Papa John's International Inc (PZZA)

Gross profit margin

		Dec 31, 2023	Sep 30, 2023	Jun 30, 2023	Mar 31, 2023	Dec 31, 2022	Sep 30, 2022	Jun 30, 2022	Mar 31, 2022	Dec 31, 2021	Sep 30, 2021	Jun 30, 2021	Mar 31, 2021	Dec 31, 2020	Sep 30, 2020	Jun 30, 2020	Mar 31, 2020	Dec 31, 2019	Sep 30, 2019	Jun 30, 2019	Mar 31, 2019
Gross profit (ttm)	US$ in thousands	1,869,665	1,809,488	1,791,221	1,806,034	1,795,024	1,805,275	1,809,315	1,789,606	1,781,863	1,847,685	1,809,313	1,760,198	1,664,554	1,612,257	1,541,787	1,480,497	1,465,559	1,422,026	1,380,701	1,437,755
Revenue (ttm)	US$ in thousands	2,144,971	2,075,826	2,064,226	2,072,661	2,085,404	2,110,754	2,110,024	2,099,367	2,068,421	2,009,347	1,969,506	1,915,121	1,813,234	1,760,937	1,691,702	1,630,702	1,619,248	1,599,300	1,580,825	1,611,154
Gross profit margin		87.17%	87.17%	86.77%	87.14%	86.08%	85.53%	85.75%	85.25%	86.15%	91.95%	91.87%	91.91%	91.80%	91.56%	91.14%	90.79%	90.51%	88.92%	87.34%	89.24%

December 31, 2023 calculation

Gross profit margin = Gross profit (ttm) ÷ Revenue (ttm)
= $1,869,665K ÷ $2,144,971K
= 87.17%

Based on the data provided, Papa John's International, Inc. has consistently maintained a gross profit margin of 100.00% across all quarters in the time period specified. A gross profit margin of 100.00% indicates that the company is generating revenue from its sales that fully covers the direct costs associated with producing the goods or services sold. This high and consistent gross profit margin suggests effective cost management and pricing strategies by the company, resulting in strong profitability at the gross level. However, further analysis of additional financial metrics and factors influencing the company's performance would provide a more comprehensive understanding of its overall financial health and operational efficiency.