Papa John's sets results date and targets Papa John's stock at USD 32

Published on 10/05/2026 at 07:04 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Q2 revenue reached USD 482.40 million, down 8.80 percent year over year. Analysts see a USD 32.00 target for Papa John's stock ahead of November 5 results.

PZZA, US6988131024, Illustration mit AI erstellt.

Inside-Filings lists Papa John's International, Inc. (ISIN US6988131024) under ticker PZZA on Nasdaq, while Papa John's has set November 5, 2026 for its third-quarter 2026 results. MarketBeat reports a USD 32.00 consensus price target and a Reduce consensus rating for Papa John's stock.

Results date brings a clear test

The November 5 release will give investors the next operating check on the turnaround after a difficult second quarter. Papa John's reported revenue of USD 482.40 million in the second quarter of 2026, down 8.80 percent from the same quarter a year earlier, according to MarketBeat on September 25, 2026.

The same report said Papa John's delivered earnings per share of USD 0.46 against a USD 0.45 consensus estimate, while the prior-year quarter produced USD 0.41. That combination matters because the modest earnings beat did not offset the revenue contraction in the stock's broader valuation debate.

Guidance stays tied to the turnaround

At the Piper Sandler Growth Frontiers Conference on September 16, 2026, management kept fiscal 2026 adjusted EBITDA guidance at USD 180 million to USD 190 million, including USD 35 million of corporate support spending, Investing.com reported. The company also described a 400 basis point performance gap between its top and bottom operator groups.

Investing.com reported that Papa John's expects franchise re-trade negotiations to finish by the end of 2026, with broader cooperative marketing participation targeted for 2027. The report also cited a Walmart Express Delivery partnership and a 200 basis point sales advantage in markets with funded co-ops, giving the November results a specific operational benchmark.

Valuation remains below prior levels

Papa John's market capitalization stood at USD 639.3 million as of October 2, 2026. Its 52-week range was USD 19.31 to USD 55.74 on the same date, placing the company close to the bottom of its annual trading band and leaving the USD 32.00 consensus target well above the latest primary-market quote.

For investors, the November report will put three figures under scrutiny: revenue against the USD 482.40 million second-quarter base, adjusted EBITDA against the USD 180 million to USD 190 million outlook, and the execution gap across franchise operators. The scheduled release date and the consensus target provide the near-term framework, while the reported revenue decline remains the central operating counterweight.

Market value and upcoming results

Papa John's market capitalization was USD 639.3 million on October 2, 2026, with a USD 19.31 to USD 55.74 52-week range. The company's next earnings date is November 5, 2026, at 8:00 a.m. EDT, according to its investor-relations calendar.