How Papa Johns plans to play with the big boys

August 08, 2022 00:06:27
How Papa Johns plans to play with the big boys
First Bite
How Papa Johns plans to play with the big boys
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Hosted By

Holly Petre

Show Notes

The momentum Papa Johns has seen throughout the pandemic is waning, according to the company’s latest earnings. The pizza restaurant chain saw 0.9% same-store sales growth in North America but an 8% drop internationally, due in large part to a challenging quarter in the U.K.

 

The biggest news was that Papa Johns took a 7-8% price increase in 2022 amid inflationary concerns while not rolling out value deals systemwide.

 

But the chain is confident that through growth and category ubiquity, sales will rise again even amid a recession.

 

Here’s NRN senior editor Joanna Fantozzi with an in-depth analysis of the earnings call.

 

Plus, catch up on all the top news of the day with our daily news recap at the beginning of each episode.

 

Be sure to subscribe to First Bite wherever you get your podcasts or on CastosSpotify, or Apple Podcasts.

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