Papa Johns Announces CEO Transition and Reaffirms Fiscal 2024 Adjusted Operating Income and Development Outlook - Seite 3

Our forward-looking statements are based on our assumptions which are based on currently available information. Actual outcomes and results may differ materially from those matters expressed or implied in our forward-looking statements as a result of various factors, including but not limited to risks related to: deteriorating economic conditions in the U.S. and international markets, including the United Kingdom; labor shortages at Company and/or franchised stores and our quality control centers; increases in labor costs, commodity costs, supply chain incentive-based rebates, or sustained higher other operating costs, including as a result of supply chain disruption, inflation or climate change; the potential for delayed new store openings, both domestically and internationally, or lower net unit development due to changing circumstances outside of our control; the increased risk of phishing, ransomware and other cyber-attacks; risks and disruptions to the global economy and our business related to the conflicts in Ukraine and the Middle East and other international conflicts and risks related to a possible economic recession or downturn that could reduce consumer spending or demand. These and other risks, uncertainties and assumptions that are involved in our forward-looking statements are discussed in detail in “Part I. Item 1A. – Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 31, 2023. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.

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¹ Adjusted Operating Income is a non-GAAP financial measure. The Company is not able to present forecasted GAAP operating income or a quantitative reconciliation to forecasted Adjusted Operating Income because the Company is not able to predict with reasonable certainty and without unreasonable effort the impact and timing of International repositioning and acquisition-related costs, International restructuring costs and expenses and other special items. The financial impact of these items is uncertain and is dependent on various factors, including timing, and could be material to the Company’s earnings.

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The Papa John's International Stock at the time of publication of the news with a fall of -0,75 % to 66,00EUR on Tradegate stock exchange (20. März 2024, 22:26 Uhr).