US EditionNational Pizza Chain to Close 300 Locations by End of 2027
Papa John's will close 300 underperforming U.S. locations by 2027 and cut 7% of its corporate staff to boost profitability amid a 5.4% same-store sales decline, CFO said.
- Papa John's is closing approximately 300 underperforming restaurants across North America.
- The closures will primarily impact franchise-owned locations over a decade old and generating annual sales under $600,000.
- Papa John's plans to close the majority of the affected locations by the end of 2027, with 200 closures occurring in 2026.
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92 Articles
Fox Business
The New York LedgerPapa John's to close hundreds of restaurants
Pizza chain Papa John's said it plans to close hundreds of underperforming restaurants in North America by the end of next year."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 a nearby restaurant," Papa John's Chief Financial Officer Ravi Thanawal…
Papa Johns closing hundreds of locations
(CNN, KYMA) - Papa Johns is closing hundreds of restaurants after a tough quarter. On Thursday, the company said about 300 underperforming North American locations will shut down by the end of 2027. About 200 of those closures are expected this year. Executives say the affected stores are not meeting brand expectations or lack a clear path to profitability. It is also cutting about 7% of its corporate workforce. Papa Johns operated about 35,000 …
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