Papa John's Q3 2026 Earnings: Revenue and EPS Both Miss as Sales Slide

As seen on the 24/7 Wall St. homepage on November 5, 2026.

Adjusted EPS of $0.16 is half of last year's, and with revenue and EBITDA both missing expectations, management's full-year call for system-wide sales down about 5% leaves no second-half recovery to wait for.

PAPA JOHN'S $PZZA Q3โ€™26 EARNINGS HIGHLIGHTS ๐Ÿ”น Revenue: $454.8M (Est. $459M) ๐Ÿ”ด; -10.5% YoY ๐Ÿ”น Adj. EPS: $0.16 (Est. $0.17) ๐Ÿ”ด; -50% YoY ๐Ÿ”น Global System-Wide Sales: $1.15B; -5.6% YoY ๐Ÿ”น Adjusted EBITDA: $38.1M; -20% YoY FY26 Guide: ๐Ÿ”น Global System-Wide Sales: Down ~5% ๐Ÿ”น https://t.co/49cwGGucrE
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Papa John's third-quarter results missed expectations across the board, with revenue of $454.8 million falling short of the $459 million estimate.

Adjusted EPS fell 50% from the same quarter a year ago, with adjusted EBITDA and global system-wide sales both contracting as well.

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Management's full-year 2026 guidance offers little comfort. The company is calling for global system-wide sales to decline roughly 5%, which means there is no second-half recovery built into the official outlook.

For investors, the guidance is the key data point to sit with. When a company guides for continued top-line contraction after a quarter where earnings were cut in half year over year, the question is no longer about a temporary rough patch.

Mentioned: PZZA