Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants. The company, in certain international markets, operates and franchises dine-in and delivery restaurants under the trademark ‘Papa John’s’. As of December 28, 2014, there were 4,663 Papa John’s restaurants in operation, consisting of 735 company-owned and 3,928 franchised restaurants operating domestically in all 50 states and in 36 countries and territories. The company-owned restaurants include 200 restaurants operated under four joint venture arrangements and 49 units in Beijing and North China. Segments The company operates in five segments: Domestic Company-Owned Restaurants, Domestic Commissaries (Quality Control Centers), North America Franchising, International Operations, and All Other. Domestic Company-Owned Restaurant This segment consists of the operations of all Domestic (domestic is defined as contiguous United States) Company-Owned Restaurants and derives its revenues principally from retail sales of pizza and side items, including breadsticks, cheesesticks, chicken poppers and wings, dessert items and canned or bottled beverages. Domestic Commissaries (Quality Control Centers) This segment consists of the operations of the company’s regional dough production and product distribution centers and derives its revenues principally from the sale and distribution of food and paper products to Domestic Company-owned and franchised restaurants. North America Franchising This segment consists of the company’s franchise sales and support activities and derives its revenues from sales of franchise and development rights and collection of royalties from its franchisees located in the United States and Canada. International Operations This segment principally consists of Company-Owned Restaurants in China and distribution sales to franchised Papa John’s restaurants located in the United Kingdom, Mexico and China and the company’s franchise sales and support activities, which derive revenues from sales of franchise and development rights and the collection of royalties from its international franchisees. International franchisees are defined as all franchise operations outside of the United States and Canada. Strategy The key elements of the company’s strategy include high-quality menu offerings; efficient operating system; commitment to team member training and development; and national advertising via television, print, direct mail, digital, mobile marketing and social media channels. The company’s strategy for global unit growth focuses on its strong unit economics model. Trademarks, Copyrights and Domain Names The company’s intellectual property rights are a significant part of its business. It has registered and continues to maintain federal registrations through the United States Patent and Trademark Office (the USPTO) for the marks PAPA JOHN’S, PIZZA PAPA JOHN’S & Design (logo), BETTER INGREDIENTS. BETTER PIZZA., PIZZA PAPA JOHN’S BETTER INGREDIENTS. BETTER PIZZA. & Design, and PAPA REWARDS. The company also owns federal registrations through the USPTO for various ancillary marks, principally advertising slogans. It has registrations for and/or has applied for PIZZA PAPA JOHN’S & Design in approximately 100 foreign countries and the European Community, in addition to international registrations for PAPA JOHN’S and PIZZA PAPA JOHN’S BETTER INGREDIENTS. BETTER PIZZA. & Design in various foreign countries. Regulations The company’s QC Centers are licensed and subject to regulation by state and local health and fire codes, and the operation of its trucks is subject to federal and state transportation regulations. The company is subject to Federal Trade Commission regulation and various state laws regulating the offer and sale of franchises. History Papa John’s International, Inc. was founded in 1985.
papa john's intl inc
(PP1:Munich Stock Exchange)
2002 Papa Johns Boulevard
Louisville, KY 40299
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