Operations
Picture: Papa Johns
February 26, 2026
Papa Johns posted same-store gross sales declines of 5% throughout This autumn 2025 in North America. The model, co-headquartered in Louisville, Kentucky, and Atlanta, Georgia, may also shut 300 underperforming eating places, in response to Ravi Thanawala, Papa Johns CFO and North America president throughout an earnings name Thursday.
Thanawala mentioned the eating places are greater than 10 years previous and weigh in at lower than $600,000 in gross sales.
International system-wide gross sales have been $4.92 billion. That is a 1% improve over 2024.
The model additionally reported:
- North American gross sales decreased 2%.
- U.S. company-owned shops recorded a 3% gross sales lower, whereas franchised models in North America have been down 2%.
- Internationally, gross sales elevated 5%.
- Papa John’s opened 279 eating places in 2025, together with 96 in North America and 183 worldwide models.
- Revenues have been flat — weighing in at $1.2 billion — in comparison with 2024.
Within the fourth quarter, world system-wide restaurant gross sales have been down 1% at $1.23 billion.
Different reported fourth-quarter earnings included:
- Comparable gross sales decreased 5%.
- Firm-owned eating places decreased 6% in North America.
- Interntional restaurant gross sales elevated 6%.
- The model opened 143 eating places within the fourth quarter breaking right down to 41 home opening and 101 worldwide openings.
- Revenues decreased 6% to 498 million in comparison with the fourth quarter 2024.
A press launch with the earnings assertion mentioned the model is re-energized by the launch of its Pan Pizza.
“On the finish of January, we launched our Pan Pizza platform,” Todd Penegor, CEO of Papa Johns, mentioned in the course of the earnings name. “Following in depth culinary analysis and improvement, our groups have crafted an elevated, differentiated Pan Pizza expertise utilizing our premium substances and that includes our signature sauce, a 6-cheese artisan mix, and a fluffy, smooth inside with a crispy garlic parmesan crust.
“Pan Pizza fills an vital menu hole for us and raises the bar on a nostalgic sort of pizza that we all know our prospects love. Whereas early, Pan Pizza combine is performing above expectations, and we plan to construct momentum off the Pan Pizza launch, driving trial and consciousness of this excellent product. We’re additionally excited to broaden Pan Pizza into a number of precedence Worldwide markets within the coming months.”
