Financing

Papa John’s same-store sales rose 24% last quarter

The pizza chain’s same-store sales rose 18% in September, the sixth straight month the key figure was in the double digits.
Photograph: Shutterstock

Papa John’s same-store sales continued to grow at a brisk pace through September as consumers ordered a lot of pizza delivery even as they ate out more often at other restaurants.

The Louisville, Ky.-based pizza chain’s same-store sales rose 23.8% in North America in the quarter ended Sept. 27, according to preliminary results released on Tuesday. The key metric slowed modestly in September to a still strong 18.4%.

That’s the sixth straight month of double-digit same-store sales for Papa John’s, which has benefited from a consumer that has shifted much of its dining to options perceived to be safer during a quarantine, including pizza delivery.

But Papa John’s is also benefiting from its own turnaround, thanks to a new sandwich product in Papadias and marketing campaigns featuring Shaquille O’Neal, a board member for the chain and a franchisee.

“We remain confident that our innovation pipeline, marketing and technology platform and strong operations will continue to support strong results during and after the pandemic,” CEO Rob Lynch said in a statement.

Same-store sales rose 20.6% in international locations in Papa John’s fiscal third quarter, the company said. Papa John’s said that all but 90 of its 2,100 international stores are open, with the closures primarily in Latin America and Europe. Almost all of its more than 3,100 U.S. locations are open.

Members help make our journalism possible. Become a Restaurant Business member today and unlock exclusive benefits, including unlimited access to all of our content. Sign up here.

Multimedia

Exclusive Content

Financing

Despite their complaints, customers keep flocking to Chipotle

The Bottom Line: The chain continued to be a juggernaut last quarter, with strong sales and traffic growth, despite frequent social media complaints about shrinkflation or other challenges.

Operations

Hitting resistance elsewhere, ghost kitchens and virtual concepts find a happy home in family dining

Reality Check: Old-guard chains are finding the alternative operations to be persistently effective side hustles.

Financing

The Tijuana Flats bankruptcy highlights the dangers of menu miscues

The Bottom Line: The fast-casual chain’s problems following new menu debuts in 2021 and 2022 show that adding new items isn’t always the right idea.

Trending

More from our partners