1 official primary (opens in new tab)
Egypt
79 storesS1 official primary (opens in new tab)
El Salvador
48 storesS1 official primary (opens in new tab)
Germany
22 storesS1 official primary (opens in new tab)
Guam
2 storesS1 official primary (opens in new tab)
Guatemala
38 storesS1 official primary (opens in new tab)
Guyana
4 storesS1 official primary (opens in new tab)
Honduras
18 storesS1 official primary (opens in new tab)
India
6 storesS1 official primary (opens in new tab)
Ireland
92 storesS1 official primary (opens in new tab)
Israel
42 storesS1 official primary (opens in new tab)
Jordan
6 storesS1 official primary (opens in new tab)
Kazakhstan
13 storesS1 official primary (opens in new tab)
Kenya
10 storesS1 official primary (opens in new tab)
Kuwait
46 storesS1 official primary (opens in new tab)
Mexico
46 storesS1 official primary (opens in new tab)
Morocco
10 storesS1 official primary (opens in new tab)
Netherlands
11 storesS1 official primary (opens in new tab)
Nicaragua
4 storesS1 official primary (opens in new tab)
Oman
29 storesS1 official primary (opens in new tab)
Pakistan
30 storesS1 official primary (opens in new tab)
Panama
37 storesS1 official primary (opens in new tab)
Peru
78 storesS1 official primary (opens in new tab)
Poland
17 storesS1 official primary (opens in new tab)
Portugal
7 storesS1 official primary (opens in new tab)
Puerto Rico
25 storesS1 official primary (opens in new tab)
Qatar
58 storesS1 official primary (opens in new tab)
Saudi Arabia
61 storesS1 official primary (opens in new tab)
South Korea
278 storesS1 official primary (opens in new tab)
Spain
97 storesS1 official primary (opens in new tab)
Trinidad
10 storesS1 official primary (opens in new tab)
Tunisia
13 storesS1 official primary (opens in new tab)
Turkey
54 storesS1 official primary (opens in new tab)
US - Alabama
84 storesS1 official primary (opens in new tab)
US - Alaska
9 storesS1 official primary (opens in new tab)
US - Arizona
64 storesS1 official primary (opens in new tab)
US - Arkansas
27 storesS1 official primary (opens in new tab)
US - California
168 storesS1 official primary (opens in new tab)
US - Colorado
50 storesS1 official primary (opens in new tab)
US - Connecticut
6 storesS1 official primary (opens in new tab)
US - Delaware
15 storesS1 official primary (opens in new tab)
US - District of Columbia
9 storesS1 official primary (opens in new tab)
US - Florida
317 storesS1 official primary (opens in new tab)
US - Georgia
204 storesS1 official primary (opens in new tab)
US - Hawaii
16 storesS1 official primary (opens in new tab)
US - Idaho
13 storesS1 official primary (opens in new tab)
US - Illinois
88 storesS1 official primary (opens in new tab)
US - Indiana
141 storesS1 official primary (opens in new tab)
US - Iowa
25 storesS1 official primary (opens in new tab)
US - Kansas
37 storesS1 official primary (opens in new tab)
US - Kentucky
111 storesS1 official primary (opens in new tab)
US - Louisiana
54 storesS1 official primary (opens in new tab)
US - Maine
4 storesS1 official primary (opens in new tab)
US - Maryland
99 storesS1 official primary (opens in new tab)
US - Massachusetts
10 storesS1 official primary (opens in new tab)
US - Michigan
34 storesS1 official primary (opens in new tab)
US - Minnesota
40 storesS1 official primary (opens in new tab)
US - Mississippi
34 storesS1 official primary (opens in new tab)
US - Missouri
71 storesS1 official primary (opens in new tab)
US - Montana
9 storesS1 official primary (opens in new tab)
US - Nebraska
14 storesS1 official primary (opens in new tab)
US - Nevada
26 storesS1 official primary (opens in new tab)
US - New Hampshire
3 storesS1 official primary (opens in new tab)
US - New Jersey
60 storesS1 official primary (opens in new tab)
US - New Mexico
15 storesS1 official primary (opens in new tab)
US - New York
95 storesS1 official primary (opens in new tab)
US - North Carolina
189 storesS1 official primary (opens in new tab)
US - North Dakota
10 storesS1 official primary (opens in new tab)
US - Ohio
173 storesS1 official primary (opens in new tab)
US - Oklahoma
38 storesS1 official primary (opens in new tab)
US - Oregon
15 storesS1 official primary (opens in new tab)
US - Pennsylvania
105 storesS1 official primary (opens in new tab)
US - Rhode Island
3 storesS1 official primary (opens in new tab)
US - South Carolina
75 storesS1 official primary (opens in new tab)
US - South Dakota
11 storesS1 official primary (opens in new tab)
US - Tennessee
119 storesS1 official primary (opens in new tab)
US - Texas
300 storesS1 official primary (opens in new tab)
US - Utah
31 storesS1 official primary (opens in new tab)
US - Virginia
149 storesS1 official primary (opens in new tab)
US - Washington
47 storesS1 official primary (opens in new tab)
US - West Virginia
24 storesS1 official primary (opens in new tab)
US - Wisconsin
41 storesS1 official primary (opens in new tab)
US - Wyoming
12 storesS1 official primary (opens in new tab)
United Arab Emirates
92 storesS1 official primary (opens in new tab)
United Kingdom
451 storesS1 official primary (opens in new tab)
Uzbekistan
21 storesS1 official primary (opens in new tab)
Venezuela
14 storesS1 official primary (opens in new tab)

Store counts by market/region — footprint context, not a same-basis comparison.

