Papa Johns International (PZZA) Operating Leases (2019 - 2026)

Papa Johns International has reported Operating Leases for 8 years, with the latest figure at $153.8 million in Q1 2026.

• For the quarter ending Q1 2026, Operating Leases fell 10.79% year-over-year to $153.8 million; the trailing twelve-month figure through Mar 2026 stood at $153.8 million (down 10.79% YoY), and the FY2025 full-year result was $156.4 million, down 9.88% from the prior year.
• Operating Leases for Q1 2026 stood at $153.8 million, down from $156.4 million in the prior quarter.
• The five-year high for Operating Leases was $180.1 million in Q3 2024, with the low at $143.8 million in Q1 2024.
• Average Operating Leases over 5 years is $160.0 million, with a median of $157.2 million recorded in 2023.
• Peak annual rise in Operating Leases reached 19.94% in 2025, while the deepest fall reached 12.96% in 2025.
• Tracing PZZA's Operating Leases over 5 years: stood at $160.9 million in 2022, then decreased by 6.12% to $151.0 million in 2023, then climbed by 14.9% to $173.6 million in 2024, then decreased by 9.88% to $156.4 million in 2025, then decreased by 1.63% to $153.8 million in 2026.
• The last three Operating Leases figures came in at $153.8 million (Q1 2026), $156.4 million (Q4 2025), and $156.8 million (Q3 2025), per Business Quant data.

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