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How Papa Johns plans to play with the big boysHow Papa Johns plans to play with the big boys

An in-depth analysis of the chain’s earnings from senior editor Joanna Fantozzi

Holly Petre, Assistant Digital Editor

August 8, 2022

 

Welcome to First Bite, a Nation’s Restaurant News podcast, your daily source of news from NRN hosted by Holly Petre.

Today, we’re analyzing Papa Johns latest quarterly earnings call and its impact on the company’s business.

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.

About the Author

Holly Petre

Assistant Digital Editor

Holly Petre is a digital editor for Nation’s Restaurant News as well as the host of NRN’s podcast, Extra Serving, and producer for Informa Restaurant and Food Group’s other three podcasts, One On One by Food Management, Off the Shelf with SN and In the Kitchen with Bret Thorn. Holly holds a Bachelor of Fine Arts with a concentration in Sculpture, fibers and Material Studies and Ceramics from the School of the Art Institute of Chicago. A native New Yorker, Holly enjoys her place on staff as the resident pop-culture expert and millennial with a sassy attitude and great sense of style.

Holly Petre’s work on Nation’s Restaurant News and Restaurant Hospitality often covers marketing and trends, either aimed-at or examined-through the millennial mindset. Holly is responsible for introducing TikTok and Twitch to NRN and RH readers as well as explaining terms like “Karen” to staff and readers alike. She also spends her time on staff trying not to make every headline a pun.

Holly Petre hasn’t spoken at any events or on panels, but she is readily available with a killer shoe wardrobe and several witty quips.

 

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