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Pizza

Financing

Papa John’s plans to open as many as 1,800 more stores by 2025

The pizza chain, whose sales continue to outperform its rivals, is raising its development outlook as operators speed up unit growth.

Financing

Papa John’s focus on premium pizzas pays off

The pizza chain is getting strong results from its latest premium pie, its Epic Pepperoni Stuffed Crust Pizza. That focus on higher-end pizzas has helped it in more ways than one.

The pizza chain’s sales fell, much like Domino’s, because of the driver shortage. But the company says operators that have used aggregators are seeing sales benefits.

The pizza delivery giant is taking a long look at its driver shortage after sales weakened last quarter and says that all options are on the table.

The ghost kitchen operator is pursuing a bigger stake in the pizza concept. The pair have plans to open 500 units together.

The pizza chain’s same-store sales declined 3.6% in the U.S. in the first quarter while earnings declined amid a number of challenges that executives warned could persist into the future.

The former finance executive will lead the brand under the Canadian brand operator MTY Food Group.

The pizza and chicken buffet concept has recovered from the pandemic, but not just because it focused more on takeout and installed drive-thru windows. Some credit goes to video games.

The former NBA star-turned-pitchman helped the pizza chain turn around when he became spokesman and director three years ago. He’s being rewarded with a deal worth at least $11 million in cash and stock.

The fast-casual pizza chain’s day-to-day operations will now be run by &pizza’s COO and CBO, CEO Michael Lastoria said.

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