Louisville / KY. (pj) Papa John’s International Inc., one of the world’s largest pizza delivery companies, announced financial results for the first quarter ended March 31, 2024. «Our teams are taking a disciplined approach to running the business, improving restaurant-level margins and increasing operating profits despite a challenging environment in the first quarter,» said Ravi Thanawala, Interim Chief Executive Officer and Chief Financial Officer. «More importantly, we’re making meaningful progress on our Back to Better 2.0 and International Transformation initiatives. The foundational improvements we are implementing in our restaurant operations, digital solutions, and marketing platforms are designed to drive sustainable, profitable growth around the globe. We are confident that our consumer-centric focus and drive to increase franchisee profitability will contribute to our long-term success.»
«The Board of Directors has great confidence in the work that is taking place under Ravi and the Papa Johns leadership team,» said Christopher Coleman, Chair of the Board. «This team, which has significant restaurant, digital, and international experience, is executing on our strategy and evolving our business model for the next chapter of growth. Importantly, their strategic execution is driven by their passion and vision for the Papa Johns brand and an unwavering focus on the consumer and our franchisees. Concurrent with the team’s efforts, the Board is conducting a thorough search process for our next Papa Johns CEO to lead this work into the future.»
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20240510-PAPA-JOHNS-Q12024.OTHER TOPICS FROM THIS SECTION FOR YOU:
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