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SEC Comment Letter for PAPA JOHNS INTERNATIONAL INC (PZZA) (CIK 0000901491) (PZZA) — Jun 21, 2021

PAPA JOHNS INTERNATIONAL INC (PZZA) (CIK 0000901491)
Date: June 21, 2021 · CIK: 0000901491 · Accession: 0000000000-21-007551

AI Filing Summary & Sentiment

File numbers found in text: 000-21660

Date
June 21, 2021
Author
Not clearly detected
Form
UPLOAD
Company
PAPA JOHNS INTERNATIONAL INC (PZZA) (CIK 0000901491)

Letter

United States securities and exchange commission logo June 21, 2021 Ann Gugino Chief Financial Officer Papa John's International, Inc. 2002 Papa John’s Boulevard Louisville , Kentucky 40299 Re:Papa John's International, Inc. Form 10-K for the Fiscal Year Ended December 27, 2020 Filed February 25, 2021 File No. 000-21660 Dear Ms. Gugino: We have reviewed your registration statement and have the following comments. In some of our comments, we may ask you to provide us with information so we may better understand your disclosure. Please respond to this letter by amending your registration statement and providing the requested information. If you do not believe our comments apply to your facts and circumstances or do not believe an amendment is appropriate, please tell us why in your response. After reviewing any amendment to your registration statement and the information you provide in response to these comments, we may have additional comments. Form 10-K for the Fiscal Year Ended December 27, 2020 Discussion of Operating Results, page 37 1.Please revise the bolded table caption "Adjusted operating income" to "Total" or something similar to avoid labeling each column total as "Adjusted operating income."

FirstName LastNameAnn Gugino Comapany NamePapa John's International, Inc. June 21, 2021 Page 2 FirstName LastName Ann Gugino Papa John's International, Inc. June 21, 2021 Page 2 Management's Discussion and Analysis of Financial Condition and Results of Operations Results of Operations Discussion of Operating Results North American Franchising Segment, page 37 2.Please quantify factors to which changes are attributed. For example, you state the increase in North America Franchising Segment was due to higher comparable sales and a higher effective royalty rate. Refer to Item 303(b) of Regulation S-K. We remind you that the company and its management are responsible for the accuracy and adequacy of their disclosures, notwithstanding any review, comments, action or absence of action by the staff. Refer to Rules 460 and 461 regarding requests for acceleration. Please allow adequate time for us to review any amendment prior to the requested effective date of the registration statement. You may contact Robert Shapiro at 202-551-3273 or Lyn Shenk at 202-551-3380 if you have questions regarding comments on the financial statements and related matters. Sincerely, Division of Corporation Finance Office of Trade & Services cc: Caroline Oyler

Show Raw Text
United States securities and exchange commission logo
June 21, 2021
Ann Gugino
Chief Financial Officer
Papa John's International, Inc.
2002 Papa John’s Boulevard
Louisville , Kentucky 40299
Re:Papa John's International, Inc.
Form 10-K for the Fiscal Year Ended December 27, 2020
Filed February 25, 2021
File No. 000-21660
Dear Ms. Gugino:
            We have reviewed your registration statement and have the following comments.  In
some of our comments, we may ask you to provide us with information so we may better
understand your disclosure.
            Please respond to this letter by amending your registration statement and providing the
requested information.  If you do not believe our comments apply to your facts and
circumstances or do not believe an amendment is appropriate, please tell us why in your
response.
            After reviewing any amendment to your registration statement and the information you
provide in response to these comments, we may have additional comments.
Form 10-K for the Fiscal Year Ended December 27, 2020
Discussion of Operating Results, page 37
1.Please revise the bolded table caption "Adjusted operating income" to "Total" or
something similar to avoid labeling each column total as "Adjusted operating income."

 FirstName LastNameAnn Gugino
 Comapany NamePapa John's International, Inc.
 June 21, 2021 Page 2
 FirstName LastName
Ann Gugino
Papa John's International, Inc.
June 21, 2021
Page 2
Management's Discussion and Analysis of Financial Condition and Results of Operations
Results of Operations
Discussion of Operating Results
North American Franchising Segment, page 37
2.Please quantify factors to which changes are attributed. For example, you state the
increase in North America Franchising Segment was due to higher comparable sales and a
higher effective royalty rate.  Refer to Item 303(b) of Regulation S-K.
            We remind you that the company and its management are responsible for the accuracy
and adequacy of their disclosures, notwithstanding any review, comments, action or absence of
action by the staff.
            Refer to Rules 460 and 461 regarding requests for acceleration.  Please allow adequate
time for us to review any amendment prior to the requested effective date of the registration
statement.
            You may contact Robert Shapiro at 202-551-3273 or Lyn Shenk at 202-551-3380 if you
have questions regarding comments on the financial statements and related matters.
Sincerely,
Division of Corporation Finance
Office of Trade & Services
cc:       Caroline Oyler