Overview
- About 200 of the targeted locations will close in 2026, with the rest by 2027, and the company has not released a store list.
- The closures focus on restaurants that are primarily franchise-owned, more than a decade old, and generating average unit volumes under $600,000, with some sales intended to shift to nearby outlets.
- Papa John’s expects at least $25 million in non‑marketing cost savings through 2027, including roughly $13 million this year.
- The company will accelerate refranchising to reduce company-owned stores to a mid‑single‑digit share and projects 180–220 gross new openings across markets in 2026.
- North America same‑store sales fell 5.4% in the fourth quarter, and management now guides a 2%–4% decline for 2026 as it simplifies the menu by phasing out Papadias and Papa Bites.