Pizza

Financing

Papa Johns is reportedly weighing a buyout offer, again

The Bottom Line: The pizza chain is reportedly weighing an offer from Irth Capital Management that would take the company private, the latest in a long line of buyout rumors and reports.

Financing

Papa Johns is closing 300 restaurants and cutting staff

The pizza chain’s North America same-store sales have fallen for seven of the past eight quarters. It is cutting 7% of its workforce while closing underperforming restaurants and eliminating menu items.

Domino’s Pizza Enterprises, the pizza chain’s giant Australia-based franchisee, has struggled of late and just hired its third CEO in just over a year. The franchisor’s international success depends on its turnaround.

The Bottom Line: The country’s largest pizza chain argued that its competitors’ weakness is not a reflection of the sector’s demand. But data suggest the sector is indeed losing customers.

The fast-food pizza chain said that its same-store sales rose 3.7% in the fourth quarter and that it gained market share over its rivals. The company’s stock soared in early-morning trading on Monday.

The Bottom Line: This week’s edition of the weekly restaurant finance newsletter looks at the challenges at Pizza Hut and a huge reason why it fell behind longtime rival Domino’s.

Parent company Yum Brands is still conducting a strategic review of its struggling fast-food pizza chain but plans investments in marketing early this year as part of an agreement with franchisees.

The Bottom Line: The pizza chain’s shift from a full-service model to takeout and delivery was the biggest service model shift in restaurant industry history. But it has not spurred the growth for which the company hoped.

The culinary team at the Atlanta-based pizza chain tested countless iterations to elevate the pie’s flavor and texture and have it stand out in a crowded category.

The Texas-based pizza buffet chain is being sold to a family office investment firm of tax consultant Brint Ryan.

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