棒约翰 2026年季度报告

Quarterly report pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934 For the quarterly period ended March29, 2026 OR Commission File Number: 0-21660 (Registrant’s telephone number, including area code) Securities registered pursuant to Section 12(b) of the Act: Indicate by check mark whether the Registrant (1) has filed all reports required to be filed by Section 13 or 15(d) of the Securities Exchange Act of1934 during the preceding 12 months (or for such shorter period that the Registrant was required to file such reports), and (2) has been subject to such filingrequirements for the past 90 days: YesNo Indicate by check mark whether the Registrant has submitted electronically every interactive Data File required to be submitted pursuant to Rule405 of Regulation S-T (Section 232.405 of this chapter) during the preceding 12 months (or for such shorter period that the Registrant was required to submitsuch files). YesNo Indicate by check mark whether the Registrant is a large accelerated filer, an accelerated filer, a non-accelerated filer, a smaller reporting companyor an emerging growth company. See the definitions of “large accelerated filer,” “accelerated filer,” “smaller reporting company” and “emerging growthcompany” in Rule 12b-2 of the Exchange Act. Large Accelerated FilerAccelerated filerNon-accelerated filerSmaller reporting companyEmerging growth company If an emerging growth company, indicate by check mark if the Registrant has elected not to use the extended transition period for complying withany new or revised financial accounting standards provided pursuant to Section 13(a) of the Exchange Act. Indicate by check mark whether the Registrant is a shell company (as defined in Rule 12b-2 of the Exchange Act). YesNo At May1, 2026, there were 32,902,014 shares of the Registrant’s common stock outstanding. PART I.FINANCIAL INFORMATIONItem 1.Financial StatementsCondensed Consolidated Balance Sheets — March 29, 2026 and December 28, 20251Condensed Consolidated Statements of Operations — Three months ended March 29, 2026 and March 28,20252Condensed Consolidated Statements of Comprehensive Income — Three months ended March 29, 2026and March 28, 20253Condensed Consolidated Statements of Stockholders’ Deficit — Three months ended March 29, 2026 andMarch 28, 20254Condensed Consolidated Statements of Cash Flows — Three months ended March 29, 2026 and March28, 20256Notes to Condensed Consolidated Financial Statements7Item 2.Management’s Discussion and Analysis of Financial Condition and Results of Operations23Item 3.Quantitative and Qualitative Disclosures About Market Risk38Item 4.Controls and Procedures39PART II.OTHER INFORMATIONItem 1.Legal Proceedings39Item 1A.Risk Factors39Item 2.Unregistered Sales of Equity Securities and Use of Proceeds39Item 5.Other Information40Item 6.Exhibits40 Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Balance Sheets Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Statements of Operations(Unaudited) Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Statements of Comprehensive Income(Unaudited) Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Statements of Stockholders’ Deficit(Unaudited) Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Statements of Stockholders’ Deficit (continued)(Unaudited) Net income to the Company for the three months ended March30, 2025 excludes $30 allocable to the redeemable noncontrolling interests for ourjoint venture arrangements.(a) At March30, 2025, the accumulated other comprehensive loss of $7,540 was comprised of net unrealized foreign currency translation loss of$7,486 and net unrealized loss on the interest rate swap agreements of $54.(b) See accompanying notes. Papa John’s International, Inc. and SubsidiariesCondensed Consolidated Statements of Cash Flows(Unaudited) Papa John’s International, Inc. and Subsidiaries Notes to Condensed Consolidated Financial Statements (Unaudited) March29, 2026 1. Basis of Presentation The accompanying unaudited Condensed Consolidated Financial Statements have been prepared in accordance with accountingprinciples generally accepted in the United States (“GAAP” or “U.S. GAAP”) for interim financial information and with theinstructions to Form 10-Q and Article 10 of Regulation S-X. Accordingly, they do not include all of the information and footnotesrequired by GAAP for complete annual financial statements. In the opinion of management, all adjustments, consisting of normalrecurring accruals, considered necessary for a fair presentation have been included. Operating results for the three months endedMarch29, 2026 are not necessarily indicative of the results that may be expected for the fiscal year ending December27, 2026. Forfurther information, refer to the Consolidated Financial Statements and footnotes thereto included in the Annual Report on