Papa John's

Financing

How pizza chains can save their own delivery business

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

Todd Penegor on his first year as CEO of Papa Johns

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.

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

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.

The quick-service pizza chain debuted the new Croissant Pizza in Dubai before it heads to other global locations. U.S. fans will have to travel to get a taste.

The pizza chain’s same-store sales fell 3% last quarter, but the company is seeing improving results through the current period while transactions turn positive. The company’s stock took off.

The quick-service pizza chain upgraded its Papa Rewards program in November, which the company argues is getting lapsed customers ordering pizzas again.

A media report said an investment fund backed by the Qatar royal family is considering a bid for the pizza chain. The stock is up 30% this week.

The pizza delivery chain is looking for strategies to spend more on local marketing, a year after a shift to national marketing did not generate promised sales results.

The pizza chain’s same-store sales declined again in the fourth quarter, according to preliminary results released Monday. But it reached a key growth milestone last month.

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