Papa John's

Financing

Papa Johns, eager for more unit growth, inks a 50-unit development deal

The Bajco Group will open 50 restaurants in the Midwest, Arizona, Pennsylvania and Florida, as the pizza chain works to increase domestic development.

Marketing

Papa Johns just introduced a major new marketing platform

The pizza delivery chain is building on its “Better Ingredients, Better Pizza” with a new marketing slogan, “Better Get You Some," along with a campaign featuring Big Boi.

The Bottom Line: Growth that came so easy to pizza delivery chains like Domino’s, Pizza Hut and Papa Johns is now much harder to come by. And now two of them are looking for new leadership.

The fast-casual burger chain is plucking the Papa Johns chief executive to take over for Randy Garutti in May. Ravi Thanawala will become the pizza chain’s interim CEO.

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

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.

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