Papa Johns is the latest pizza chain to close hundreds of locations following a tough quarter as customers pull back on spending.
The company revealed during Thursday’s earnings call that approximately 300 underperforming restaurants in North America will close by the end of 2027, with about 200 of them shuttering this year.
The affected restaurants are those “not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant,” said Ravi Thanawala, Papa Johns chief financial officer and president of the chain’s North America operations.
The economy is getting worse and worse, people are living paycheck to paycheck. Eating out simply isn’t in the budget for many of us the way it used to be. Never mind Papa Johns is on the BDS list and there are plenty of other (better imo) places to get pizza.