Papa John's to close 300 restaurants as it moves to cut costs and boost growth

February 27, 2026

TL;DR

Papa John's will close 300 restaurants by the end of 2027.
The closures are aimed at cutting costs and closing underperforming locations.
Some locations are being closed because they are not meeting expectations or lack a clear path to financial improvement.
200 locations will be shut down by the end of 2024.
Papa John's reported flat revenues of $2.1 billion for 2025 and shrinking profits.
The company's stock has fallen 31% over the last year.
Papa John's also reduced its corporate workforce by 7%.

Continue reading the original article