Papa Johns Misses Q1 Targets, Blames Cautious Consumers

Papa Johns misses Q1 targets, reports 4.7% drop in revenue, 6.4% decline in North American comparable sales, and 3% decrease in global system-wide sales. CEO attributes results to cautious U.S. consumers and intense promotions in the quick-service sector. Despite missing targets, the company maintains its full-year outlook, projecting North America comp sales down 2-4%, international up 2-4%, and adjusted EBITDA between $200M and $210M. This underperformance is echoed across the industry, with McDonalds and Dominos also reporting softer numbers due to higher living costs. Support the show:Get a discount at https://solipillow.com/discount/dnn. Advertise on DNN:[email protected] This is an automated, high-level news summary based on public reporting.Report issues to [email protected]. View sources & latest updates:https://sources.thednn.ai/8bf6547dbbcaafe6