Papa John's International Inc (PZZA)

Net profit margin

		Dec 31, 2023	Dec 31, 2022	Dec 31, 2021	Dec 31, 2020	Dec 31, 2019
Net income	US$ in thousands	82,098	67,772	120,016	57,932	4,866
Revenue	US$ in thousands	2,145,070	2,088,400	2,068,420	1,813,230	1,619,250
Net profit margin		3.83%	3.25%	5.80%	3.19%	0.30%

December 31, 2023 calculation

Net profit margin = Net income ÷ Revenue
= $82,098K ÷ $2,145,070K
= 3.83%

The net profit margin of Papa John's International, Inc. has shown variability over the past five years. In 2023, the net profit margin increased to 3.84% from 3.20% in 2022, indicating an improvement in the company's ability to convert revenue into profit. This positive trend suggests effective cost management and operational efficiency during the most recent fiscal year.

In 2021, the net profit margin stood at a low of 0.20%, reflecting challenges in profitability potentially due to higher costs or lower revenue. However, in 2020, the net profit margin improved to 2.30%, indicating some recovery from the previous year. The negative net profit margin in 2019 (-0.47%) suggests that the company may have incurred losses during that year, facing difficulties in generating profits relative to its revenue.

Overall, analyzing the fluctuations in the net profit margin of Papa John's International, Inc. provides insight into the company's profitability performance over the past five years, showcasing both strengths and areas needing improvement.