Papa John's

Financing

Third-party delivery has become a huge sales driver at Papa Johns

The pizza chain, which outperformed its largest competitors last quarter, now gets 15% of its sales from companies like DoorDash and Uber Eats.

Leadership

Papa Johns appoints two new board members

The pizza chain appointed former executives from Dollar General and Home Depot as directors to support its long-term growth plan.

The pizza chain’s same-store sales were unexpectedly weak last quarter. The company blamed the problem on aggressive pricing by franchisees.

The pizza chain is acquiring restaurants from a franchisee, believing that operating its own locations in the market will improve sales over the long term.

The kitchen is the centerpiece of the pizza chain’s new Atlanta headquarters, which makes sense. Innovation has been the centerpiece of the chain’s comeback.

The pizza chain will help franchisees with construction services in a bid to spur more growth, saying its unit economics warrant a better pace of development.

The pizza chain collaborated with mega-snack company Frito-Lay on a cool flavor extension for its signature Papadia.

The fast-food pizza chain signed a deal with PJP Investments to develop 650 locations in the populous country by 2033. The first location is expected to open in 2024.

Ann Gugino, whom the quick-service pizza chain hired in 2020, resigned as chief financial officer this week. The company said that it is searching for a replacement.

The pizza delivery chain also said that it is buying out most of the shares owned by Smith's hedge fund, Starboard Value.

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