Papa Johns closing hundreds of locations
(CNN, KYMA) - Papa Johns is closing hundreds of restaurants after a tough quarter.
On Thursday, the company said about 300 underperforming North American locations will shut down by the end of 2027. About 200 of those closures are expected this year.
Executives say the affected stores are not meeting brand expectations or lack a clear path to profitability. It is also cutting about 7% of its corporate workforce.
Papa Johns operated about 35,000 locations at the end of last year.
