Papa Johns to close 200 stores in 2026? How many are in Tennessee [Yahoo! Finance]
Yum! Brands, Inc. (YUM)
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Source: Yahoo! Finance
Papa Johns announced it would close roughly 300 stores across the United States in a company earnings call on Feb. 26. Ravi Thanawala, Papa Johns ' CFO and North America president, said that the closing locations generate "negative four-wall" income and are over a decade old. "We are taking action to better align corporate and field resources with our transformation priorities and optimize spans and layers in our organizations," Todd Penegor, Papa John's CEO, said of the closures during the call. Papa John's reported that its revenue from North American stores decreased by 2% in fiscal year 2025 compared with the previous year. Company-owned restaurants saw a 3% drop in revenue, while franchised restaurants experienced a 2% decline. Here's what to know about potential closures in Tennessee. When will Papa Johns close locations? Thanawala said he expects about 200 closures to occur in 2026. The closing stores, according to Thanawala, are primarily franchisee-owned and "are
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