Popular pizza chain Papa John’s will close hundreds of “underperforming” stores over the next two years, the company’s executives said during a Q4 earnings call last week.
“We have identified approximately 300 underperforming restaurants across North America that are 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,” Papa John’s CFO Ravi Thanawala said during the Feb. 26 call.
Papa Johns executives described the closures as “strategic,” allowing franchises to redirect resources towards “operational excellence.” According to Thanawala, the majority of the closures will take place in 2026, with approximately 100 closures planned for 2027.
Jobs 2 hours agoDeerfield-based Walgreens to layoff hundreds in ‘difficult' decision: Report
Chatham Feb 27Longtime Chicago dry cleaner in iconic building closing after decades
Papa John’s cited high food costs and labor inflation over the last two years as part of the reason for the closures. It wasn’t immediately clear which restaurants across North America would shutter.
Thanawala went on to say that Papa John’s will also “reduce menu complexity” as part of its effort to streamline operations, including eliminating Papadias and Papa Bites from North American menus.
According to the company, the closures account for approximately 21% of its global sales. Approximately seven percent of its corporate workforce was also expected to be eliminated.
The carry-out and delivery pizza chain has hundreds of locations across the U.S., including nearly 70 stores in Illinois. According to its website, Papa John’s has dozens for stores in the Chicago suburbs, including the following locations:
Algonquin Aurora Batavia Bloomingdale Bolingbrook Bourbonnais Buffalo Grove Dekalb Elgin Evanston Forest Park Grayslake Harwood Heights Lisle Loves ParkMcHenry Mount Prospect Naperville Niles Ottawa Palatnie Prospect Heights Schaumburg Tinely Park Waukegan West Dundee Wheaton YorkvilleHence then, the article about papa john s to close 300 underperforming restaurants across the u s was published today ( ) and is available on NBC Chicago ( Middle East ) The editorial team at PressBee has edited and verified it, and it may have been modified, fully republished, or quoted. You can read and follow the updates of this news or article from its original source.
Read More Details
Finally We wish PressBee provided you with enough information of ( Papa John's to close 300 ‘underperforming' restaurants across the U.S. )
Also on site :
- As Trump Bombs Iran, America’s Allies Watch Fitfully From Sidelines
- Israel And Hezbollah Exchange Fire As Middle East Conflict Widens
- British military base in Cyprus targeted in suspected drone attack
