Papa John's

PZZA · EST. 1984 · Louisville, Kentucky

+ CompareFDD notes
US UNITS3,377+1.5% YOY
GLOBAL UNITS5,600
AUV (US)$940K
INVESTMENT RANGE$130K–$844K
FRANCHISED %90%

01The Read

Pizza delivery chain emphasizing better ingredients and quality

FIG 1 — US UNIT COUNT, 2019–2025

SOURCE: QSR PRO ESTIMATES

02Our Coverage

Shipley Signs a Three-Store Cincinnati Agreement With the KoettingsSep 15, 2026Papa Johns’ revenue decline reflects refranchising and weaker store salesSep 15, 2026The 2026 QSR Real Estate Bidding War: Too Many Chains Chasing Too Few A-SitesMar 25, 2026Starbucks' Turnaround Paradox: Traffic Is Up, But 420 Basis Points of Margin Just VanishedMar 25, 2026Oil Price Shock Hits Restaurant Supply Chains: $100 Crude Sends Food-Away-From-Home Costs SurgingMar 24, 2026Little Caesars Launches Four-N-One Stix as Pizza Chains Race to Own the Shareable Snacking CategoryMar 24, 2026
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