Please ensure Javascript is enabled for purposes of website accessibility

Papa John’s Reports Sales Record for Second Straight Month

By Rich Duprey – May 27, 2020 at 8:54AM

You’re reading a free article with opinions that may differ from The Motley Fool’s Premium Investing Services. Become a Motley Fool member today to get instant access to our top analyst recommendations, in-depth research, investing resources, and more. Learn More

Innovation has kept customers coming back for more.

Because the COVID-19 pandemic limited restaurant business to carryout and delivery, we knew those companies that specialized in those forms of service would benefit. Papa John's International (PZZA 4.91%) showed just what that meant to its business.

The global pizza chain announced for the second straight month that it had notched its best sales growth ever, recording 33% increases in comparable store sales. That comes on top of its previous record of 27% set just last month.

Man making pizza delivery

Image source: Getty Images.

Coming back for more

Papa John's president and CEO Rob Lynch said the pizza joint already had a tailwind behind it before the coronavirus outbreak, but the nationwide lockdown orders accelerated its growth as it innovated to meet the challenges of the crisis.

"The success of 'No Contact Delivery' and new products like Papadias -- both examples of a new culture of innovation at Papa John's -- continue to drive results," Lynch said in a statement.

Comps surged 35.1% at franchised stores in North America for the period between April 27 and May 24, up from 28.4% between March 30 and April 26. Similarly, comps at company-owned stores were up 28.3% and 22%, respectively.

Papa John's saw a massive increase in international sales as well, with comps up 7% in the current period compared to a 1% increase one month ago.

Almost all of the pizzeria's North American stores have remained open during the pandemic while just 320 of Papa John's 2,100 international locations were closed. Some of those stores that remained open abroad, mostly in the U.K., were only permitted to offer consumers delivery service.


Rich Duprey has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.

Invest Smarter with The Motley Fool

Join Over 1 Million Premium Members Receiving…

  • New Stock Picks Each Month
  • Detailed Analysis of Companies
  • Model Portfolios
  • Live Streaming During Market Hours
  • And Much More
Get Started Now

Stocks Mentioned

Papa John's International, Inc. Stock Quote
Papa John's International, Inc.
$73.45 (4.91%) $3.44

*Average returns of all recommendations since inception. Cost basis and return based on previous market day close.

Related Articles

Motley Fool Returns

Motley Fool Stock Advisor

Market-beating stocks from our award-winning analyst team.

Stock Advisor Returns
S&P 500 Returns

Calculated by average return of all stock recommendations since inception of the Stock Advisor service in February of 2002. Returns as of 10/04/2022.

Discounted offers are only available to new members. Stock Advisor list price is $199 per year.

Premium Investing Services

Invest better with The Motley Fool. Get stock recommendations, portfolio guidance, and more from The Motley Fool's premium services.