Papa John's

PZZA

Market cap $1.1B

Papa John's International Inc (NASDAQ:PZZA) was downgraded to 'Underperform' from 'Neutral' by Bank of America, with analysts citing the company's chief financial officer's departure, persistent competitive pressures and a less optimistic outlook for same-store sales growth (SSSG). The brokerage lowered its price objective to $34 from $42, in line with current levels, and reduced its earnings forecasts, writing that former CFO Ravi Thanawala's departure "suggests rapid SSSG turn unlikely.

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Futures are trading lower as we get ready for the start of second-quarter earnings this week, after a solid winning week on Wall Street.

Papa John's International, Inc. (NASDAQ:PZZA) shares slipped in after-hours trading following news that Chief Financial Officer Ravi Thanawala will step down, effective immediately.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa Johns announces CFO transition.

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa Johns announces Q2 earnings call details.

EDMONTON, Alberta, June 16, 2026 (GLOBE NEWSWIRE) -- Papa Johns Canada and the Canadian Hockey League (CHL) proudly announced Griffin Seafoot of Kamloops, British Columbia, as the recipient of the Champions of Tomorrow Scholarship during the championship game of the 2026 Memorial Cup presented by Kubota on May 31. Seafoot was honoured on ice and awarded the $25,000 scholarship.

Papa Johns follows through on plans to close 300 stores, targeting franchise-owned locations generating less than $600,000 in annual sales by 2027.

As underperforming franchise locations are phased out, the chain laid off 7 percent of it's corporate workforce.

More than three months after it announced plans to close hundreds of restaurant locations this year, Papa Johns International appears to have already made significant reductions to its national footprint.