Summary
Papa Johns plans to close about 300 underperforming stores in North America due to low sales. This decision affects nearly 9% of their total locations as the company tries to improve its overall performance.
Key Facts
- Papa Johns will close around 300 stores in North America because they are not performing well financially.
- These closures affect roughly 9% of the company's total 3,500 locations.
- In 2025, North American same-store sales fell by 2.5%, with a 5.4% drop in the fourth quarter.
- International sales rose by 5% in 2025, but total revenues slightly decreased to $2.1 billion.
- The closures target mainly franchise-owned stores over a decade old with annual sales under $600,000.
- 7% of Papa Johns' corporate workforce was laid off in 2025.
- CEO Todd Penegor said the focus is on reinforcing "brand health" for future growth.
