Papa Johns

Q2 FY2026 EarningsQ2 FY26 results were mixed, with revenue of $482.4M slightly beating the $481.6M consensus, while GAAP EPS of $0.24 significantly missed the $0.44 mean estimate. The performance was marred by an 8.3% decline in North America comparable sales due to a softer consumer environment, although International comparable sales rose 1.5%. Critically, management slashed FY26 Adjusted EBITDA guidance to $180M–$190M (from $200M–$210M) and suspended the quarterly dividend to fund a transformation strategy, signaling prolonged structural headwinds.