Papa John's International Inc (PZZA)
Pretax margin
Dec 31, 2023 | Dec 31, 2022 | Dec 31, 2021 | Dec 31, 2020 | Dec 31, 2019 | ||
---|---|---|---|---|---|---|
Earnings before tax but after interest (EBT) | US$ in thousands | 102,972 | 82,192 | 146,009 | 72,680 | 4,255 |
Revenue | US$ in thousands | 2,145,070 | 2,088,400 | 2,068,420 | 1,813,230 | 1,619,250 |
Pretax margin | 4.80% | 3.94% | 7.06% | 4.01% | 0.26% |
December 31, 2023 calculation
Pretax margin = EBT ÷ Revenue
= $102,972K ÷ $2,145,070K
= 4.80%
The pretax margin of Papa John's International Inc. has shown fluctuations over the past five years, ranging from 0.31% in 2019 to 7.30% in 2021. In 2023, the pretax margin increased to 4.85% compared to 3.99% in 2022. The improvement in the pretax margin from 2022 to 2023 indicates increased profitability before accounting for taxes. It is essential for the company to sustain or further enhance this margin to ensure efficient cost management and revenue generation.
Peer comparison
Dec 31, 2023
Company name
Symbol
Pretax margin
Papa John's International Inc
PZZA
4.80%
Aramark Holdings
ARMK
4.42%
BJs Restaurants Inc
BJRI
0.76%
Bloomin Brands Inc
BLMN
5.68%
Brinker International Inc
EAT
3.73%
Chipotle Mexican Grill Inc
CMG
16.42%
Chuy's Holdings Inc
CHUY
8.00%
Cracker Barrel Old Country Store
CBRL
0.70%
Darden Restaurants Inc
DRI
10.29%
Dave & Buster’s Entertainment
PLAY
7.89%
Dine Brands Global Inc
DIN
13.44%