Papa John’s lowers FY25 adjusted EBITDA view to $190M-$200M from $200M-$220M

Lowers FY25 system-wide sales view to up 1%-2% from up 2%-5%. Backs FY25 capital expenditures $75M-$85M. “As we execute our transformation strategy, we are also strengthening our competitiveness in strategic markets and developing a world-class technology platform to differentiate the customer experience. Concurrently, we are taking action to remove non-customer facing costs from the business and build a more nimble, efficient organization. We have identified substantial savings, and we expect to identify additional efficiency opportunities as our review progresses. Papa Johns is a strong brand with a healthy balance sheet, and I’m confident that the work underway will position us to drive sustainable, profitable growth and create value for our customers, franchisees, and shareholders,” Penegor added.