Papa Johns, Pizza Hut Close Stores, Focus on Strong Markets
Cincinnati News Today | 2 Min News | The Daily News Now! · The Daily News Now!
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Show Notes
Papa Johns and Pizza Hut are closing hundreds of underperforming stores in the US and UK, respectively, as part of broader business strategies. Papa Johns plans to shut down around 300 stores by 2027, focusing on stronger markets, while Pizza Hut aims to close 250 locations in the first half of 2026. Both companies are reducing costs, with Papa Johns cutting 7% of corporate staff. The closures primarily affect older, franchisee-owned stores with high operating costs. Despite a slight dip in North American sales, global sales for Papa Johns rose by 1% last year, driven by overseas growth. The impact on specific states like Ohio and Kentucky remains uncertain, as no exact closure lists or timelines have been released.
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