Papa Johns Completes Strategic Refranchising and New Restaurant Development Agreement with Franchisee Chris Patel of Pie Investments

ATLANTA--(BUSINESS WIRE)--Papa John's International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced that it has refranchised restaurants previously owned and operated by Colonel's Limited, LLC, a joint venture between Papa Johns and Steeplechase Express, Inc. Pie Investments, led by Chris Patel, a leading franchisee operator and now one of Papa Johns largest domestic franchise partners, has assumed control of 85 Papa Johns restaurants in the Washington, D.C. and Baltimore m.

Business Wire • Nov 25, 2025

Papa Johns Promotes Ravi Thanawala to Chief Financial Officer and President, North America

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (Nasdaq: PZZA) (“Papa Johns”) (the “Company”) today announced that Ravi Thanawala, most recently Chief Financial Officer and Executive Vice President, International, has been promoted to Chief Financial Officer and President, North America, in which role he will lead the Company's North American business, including restaurant operations and development strategies along with his CFO responsibilities. In connection with his appoint.

Business Wire • Nov 18, 2025

Exclusive: Activist investor Irenic builds stake in Papa John's, sources say

Activist investor Irenic Capital Management built a stake in Papa John's during the third quarter, sources familiar with the matter told Reuters on Friday, adding a fresh dimension to mounting speculation about the pizza chain's future.

Reuters • Nov 14, 2025

Papa John's $2.7 Billion Takeover Bid: A Price on Untapped Value

Shares of Papa John's International NASDAQ: PZZA were halted in a volatile trading session after surging over 9% on credible reports of a take-private offer. The bid is reportedly an all-cash offer of $65 per share from TriArtisan Capital Advisors.

MarketBeat • Nov 12, 2025

Papa John's stock higher on go-private report

Papa John's International Inc (NASDAQ:PZZA) shares gained 5% to $43.05 on Monday following a report that the pizza maker is in advanced discussions with TriArtisan Capital to be taken private at $65 per share, according to ABC Money UK, which cited people familiar with the talks.  The potential acquisition price would value Papa John's at $2.7 billion.

Proactive Investors • Nov 10, 2025

Papa John's Is Still A Buy Without A Buyout Offer

Papa John's is undervalued amid a turnaround, with operational improvements and a shift to franchising supporting a buy rating. PZZA faces tough competition from Domino's on value, but is growing traffic and using a barbell strategy to attract both value and premium customers. Menu simplification and refranchising are expected to boost margins and efficiency, despite risks tied to economic weakness and asset sales.

Seeking Alpha • Nov 11, 2025

Papa John's focused on executing its strategy but open to alternatives, CEO says

Papa John's CEO Todd Penegor on Thursday said the U.S. pizza chain is focusing on executing its strategy to drive value, but noted it would consider alternatives if they were available.

Reuters • Nov 6, 2025

Papa John's International, Inc. (PZZA) Q3 2025 Earnings Call Transcript

Papa John's International, Inc. ( PZZA ) Q3 2025 Earnings Call November 6, 2025 8:00 AM EST Company Participants Heather Hollander Todd Penegor - President, CEO & Director Ravi Thanawala - EVP of International & CFO Conference Call Participants Brian Mullan - Piper Sandler & Co., Research Division Andrew Strelzik - BMO Capital Markets Equity Research Tyler Prause Alexander Slagle - Jefferies LLC, Research Division Dennis Geiger - UBS Investment Bank, Research Division James Sanderson - Northcoast Research Partners, LLC Presentation Operator Good day, and thank you for standing by. Welcome to the Papa John's Third Quarter 2025 Conference Call and Webcast.

Seeking Alpha • Nov 6, 2025

Papa Johns Announces Third Quarter 2025 Financial Results

LOUISVILLE, Ky.--(BUSINESS WIRE)--Papa John's International, Inc. (Nasdaq: PZZA) (“Papa Johns®”) (the “Company”) today announced financial results for the third quarter ended September 28, 2025. Highlights Global system-wide restaurant sales were $1.21 billion, a 2%(b) increase compared with the prior year period driven by higher International comparable sales and trailing twelve-month net restaurant growth. North America comparable sales decreased 3% from a year ago as comparable sales from bo.

Business Wire • Nov 6, 2025

Papa John's (PZZA) Q3 Earnings and Revenues Miss Estimates

Papa John's (PZZA) came out with quarterly earnings of $0.32 per share, missing the Zacks Consensus Estimate of $0.4 per share. This compares to earnings of $0.43 per share a year ago.

Zacks Investment Research • Nov 6, 2025