PZZA

Papa John's International, Inc. operates as a pizza restaurant company, primarily through franchised and company-owned locations across more than 50 countries and territories. Headquartered in Louisville, Kentucky, the company was founded in 1984 and has grown to encompass approximately 5,900 restaurants worldwide as of 2024. Papa John's generates revenue through four primary channels: retail sales at company-owned restaurants, franchise royalties and fees, commissary sales to franchisees, and marketing fund contributions. The company positions itself in the quality-focused segment of the quick-service restaurant pizza category, emphasizing its "Better Ingredients. Better Pizza." brand positioning. The business model relies heavily on franchising, with over 90% of global locations operated by franchisees, allowing for capital-efficient expansion while maintaining brand standards through proprietary commissary and quality control centers. Papa John's operates approximately 11 domestic commissaries and seven international quality control centers that manufacture dough and distribute ingredients. Recent strategic initiatives include expanding digital ordering capabilities, enhancing loyalty programs, and pursuing international growth opportunities in emerging markets. The company competes primarily with Domino's Pizza, Pizza Hut, and other quick-service restaurant chains, while also facing competition from regional pizza operators and broader fast-casual dining alternatives.