Papa John’s backs FY24 adjusted operating income view $153M-$163M

The company said, “Papa Johns announced its Back to Better 2.0 growth strategy and international transformation initiatives earlier this year, which include a focus on deepened marketing investments, new franchisee incentives to accelerate North America development and optimizations to transform the brand’s international presence. As the Company continues to execute on these initiatives, it remains on track to achieve Adjusted Operating Income1 in 2024 between $153 million and $163 million. Additionally, the Company expects net unit growth for North America to increase more than 20% relative to 2023 net unit openings and anticipates International gross openings to be between 100 and 140 new International restaurants.”