Papa John’s is opening up shop in India... finally... again.
Papa John’s is still planning to reenter India after delaying its plans, Reuters reported Friday.
The American pizza chain said in 2023 that it would open 650 stores in India over the next 10 years. It has yet to open any, but a company spokesperson told Reuters that it will open its first restaurants in the world’s most populous country this year.
Papa John’s first entered the Indian market in 2006, but exited in 2017. Its top competitors, Pizza Hut (owned by Yum! Brands) and Domino’s, have maintained a presence in India.
Papa John’s has had a rough past year: it has reported declining same-store sales and its stock price is down more than 40% over the past year.
The American pizza chain said in 2023 that it would open 650 stores in India over the next 10 years. It has yet to open any, but a company spokesperson told Reuters that it will open its first restaurants in the world’s most populous country this year.
Papa John’s first entered the Indian market in 2006, but exited in 2017. Its top competitors, Pizza Hut (owned by Yum! Brands) and Domino’s, have maintained a presence in India.
Papa John’s has had a rough past year: it has reported declining same-store sales and its stock price is down more than 40% over the past year.