Disclosed store model

disclosed11/11 source-backed

Company-operated vs franchised footprint, AUV and store-level economics — taken verbatim from each operator's own filing, never inferred. A separate axis from company scale and single-store economics.

Total stores
6,083 stores
FY2025, as of December 28, 2025
Source-backedS1 official primary (opens in new tab)
Company-operated
475 stores
FY2025, as of December 28, 2025
Source-backedS1 official primary (opens in new tab)
Company-operated
462 stores
FY2025, North America Company-owned, end of period December 28, 2025
Source-backedS1 official primary (opens in new tab)
Company-operated
13 stores
FY2025, International Company-owned, end of period December 28, 2025
Source-backedS1 official primary (opens in new tab)
Franchised
5,608 stores
FY2025, as of December 28, 2025
Source-backedS1 official primary (opens in new tab)
Franchised
3,061 stores
FY2025, North America franchised, end of period December 28, 2025
Source-backedS1 official primary (opens in new tab)
Franchised
2,547 stores
FY2025, International franchised, end of period December 28, 2025
Source-backedS1 official primary (opens in new tab)
AUV — average unit volume
1.3 USD
FY2025, Domestic Company-owned comparable base (428 restaurants), in millions
Source-backedS1 official primary (opens in new tab)
AUV — average unit volume
1.1 USD
FY2025, North American franchised comparable base (2,664 restaurants), in millions
Source-backedS1 official primary (opens in new tab)
New units opened
279 stores
FY2025 (year ended December 28, 2025) — restaurants opened
Source-backedS1 official primary (opens in new tab)
Net refranchised
85 stores
FY2025 (refranchising completed November 24, 2025)
Source-backedS1 official primary (opens in new tab)

Single-store model

5/8 source-backed

Unit economics are a separate axis from company-level scale — never read as the same number. Each field keeps its source, period, and quality; derived/estimated rows and gaps are marked.

AUV / unit sales
Derived; not disclosed AUV.
Derived: gmv_or_system_sales_usd 4,895,657,000/6,083=~USD804,810/store.
FY2024_or_latest_L1
EstimatedNeeds source
Single-store profit
GAP — not fabricated.
—
GapSource (opens in new tab)
Initial investment
Secondary relay (FDD/10-K/release); confirm vs primary.
Investment $272,915-$989,415 (standard).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Franchise fee / royalty
Secondary relay (FDD/10-K/release); confirm vs primary.
Royalty 5% of net sales.
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Payback period
GAP — not fabricated.
—
GapSource (opens in new tab)
Same-store sales
Secondary relay (FDD/10-K/release); confirm vs primary.
NA franchised comp -4% / company-owned -5% (FY2024).
2024_or_latest
Source-backedS2 official secondary (opens in new tab)
Store open / close
GAP — not fabricated.
—
GapSource (opens in new tab)
Company-operated share
Secondary relay (FDD/10-K/release); confirm vs primary.
~96% franchised.
2024_or_latest
Source-backedS2 official secondary (opens in new tab)

Cost structure

3/6 source-backed

Where each revenue dollar goes, latest disclosed year. Slices use each operator's reported base — % of revenue unless the row notes otherwise (% of GMV, restaurant-level, franchise goods-supply COGS). Grey = not separately disclosed. This is a separate axis from company scale and single-store economics.

Food / COGS30%
FY2024S1 official primary (opens in new tab)Source-backed
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Labor32.5%
FY2024S1 official primary (opens in new tab)Source-backed
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Rent / occupancy—
FY2024Gap
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Delivery commission—
FY2024Gap
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Marketing—
FY2024Gap
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Operating margin12.3%
FY2024· restaurant_level (4-wall EBITDA)S1 official primary (opens in new tab)Source-backed
~87% franchised. Domestic co-owned: food 30.0/labor 32.5/COS-other 25.6 -> 4-wall EBITDA 12.3%. Group op margin 7.6%.
Not separately disclosed25.2%

Supply chain

3 suppliers · 1 with S1 filing

Who supplies this brand — reverse-extracted from each supplier's own filing (top-customer / related-party disclosure). The % is the supplier's revenue share from this brand (supplier-side, not procurement spend), unless a note says otherwise. Each edge keeps its period, source tier, and audit link; named relationships without a disclosed % are shown as such.

Leprino Foods Dairy Products Company
Ingredients
discloses as: Papa Johns
—named (no % disclosed)S1 filingsource (opens in new tab)
Smurfit WestrockSW
Packaging
discloses as: Papa Johns
—named (no % disclosed)S3 newssource (opens in new tab)
Google Cloud (Alphabet Inc.)GOOGL
Tech / SaaS
discloses as: Papa Johns
—named (no % disclosed)S3 newssource (opens in new tab)

Peers in this segment

Domino's PizzaGMV / system salesDomino's Pizza Enterprises LimitedGMV / system salesDomino's Pizza Group plcGMV / system salesPizza Pizza Royalty Corp.GMV / system salesRave Restaurant GroupGMV / system sales

Same segment — each operator keeps its own scale basis; this is navigation, not a like-for-like comparison.