Papa John's CEO says company is focusing on executing its strategy
06/11/2025 13:17
NEW YORK, Nov 6 (Reuters) - Papa John's PZZA.O chief executive Todd Penegor on Thursday said the company is currently focusing on the execution of its strategy to drive value but noted it would be open to look at alternatives if they were available. Penegor spoke on the company's earnings call after the pizza chain's revenues missed estimates. He promised a host of improvements, including cost cuts and new side dishes and then addressed what he called "M&A rumors" after Reuters reported this week that a bid to take the company private had been withdrawn. (Reporting by Svea Herbst-Bayliss and Abigail Summerville) ((svea.herbst@thomsonreuters.com; +617 233 2138; Reuters Messaging: svea.herbst.thomsonreuters.com@reuters.net))