Papa John's — Third Quarter 2026 Earnings Summary

Papa John's reported third-quarter 2026 net income of $3 million and adjusted EBITDA of $38 million, both declining from the prior year period. Global system-wide restaurant sales fell 5.6% to $1.15 billion, driven by an 8.3% decrease in North America comparable sales and a 1.8% drop in International comparable sales. The company updated its full-year 2026 outlook, lowering the projected global system-wide sales decline to approximately 5% and adjusted EBITDA to roughly $175 million. To address these challenges, Papa John's introduced the 'Unbox Better' strategy, which focuses on brand strengthening and increased local marketing investment by franchisees.