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Papa John’s to Shut 300 Low-Performing Restaurants by 2027

3/4/2026

46 9 Full Breakdown

Summary

Story summary

Papa John’s will close 300 underperforming North American restaurants by end-2027.
Chief Financial Officer Ravi Thanawala said the closures target franchise-owned restaurants generating under $600,000 annually, with 200 closed by end-2026 and 100 by end-2027.
The plan follows a 5.4% decline in same-store sales in the fourth quarter of 2025.
Papa John’s expects a 2% improvement in profitability and operational efficiency in the medium term.

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Story summary

Papa John’s will close 300 underperforming North American restaurants by end-2027.
Chief Financial Officer Ravi Thanawala said the closures target franchise-owned restaurants generating under $600,000 annually, with 200 closed by end-2026 and 100 by end-2027.
The plan follows a 5.4% decline in same-store sales in the fourth quarter of 2025.
Papa John’s expects a 2% improvement in profitability and operational efficiency in the medium term.