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The operation plans to close about 25 stores.
China is poised to eclipse the U.S. as a hotbed of activity.
Diversified Restaurant Holdings is pursuing a sale or other extraordinary option.
The chains' declines deepened their parent's losses to $8.5 million for the third quarter.
Competitors say they've not felt the football fallout Papa John's cites as the main reason for a sales slowdown.
Comps for the third quarter fell 17.3%, but were partially offset by the improved performance of its older sister, Pizza Inn.
Carrols Corp. noted little difference in the performance of its oldest and newest stores.
The deficit marks an improvement from the year-ago quarter, when the fast-casual operation lost $9.8 million.
A look at the reports for public companies reveals some definite directional arrows for the industry as a whole.
The health-oriented hybrid says a change in its business model makes expansion there too costly.