Pizza

Financing

Papa Johns wants to help its franchisees open more locations

The pizza chain will help franchisees with construction services in a bid to spur more growth, saying its unit economics warrant a better pace of development.

Financing

How Pizza Hut got its mojo back

The pizza chain’s sales improved last quarter despite a weak market for delivery, thanks to Melts, third-party aggregators, and a major franchisee deal two years ago.

The pizza chain’s same-store sales rose 3.6% in the U.S. and its profits improved, sending the company’s stock higher. But the stock quickly turned south later in the morning.

The pizza chain will train its franchisees this summer in a bid to improve delivery times and service. It is also planning changes to its loyalty program and a redesign of its e-commerce platform.

The pizza chain collaborated with mega-snack company Frito-Lay on a cool flavor extension for its signature Papadia.

A survey from the marketing firm Vericast shows a growing number of consumers are choosing to get frozen pizza over one of the big chains. And prices are a huge reason.

The fast-food pizza chain signed a deal with PJP Investments to develop 650 locations in the populous country by 2033. The first location is expected to open in 2024.

Ann Gugino, whom the quick-service pizza chain hired in 2020, resigned as chief financial officer this week. The company said that it is searching for a replacement.

Brad Kent, who developed and evolved the fast-casual chain's menu over nearly 12 years, said it was a surprise. Company officials told him they wanted to move in a different direction.

The delivery company is enabling cash on delivery through its white-label Drive service after pizzerias asked for it.

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