Major pizza chain to close 300 underperforming restaurants

• Papa John's is set to close 300 underperforming restaurants by the end of 2027.
• About 200 of these locations are scheduled to shut down this year as part of a cost-cutting initiative.
• The closures target restaurants that are “not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant”.
• The pizza chain reported a three percent decrease in sales for its US locations, and total revenues, $2.1 billion, were flat last year compared to 2024.
• Papa John's also announced a reduction of about seven percent of its corporate workforce.

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Papa John’s to close hundreds of restaurants as it moves to cut costs