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Papa Johns Is Closing Hundreds of Locations
- During the Feb. 26 earnings call, Papa Johns said it will close approximately 300 underperforming restaurants by 2027, with about 200 in 2026, Ravi Thanawala stated.
- After a strategic review, the company determined 300 restaurants are 'not meeting brand expectations' amid a brutal fourth quarter and a 5.4% decline in North America same-store sales, executives said.
- The company is also restructuring operations by cutting about 7% of its roughly 700-person corporate workforce, accelerating its refranchising program, and planning 40–50 gross new restaurants in 2026 among 3,500 total locations at end of 2025.
- CEO Todd Penegor said 'These actions... represent meaningful progress against our transformational objectives', with Papa Johns expecting to save at least $25 million through 2027, and roughly $13 million in 2026.
- Across the sector, competitors are also resizing their fleets, as Pizza Hut plans about 250 closures and Domino's Pizza reported a 3.7% same-store sales growth earlier this week while Papa Johns posted a 1% global sales increase despite a North America sales dip of 2%.
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abc10 News+8 Reposted by 8 other sources
Papa John’s to close more than 300 stores, cut corporate workforce
Papa Johns plans to close more than 300 underperforming restaurants by the end of 2027, including about 200 locations this year, as the pizza chain works to improve performance following a difficult quarter.The company said sales declined 5.4% during the period and announced it will lay off about 700 corporate employees, or roughly 7% of its workforce.IN CASE YOU MISSED IT | Yum Brands to shutter hundreds of Pizza Hut stores amid strategic revie…
·Poway, United States
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The IndependentReposted by 
The Independent (US)
The Independent (US)Papa John’s to close hundreds of restaurants as it moves to cut costs
The pizza chain will shutter 300 locations by the end of 2027
·London, United Kingdom
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Total News Sources75
Leaning Left9Leaning Right3Center56Last UpdatedBias Distribution82% Center
Bias Distribution
- 82% of the sources are Center
82% Center
13%
C 82%
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