Papa John's International, Inc. (NASDAQ:PZZA) Q3 2024 Earnings Conference Call November 7, 2024 8:00 AM ET

Company Participants

Stacy Frole - Vice President, Investor Relations
Todd Penegor - President and Chief Executive Officer
Ravi Thanawala - Chief Financial Officer and Executive Vice President, International

Conference Call Participants

Eric Gonzalez - KeyBanc Capital Markets
Brian Bittner - Oppenheimer
Andrew Strelzik - BMO Capital Markets
Chris O'Coll - Stifel Financial Group
Sarah Senatori - Bank of America
Peter Saleh - BCIG
Brian Mullen - Piper Sandler
Dennis Geiger - UBS
Jim Salera - Stephens Inc
Jim Sanderson - Northcoast Research

Operator

Thank you for standing by and welcome to Papa John's Third Quarter 2024 Earnings Conference Call. At this time, all participants are in a listen-only mode. After the speaker presentation, there will be a question-and-answer session. [Operator Instructions]

I would now like to hand the call over to Stacy Frole, Vice President of Investor Relations. Please, go ahead.

Stacy Frole

Good morning, and welcome to our third quarter 2024 earnings conference call.

This morning we issued our third quarter earnings release. A copy of the release can be obtained on our investor relations website at ir.papajohns.com under the News Release tab or by contacting our Investor Relations department at investor_relations@papajohns.com.

Joining me on the call this morning are Todd Penegor, our President and Chief Executive Officer; and Ravi Thanawala, our Chief Financial Officer and Executive Vice President, International.

Before we begin, I need to remind you that comments made during this call will include forward-looking statements 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 statements 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 additional follow-ups.

And now let me turn the call over to Todd.

Todd Penegor

Thank you, Stacy, and good morning, everyone. Since joining Papa John's in August, I've had the opportunity to meet with a significant number of our franchisees and team members around the globe. I've also engaged with many of our analysts and investors. These interactions have provided a deeper understanding of our customer needs, organizational structure, and operating model. It is clear we have opportunities to improve execution and profitability. We have work to do, but based on my experience in the industry and my learnings of the company thus far, I am confident that Papa John's has what it takes to be the best pizza makers in QSR and to create significant sustainable shareholder value over the long-term.