Papa Johns is closing hundreds of locations [CNN]
Yum! Brands, Inc. (YUM)
Last yum! brands, inc. earnings: 4/29 07:00 am
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Source: CNN
The company revealed during Thursday's earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200 of them shuttering this year. The affected restaurants are those “not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant,” said Ravi Thanawala, Papa Johns chief financial officer and president of the chain's North America operations. A specific list of locations wasn't announced. Papa Johns had about 3,500 locations at the end of 2025, according to its annual report. In addition to the closures, the company cut about 7% of its roughly 700-person corporate workforce. The closures follow a brutal fourth quarter for the chain, which reported a 5.4% decline in same-store sales in North America. CEO Todd Penegor said in a statement the results “reflected a weak consumer backdrop and elevated promotio
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News
- Papa Johns to shutter 300 stores across US by end of 2027 [Yahoo! Finance]Yahoo! Finance
- Pizza Hut rival closing 300 locations nationwide [Yahoo! Finance]Yahoo! Finance
- Papa Johns is closing hundreds of locations [Yahoo! Finance]Yahoo! Finance
- Papa Johns is closing hundreds of locations [CNN]CNN
- Solo dining surges 52% as Americans embrace 'me-me-me economy' over shared meals [FOX News]FOX News
YUM
Earnings
- 2/4/26 - Miss
YUM
Sec Filings
- 2/26/26 - Form 144
- 2/26/26 - Form 4
- 2/26/26 - Form 4
- YUM's page on the SEC website