Papa Johns to shutter 300 stores across US by end of 2027
USA TODAY
The pizza chain announced a swath of closures in its earnings call on Feb. 26, echoing that of other restaurants.
Papa Johns will close about 300 stores across the United States by the end of 2027, the Louisville, Kentucky-based company announced during an earnings call on Thursday, Feb. 26.
Ravi Thanawala, Papa Johns' CFO and North America president, said he expects about 200 closures to occur in 2026. The closing stores, according to Thanawala, are primarily franchisee-owned and "are not meeting brand expectations or lack a clear path to sustainable financial improvement."
He added that the locations generate "negative four-wall" income and are over a decade old.
"We are taking action to better align corporate and field resources with our transformation priorities and optimize spans and layers in our organizations," Todd Penegor, Papa John's CEO, said of the closures during the call.
It is not immediately known which stores the pizza chain intends to close or when the closures will take place. USA TODAY reached out to Papa Johns for comment.
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