#30: Papa John’s
How Many Stores Closing: ~62
Current Value of the Business: ~$1.1 billion*
Papa John’s has announced plans to close roughly 60 underperforming restaurants as part of a broader effort to optimize its North American footprint. The closures are tied primarily to weaker-performing franchise locations and markets where sales have not met long-term expectations.

Company leadership has said the move is intended to strengthen unit economics and support healthier franchise operations. Papa John’s continues to focus on digital ordering, loyalty programs, and international expansion while trimming parts of its domestic store base that are no longer sustainable.
