- Papa John's is set to close 300 underperforming restaurants by the end of 2027.
- About 200 of these locations are scheduled to shut down this year as part of a cost-cutting initiative.
- The closures target restaurants that are “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”.
- The pizza chain reported a three percent decrease in sales for its US locations, and total revenues, $2.1 billion, were flat last year compared to 2024.
- Papa John's also announced a reduction of about seven percent of its corporate workforce.
IN FULL
