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Papa Johns is closing 300 locations (www.cnn.com)
submitted 8 months ago by to c/economics@lemmy.world
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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.

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[–] 6 points 8 months ago (2 children)

I worked at Laser Quest for years and there was a PJ’s in the parking lot. When we would order birthday pizzas, they would always bring us a staff pie, usually cheese. Super nice gesture but after a few months I couldn’t even look at their pies, for years after I quit, without mentally tasting that cup of garlic grease and pepperoncini. 🤢🤮

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