Papa John's International, Inc. (NASDAQ:PZZA) Q4 2023 Earnings Conference Call February 29, 2024 8:00 AM ET
Company Participants
Stacy Frole - VP, IR
Rob Lynch - President & CEO
Ravi Thanawala - CFO
Conference Call Participants
Sara Senatore - Bank of America
Peter Saleh - BTIG
Lauren Silverman - Deutsche Bank
Brian Bittner - Oppenheimer
Eric Gonzalez - KeyBanc
Brian Mullan - Piper Sandler
Todd Brooks - The Benchmark Company
Alexander Slagle - Jefferies
Andrew Strelzik - BMO Capital Markets
Dennis Geiger - UBS
Operator
Good morning and thank you for standing by. Welcome to the Papa John's Fourth Quarter and Full Year 2023 Earnings Call and Webcast. At this time, all participants are in a 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 introduce your host for today's call, Stacy Frole, Vice President of Investor Relations. Please go ahead.
Stacy Frole
Good morning, and welcome to our fourth quarter and full year 2023 earnings conference call. This morning, we issued our fourth quarter and full year 2023 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 Ravi Thanawala, our Chief Financial 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. Before we get into our 2023 results and our 2024 strategic initiatives, I'd like to take a moment to briefly reflect on the progress that we've made over the last 5 years.
When I joined Papa John's in 2019, system-wide sales North America units and operating income were rapidly declining. Since then, our team and franchisees have worked incredibly hard to rebuild the brand and regain consumer loyalty. Their focus and diligence during some of the most dynamic times in our industry has strengthened Papa John's and positioned us for sustainable growth in the QSR space. To our team members and franchisees, thank you for your commitment and dedication to our customers, our values and our brand and for playing a key role in our success.