Papa John's International, Inc. (NASDAQ:PZZA) Q4 2022 Earnings Conference Call February 23, 2023 8:00 AM ET
Company Participants
Stacy Frole - VP, IR
Rob Lynch - President & CEO
Ann Gugino - CFO
Conference Call Participants
Brian Bittner - Oppenheimer
Sarah Senatore - Bank of America Merrill Lynch
Chris O'Cull - Stifel
Eric Gonzalez - KeyBanc Capital Markets
Lauren Silberman - Credit Suisse
Joshua Long - Stephens
Peter Saleh - BTIG
Alexander Slagle - Jefferies
Operator
Good day and thank you for standing by. Welcome to the Papa John's Fourth Quarter 2022 Conference Call and Webcast. At this time all participants are in listen-only mode. After the speakers' presentation there will be a question-and-answer session. [Operator Instructions] Please be advised that today's conference is being recorded.
I would now like to hand the conference over to your speaker today, Stacy Frole.
Stacy Frole
Good morning. And welcome to our fourth quarter and full year 2022 earnings conference call. This morning, we issued our fourth quarter and full year 2022 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 Ann Gugino, our CFO. 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 today. I'm pleased to report this morning that we had a strong finish to 2022. For the full year, we reported global system wide sales of $4.8 billion, up 3% in constant currency over last year's record sales. We also delivered a third straight year of positive North America comparable sales. We opened 378 new restaurants, growing our system wide footprint by 4.5%. And in 2022, we delivered our second highest adjusted operating income and Papa John's history, second only to last year's record and more than four times higher than 2019.