Papa Johns will close 300 restaurants [Yahoo! Finance]
Papa John's International, Inc. (PZZA)
Last papa john's international, inc. earnings: 2/26 07:00 am
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ir.papajohns.com
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Source: Yahoo! Finance
Dive Brief: Papa Johns, which posted same-store sales declines of 5% in North America during Q4 2025, plans to close 300 underperforming restaurants — mostly franchisee owned — across the region, Ravi Thanawala, Papa Johns CFO and North America president, said Thursday during an earnings call. These restaurants don't meet brand expectations and don't have a path to sustainable financial improvement, he said. They are over a decade old, generate average unit volume of under $600,000 and typically generate negative four-wall income. The company has also been working on reducing its overall cost structure as part of its ongoing transformation plan and has cut its corporate workforce by 7%, Thanawala added. These reductions will help the chain “better align corporate and field resources with our transformation priorities and optimize spans and layers in our organization,” CEO Todd Penegor said during the call. Dive Insight: This same closure strategy was deployed in the United
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PZZA
News
- Papa Johns to Participate in the UBS Global Consumer and Retail ConferenceBusiness Wire
- Papa John's to close hundreds of restaurants [FOX Business Network]FOX Business Network
- Papa Johns Q4 2025 profit falls as depreciation and G&A rise [Yahoo! Finance]Yahoo! Finance
- Papa John's International Q4 Earnings Call Highlights [Yahoo! Finance]Yahoo! Finance
- Papa Johns to close hundreds of locations: List of doomed pizza restaurants grows in 2026 [Yahoo! Finance]Yahoo! Finance
PZZA
Earnings
- 2/26/26 - Beat
PZZA
Sec Filings
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- 3/5/26 - Form 4
- PZZA's page on the SEC website