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Papa John's

Financing

Papa Johns is reportedly weighing a buyout offer, again

 By Jonathan Maze on Mar. 12, 2026

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

 By Jonathan Maze on Feb. 26, 2026

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.

Food

Papa Johns' Pan Pizza upgrade took several years to perfect

By Patricia Cobe on Jan. 30, 2026

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.

Financing

Papa Johns, shifting away from company restaurants, sells 85 locations to a franchisee

By Jonathan Maze on Nov. 25, 2025

The pizza chain completed a “strategic refranchising” of a joint-venture operation in Washington, D.C., and Baltimore to Pie Investments, which will open another 52 locations in the market by 2030.

Financing

Papa Johns starts cutting costs as its sales decline

By Jonathan Maze on Nov. 06, 2025

The fast-food pizza chain’s same-store sales declined 3% last quarter. The company is planning to cut “non-customer-facing” costs and will speed up refranchising.

Food

Papa Johns new pizza format dips into a top trend

By Patricia Cobe on Oct. 02, 2025

Behind the Menu: The chain just launched the Papa Dippa, a pizza cut into strips for easy dunking into four dipping sauces, all packed together in a specially designed box.

Financing

Todd Penegor on his first year as CEO of Papa Johns

By Jonathan Maze on Aug. 27, 2025

A Deeper Dive: Penegor joins the weekly restaurant finance podcast to talk about Papa Johns’ focus on its core pizza, its use of third-party aggregators, technology, artificial intelligence and marketing.

Financing

How pizza chains can save their own delivery business

By Jonathan Maze on Aug. 27, 2025

The Bottom Line: Third-party aggregators have been taking more business away from pizza delivery chains. But Papa Johns CEO Todd Penegor believes they have a crucial tool to get that business going.

Financing

Papa Johns focuses on its pizza, and sales make a comeback

By Jonathan Maze on Aug. 08, 2025

The number of pizzas ordered from the chain increased 6% last quarter, helping drive sales and traffic growth.

Financing

The market for restaurant chains is heating up

By Jonathan Maze on Jun. 12, 2025

The Bottom Line: A pair of firms are reportedly making a play for Papa Johns, and Bojangles is apparently on the market again. Buyers appear eager to take on certain types of restaurant chains.

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