Papa John's

Financing

Papa Johns has big plans to boost sales this year

The company is shifting spending from local marketing to national marketing and has plans for “major food innovation” come April.

Financing

At Papa Johns, delivery shifts from its own apps to aggregators

The Bottom Line: The pizza delivery chain’s business with companies like Uber Eats and DoorDash is thriving while its own delivery is slowing. But this isn’t the beginning of the end of self-delivery, CEO Rob Lynch says.

The former NBA player turned pitchman will not run for re-election on the board due to business commitments. But he will maintain a relationship with the pizza chain.

Amanda Clark, who has helped boost the pizza chain’s development in the U.S. and globally, is leaving to take a CEO role “at another company in the franchise industry.”

The pizza chain plans to “right size” its U.K. market this year, closing some unprofitable stores as it prepares many markets for growth.

The pizza chain, which outperformed its largest competitors last quarter, now gets 15% of its sales from companies like DoorDash and Uber Eats.

The pizza chain appointed former executives from Dollar General and Home Depot as directors to support its long-term growth plan.

The pizza chain’s same-store sales were unexpectedly weak last quarter. The company blamed the problem on aggressive pricing by franchisees.

The pizza chain is acquiring restaurants from a franchisee, believing that operating its own locations in the market will improve sales over the long term.

The kitchen is the centerpiece of the pizza chain’s new Atlanta headquarters, which makes sense. Innovation has been the centerpiece of the chain’s comeback.

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