Papa John's International, Inc. (NASDAQ:PZZA) Q1 2023 Earnings Conference Call May 3, 2023 8:00 AM ET
Company Participants
Stacy Frole - VP, IR
Rob Lynch - President & CEO
Chris Collins - Interim Principal Financial and Accounting Officer
Conference Call Participants
Sarah Senatore - Bank of America
Joshua Long - Stephens
Chris O'Cull - Stifel
Alexander Slagle - Jefferies
Eric Gonzalez - KeyBanc
Lauren Silberman - Credit Suisse
Peter Saleh - BTIG
Dennis Geiger - UBS
Andrew Strelzik - BMO Capital Markets
Todd Brooks - Benchmark Company
Nick Setyan - Wedbush
Operator
Good day and thank you for standing by. Welcome to the Papa John's First Quarter 2023 Conference Call and Webcast. After the speakers' presentation there will be a question-and-answer session. [Operator Instructions] Be advised that today's conference is being recorded.
I would now like to hand the conference over to Stacy Frole, Vice President of Investor Relations. Please go ahead.
Stacy Frole
Good morning, and welcome to our first quarter earnings conference call. This morning, we issued our 2023 first quarter earnings release. A copy of the release can be obtained on our Investor Relations website at ir.papajohns.com under the News Releases tab or by contacting our Investor Relations department at investor_relations@papajohns.com.
On the call this morning are Rob Lynch, our President and CEO and Chris Collins, our Interim Principal Financial and Accounting Officer. Before we begin, I need to remind you that comments made during this call will include forward-looking statement within the meaning of the federal securities laws.
These statements may involve risks and uncertainties that could cause actual results to differ materially from these statements. Forward-looking statement should be considered in conjunction with the cautionary statements in our earnings release, and the risk factors included in our SEC filings.
In addition, please refer to our earnings release for the required reconciliation of non-GAAP financial measures discussed on today's call. Lastly, let me thank you in advance for asking only one question and getting back in the queue for more follow up. Rob?
Rob Lynch
Thank you, Stacy. Good morning, everyone, and thanks for joining us. Overall, we are pleased with our first quarter performance, which was consistent with our expectations and resulted in the highest global system-wide sales and company history.
Our North America comparable sales were in line with our record results we achieved a year ago and supported by 3% growth in our domestic company-owned restaurants. In the first quarter, we also opened 59 new restaurants. We are extremely proud of our accomplishments over the last three and a half year.