Papa John's International Inc (PZZA)

Net 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
Net income (ttm)	US$ in thousands	82,098	79,519	71,989	79,654	67,772	68,881	89,806	96,627	120,016	108,560	95,012	83,372	57,932	42,623	27,300	15,040	4,866	-5,860	-19,545	-16,700
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
Net profit margin		3.83%	3.83%	3.49%	3.84%	3.25%	3.26%	4.26%	4.60%	5.80%	5.40%	4.82%	4.35%	3.19%	2.42%	1.61%	0.92%	0.30%	-0.37%	-1.24%	-1.04%

December 31, 2023 calculation

Net profit margin = Net income (ttm) ÷ Revenue (ttm)
= $82,098K ÷ $2,144,971K
= 3.83%

Papa John's International, Inc. has displayed varying net profit margins over the past eight quarters. The trend shows some volatility, with the net profit margins ranging from -0.60% in Q1 2022 to 4.39% in Q2 2022. In the last reported quarter, Q4 2023, the net profit margin stood at 3.84%. Overall, the company's net profit margins have generally been positive, indicating a consistent ability to generate profits relative to its revenue in most quarters. However, fluctuating margins suggest that Papa John's may face challenges in managing costs and optimizing its operational efficiency, which could impact its bottom line performance in the future. It would be essential for the company to closely monitor and address the factors contributing to these fluctuations to ensure sustained profitability and long-term success.