Papa John's climbs after CEO emphasizes turnaround focus

Papa Johns International

06/11/2025 15:42

** Shares of Papa John's PZZA.O up 5.28% at $43.44

** Pizza chain is focusing on executing strategy to drive value, including cost cuts and menu innovation, says CEO Todd Penegor during post-earnings call

** Also says if there were an alternative to the company's strategy, management and the board would "fully consider it"

** PE firm Apollo Global APO.N withdrew offer to take PZZA private at $64 a share on concerns about consumer sentiment

** Stock fell around 4% in premarket trading after co cut FY25 outlook, citing weaker North America sales and higher costs

** Seven out of 17 analysts rate stock "buy" or higher, 10 rate it "hold"; median PT at $50 – data compiled by LSEG

** Shares up 4.1% YTD, including session moves

(Reporting by Tharuniyaa Lakshmi in Bengaluru)

((tharuniyaa@thomsonreuters.com))