Papa Johns chain to close 300 locations by end of 2027

(NEXSTAR) – Papa Johns has announced plans to close hundreds of underperforming locations by the end of 2027, with around 200 slated to shutter in 2026 alone.

Ravi Thanawala, the CFO and President of Papa Johns in North America, revealed the company’s plans for “select closures” during an earnings call last week.

“The vast majority of our global restaurants have performed well over the years and delivered strong returns for both corporate and franchise owners,” Thanawala said. “However, we have identified approximately 300 underperforming restaurants across North America 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 nearby restaurants.”...

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RSK: I guess, how many pizza chains can we have? If you have a good product at a fair price you should do okay. Might be owner operators or bad site selection with these. Dominoes keeps trucking on.