Papa John's up after reports of edging to find new owners

Papa Johns International

15/04/2026 16:21

** Shares of Papa John's International PZZA.O up 5% at $36.76

** Pizza giants Papa John’s and Yum Brands YUM.N , owner of Pizza Hut, are edging closer to selling to new owners as stiff competition, rising input costs and softer consumer demand weigh on performance, citing people familiar with the matter

** Both companies are actively negotiating separate deals, giving management teams time to rethink their strategies and business models, according to sources

** Last month, Papa John's was offered $47 a share from Qatari-backed investment fund Irth Capital

** Including session moves, stock down ~13% YTD

 (Reporting by Koyena Das from Bengaluru)

 ((Koyena.das@thomsonreuters.com))