Restaurant Dive (Industry Dive)

Papa Johns Will Close 300 Restaurants

Papa Johns announced it will shutter 300 underperforming North American restaurants by the end of 2027, targeting sites that generate less than $600,000 in annual sales and typically post negative four‑wall earnings. The closures are part of a broader transformation that includes a 7% corporate workforce reduction and a push to become more asset‑light through refranchising. The company expects to close 200 locations this year while still opening 40‑50 new units. Similar closure strategies have been employed by Pizza Hut, signaling sector‑wide consolidation.