Pizza chain Papa John's said it plans to close hundreds of underperforming restaurants in North America by the end of next year."We have identified approximately 300 underperforming restaurants across North America that are not meeting brand expectations or lack a clear path to sustainable financial improvement, as well as locations where we can effectively transfer sales to a nearby restaurant," Papa John's Chief Financial Officer Ravi Thanawala said last week during the company's fourth-quarter earnings call.Thanawala described the locations as being primarily franchise-owned, more than a de...
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