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Papa Johns

All articles tagged with #papa johns

business5 days ago•2 min saved

Papa John's to Shutter 300 Locations in Cost-Cutting Push to Spur Growth

Papa John's will shutter 300 restaurants by end-2027 as part of a cost-cutting push to boost growth, with 200 closures planned by year-end and the rest by 2027. CFO Ravi Thanawala cited underperforming locations or sites that can transfer sales to nearby outlets. The chain has about 6,000 locations in 50 countries; 2025 revenue was $2.1 billion with shrinking profits, and the stock has fallen roughly 31% over the past year. The company also cut its corporate workforce by 7%, to about 104,000 employees as of March 2025.

via CBS News|

#business #cost-cutting #earnings

business5 days ago•341 min saved

Papa John’s to shutter about 300 North American restaurants in turnaround

Papa John’s says it will close roughly 300 underperforming North American restaurants by the end of 2027, about 200 of them this year, as part of a turnaround plan following a weak quarter. The closures accompany a roughly 7% cut to its corporate staff and come after a 5.4% drop in North American same-store sales in Q4; CEO Todd Penegor cited a weak consumer backdrop and promotional environment while rivals like Pizza Hut and Domino’s show a mixed picture.

via CNN|

#business #earnings-call #north-america

business3 months ago•0 min saved

Papa John's Shares Rise Amid Potential $65 Takeover

Papa John's stock surged 14% on reports that it is nearing a $65 per share sale to TriArtisan Capital, with discussions progressing toward an agreement, though no deal has been finalized.

via Seeking Alpha|

#business #merger #papa-johns

business4 months ago•1 min saved

Papa John's Shares Drop After Apollo Withdraws Takeover Bid

Papa John’s shares dropped 15% after reports that Apollo Global withdrew its $64 per share bid to take the company private, amid broader challenges in the restaurant sector such as sluggish sales and rising costs.

via CNBC|

#apollo-global #business #papa-johns

business4 months ago•1 min saved

Papa John's Shares Drop After Apollo Withdraws Takeover Bid

Papa John’s stock fell by up to 21% after Apollo Global Management withdrew its bid to take the company private at $64 per share, marking the largest drop since March 2020, amid broader industry shifts including Yum! Brands' review of Pizza Hut.

via Bloomberg.com|

#apollo-global-management #business #papa-johns

business8 months ago•1 min saved

Apollo and Irth Capital Eye Private Acquisition of Papa Johns

Apollo and Irth Capital have made a bid to take Papa Johns private, valuing the pizza chain at around $2 billion, with the consortium offering in the low $60s per share, while Irth Capital brings a small stake and turnaround expertise, though financing details are still being sorted out.

via Semafor|

#apollo #business #investment-bid

finance2 years ago•1 min saved

"AMC's Revival, Duolingo's Growth, and Papa John's Resurgence: Trending Business Highlights"

AMC shares fell after reporting a larger-than-expected loss despite beating revenue estimates, while Duolingo's stock surged on better-than-expected fourth-quarter results driven by user growth. Papa John's stock climbed after beating earnings estimates and posting rising comparable sales in North America.

via Yahoo Finance|

#amc #duolingo #earnings

business2 years ago•2 min saved

"Papa John's Settles Discrimination Lawsuit, Pays $175K to Blind Athens Man"

Papa John's Pizza has agreed to pay $175,000 to settle a disability discrimination claim filed by a blind former employee. The employee, Michael Barnes, was denied an accommodation and fired before starting his job. The settlement also includes training on the Americans with Disabilities Act for Papa John's employees, a review of employment policies, and monitoring of discrimination complaints by the U.S. Equal Employment Opportunity Commission. The company stated its commitment to equal opportunity and maintaining a diverse and inclusive culture.

via USA TODAY|

#business #disability #discrimination

crime2 years ago•0 min saved

"Omaha Police Probe Pizza Shop Robbery"

Omaha Police are investigating a robbery at a Papa John's pizza shop where a suspect, described as a Black male wearing a pink hooded sweatshirt and a black face covering, entered the store, brandished a handgun, and demanded money before fleeing on foot with an undisclosed amount of cash. The investigation is ongoing, and anyone with information is urged to contact Omaha Crime Stoppers.

via WOWT|

#crime #investigation #omaha

business2 years ago•0 min saved

All Taco John's locations in Fargo-Moorhead area to shut down.

All Taco John's locations in the Fargo-Moorhead area have closed, with most locations shutting down on Friday and officially closing on Sunday. There is a possibility that current employees could be moved to local Papa John's locations, but this has not been confirmed. One employee stated that he had only found out about the closing this week.

via KVLY|

#business #fargo-moorhead #local-employment