my guess - Papa John's (PZZA) is a franchisor - they're income comes from franchisee's and is consistent; besides advertising and Corp HQ, there aren't many expenses

Dec 2019 https://finance.yahoo.com/news/why-papa-johns-pzza-8-133101880.html

Operating Highlights

Total operating income was $14.2 million in the second quarter compared with operating income of $24.9 million in the year-ago quarter. Total costs and expenses amounted to $385.6 million, down 4.3% from second-quarter 2018.

Balance Sheet

As of Jun 30, 2019, cash and cash equivalents totaled $30.7 million compared with $33.3 million as of Dec 30, 2018. Long-term debt was $349.7 million at the end of the second quarter of 2019 compared with $601.1 million at the end of 2018.

Inventories at the end of the reported quarter declined to $26.6 million from $27.2 million at the end of Dec 30, 2018. Free cash flow at the end of the second quarter of 2019 summed $8.9 million compared with $51.9 million at the end of 2018.

The company paid out cash dividends of $10.5 million in the second quarter of 2019 and declared second-quarter cash dividend of approximately $10.5 million.