Papa Johns' Sales Keep Dropping. Can the New CEO's 5-Step Plan …

1 day ago · Papa Johns saw its North America same-store sales decline in Q3 2024 by 6% from the same period in 2023, suggesting that the brand hasn’t kept up with consumer demand for …

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Papa Johns' Sales Keep Dropping. Can The New CEO's 5-Step Plan …

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1 day ago · Papa Johns saw its North America same-store sales decline in Q3 2024 by 6% from the same period in 2023, suggesting that the brand hasn’t kept up with consumer demand for …

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How Papa Johns Plans To Boost Margins, Store-level Profitability

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Jan 10, 2024 · By contrast, Papa Johns’ incentive is marketing-based and won’t raise costs for the chain since it already has $20 million set aside for marketing. On average, new restaurants …

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Papa Johns’ Prices Are Driving Some Customers Away

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Aug 3, 2023 · New York CNN —. Consumers are pulling back on discretionary spending, and Papa Johns is taking a hit. Sales at North American locations open at least a year fell 1% in the quarter ending on June ...

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Papa Johns' Sales Took A Big Hit Last Quarter

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Nov 7, 2024 · The earnings results sent Papa Johns stock down 4% on Thursday. Papa Johns earlier this year named Penegor to replace the departed Rob Lynch. The company is already …

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Despite Slight Sales Drop, Papa Johns' Optimism Doesn't Flinch

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Nov 3, 2022 · Yet, Lynch remains optimistic about the pizza chain’s outlook. Global systemwide sales were up 0.5 percent year-over-year to $1.2 billion in Q3, which is on top of 11 percent …

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Even After Record Sales, Papa Johns Sees Plenty Of Upside Ahead

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May 5, 2023 · But more broadly, Lynch sees “a ton of upside on operating margin.”. In 2019, Papa Johns’ average unit volume systemwide was about $900,000. Today, it’s closer to $1.2 million. …

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Analysis: How Papa Johns Is Accelerating Growth

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May 17, 2022 · That follows record sales during the same period last year, amounting to 28.1% same-store sales growth on a two-year basis, Restaurant Business noted. In a statement, …

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Papa John's (PZZA) Reports Q4 Business Update, Sales Rise Y/Y

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Papa John's International, Inc. PZZA provided an update on its business for the fourth quarter and financial year 2023. ... global system-wide sales amounted to about $5.0 billion, indicating a …

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FAQs about Papa Johns' Sales Keep Dropping. Can the New CEO's 5-Step Plan … Coupon?

Does Papa Johns have a new marketing strategy?

The second phase of this initiative is a “three-legged stool” that includes changes to its marketing investment, development strategy and supply chain model, Lynch said. Papa Johns will activate a new marketing strategy this year, which includes a $20 million investment, Lynch said. ...

Does Papa Johns have a 'back to better operations' initiative?

Getting back to the second part of Papa Johns’ path—keeping customers—the chain introduced a “back to better operations” initiative across company stores in 2022’s final quarter. ...

How does Papa John's 'back to better' work?

The two prong approach emphasizes retaining value-oriented eaters with promotions like Mix & Match, while gaining higher-income customers by partnering with UberEats. Papa John's is upping its investment in North America as well, part of its Back to Better 2.0 plan announced at the conference. ...

Does Papa Johns have a back to better 2.0?

Supply chain improvements, as well as Papa Johns’ development and marketing plans, have already instilled optimism in the chain’s management team. “We’re really excited about the Back to Better 2.0,” Papa Johns CFO Ravi Chanawala said during ICR. ...

Does Papa Johns have a development incentive?

To encourage more development, Papa Johns identified underserved and untapped markets in North America and created a development incentive to provide higher restaurant-level EBITDA margins during the first five years of operation. Franchisees that build new restaurants this year can waive their national marketing fund contributions. ...

Will Papa Johns launch a new strategy in 2024?

This will help Papa Johns activate a new strategy in 2024, Lynch said, based on a review of the brand’s 2023 creative and media efforts. The company said it identified opportunities to improve audience selection, offer differentiated category solutions, improve marketing return on ad spend, sustain loyalty, and create cultural buzz. ...