Papa John’s FY26 Q2 diluted EPS drops 14.29% to $0.24; revenue falls 8.8% to $482.4 million
PZZA•Second-quarter results
Papa John’s Q2 ended June 28, 2026 net income fell to $8.7 million; diluted EPS slipped to $0.24.
Revenue dropped 8.8% to $482.4 million; global system-wide restaurant sales decreased 4.8% to $1.2 billion.
Dividend and 2026 outlook
Dividend will be suspended starting Q3 2026; 2026 outlook cut to system-wide sales down 2%-4% and adjusted EBITDA (non-GAAP) at $180-$190 million.
Comparable sales and profitability
North America comparable sales declined 8.3%, while international comparable sales rose 1.5%.
Adjusted EBITDA (non-GAAP) was flat at $52.7 million; adjusted diluted EPS (non-GAAP) increased to $0.46.
