Papa John's Customers Are Trading Down to Cheaper Pizzas -- Market Talk

Dow Jones

05/07

0842 ET - Inflation-weary consumers are trimming their pizza orders, trading down to smaller non-speciality pies and skipping sides of garlic knots. Comparable sales across Papa John's North American stores fell 6.4% during the recent quarter, hurt by declining orders and lower new customer acquisitions, CEO Todd Penegor says on a call with analysts. While the company's core pizza business remains resilient, Penegor notes a propensity for consumers nowadays to trade down to cheaper options, as well as forgo sides and desserts. "Our two largest opportunities to gain share are building on our improved value perception and leveraging our rebuilt innovation pipeline to win new customers, elevate our pizza order mix to more-premium pizzas, drive add-ons, and expand our total addressable market," he says. Papa John's is off 4% premarket. (connor.hart@wsj.com)

(END) Dow Jones Newswires

May 07, 2026 08:42 ET (12:42 GMT)

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Comparable sales across Papa John's <a href=\"https://laohu8.com/S/FNCSF\">North American</a> stores fell 6.4% during the recent quarter, hurt by declining orders and lower new customer acquisitions, CEO Todd Penegor says on a call with analysts. While the company's core pizza business remains resilient, Penegor notes a propensity for consumers nowadays to trade down to cheaper options, as well as forgo sides and desserts. \"Our two largest opportunities to gain share are building on our improved value perception and leveraging our rebuilt innovation pipeline to win new customers, elevate our pizza order mix to more-premium pizzas, drive add-ons, and expand our total addressable market,\" he says. Papa John's is off 4% premarket. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 08:42 ET (12:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Papa John's Customers Are Trading Down to Cheaper Pizzas -- Market Talk</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nPapa John's Customers Are Trading Down to Cheaper Pizzas -- Market Talk\n</h2>\n\n<h4 class=\"meta\">\n\n\n<div class=\"head\" \">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Dow Jones </p>\n<p class=\"h-time\">2026-05-07 20:42</p>\n</div>\n\n</div>\n\n\n</h4>\n\n</header>\n<article>\n<font class=\"NormalMinus1\" face=\"Arial\">\n<p>\n     0842 ET - Inflation-weary consumers are trimming their pizza orders, trading down to smaller non-speciality pies and skipping sides of garlic knots. Comparable sales across Papa John's <a href=\"https://laohu8.com/S/FNCSF\">North American</a> stores fell 6.4% during the recent quarter, hurt by declining orders and lower new customer acquisitions, CEO Todd Penegor says on a call with analysts. While the company's core pizza business remains resilient, Penegor notes a propensity for consumers nowadays to trade down to cheaper options, as well as forgo sides and desserts. \"Our two largest opportunities to gain share are building on our improved value perception and leveraging our rebuilt innovation pipeline to win new customers, elevate our pizza order mix to more-premium pizzas, drive add-ons, and expand our total addressable market,\" he says. Papa John's is off 4% premarket. (connor.hart@wsj.com) \n</p>\n<p>\n  (END) Dow Jones Newswires\n</p>\n<p>\n  May 07, 2026 08:42 ET (12:42 GMT)\n</p>\n<p>\n  Copyright (c) 2026 Dow Jones &amp; Company, Inc.\n</p>\n</font>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"CUBI","symbol_name":"Customers Bancorp Inc.","start_time":0,"source_url":"https://dowjonesnews.com/newdjn/logon.aspx?AL=N","article_id":"2633147631","we_media_id":"106","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2633147631","pubTimestamp":1778157720,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Dow Jones","introduction":"Dow Jones publishes the world’s most trusted business news and financial information in a variety of media.","home_visible":0,"id":"106","head_image":"https://static.tigerbbs.com/150f88aa4d182df19190059f4a365e99"},"summary":"0842 ET - Inflation-weary consumers are trimming their pizza orders, trading down to smaller non-speciality pies and skipping sides of garlic knots. Comparable sales across Papa John's North American stores fell 6.4% during the recent quarter, hurt by declining orders and lower new customer acquisitions, CEO Todd Penegor says on a call with analysts. While the company's core pizza business remains resilient, Penegor notes a propensity for consumers nowadays to trade down to cheaper options, as well as forgo sides and desserts. \"Our two largest opportunities to gain share are building on our improved value perception and leveraging our rebuilt innovation pipeline to win new customers, elevate our pizza order mix to more-premium pizzas, drive add-ons, and expand our total addressable market,\" he says. Papa John's is off 4% premarket. ","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"CUBI":"Customers Bancorp Inc.","LU2065731478.USD":"ALLSPRING (LUX) WORLDWIDE FUND - SMALL CAP INNOVA \"I\" (USD) ACC","PZZA":"棒约翰","BK4211":"区域性银行","BK4209":"餐馆","LU0353189680.USD":"富国美国全盘成长基金Cl A Acc","LU0353189763.USD":"ALLSPRING  US ALL CAP GROWTH FUND \"I\" (USD) ACC","LU2087625088.SGD":"ALLSPRING  US ALL CAP GROWTH \"A\" (SGDHDG) ACC"},"translate_title":"棒约翰的顾客正在转向更便宜的披萨——市场讨论","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"PZZA":1.5,"CUBI":1.5},"content_text":"0842 ET - Inflation-weary consumers are trimming their pizza orders, trading down to smaller non-speciality pies and skipping sides of garlic knots. Comparable sales across Papa John's North American stores fell 6.4% during the recent quarter, hurt by declining orders and lower new customer acquisitions, CEO Todd Penegor says on a call with analysts. While the company's core pizza business remains resilient, Penegor notes a propensity for consumers nowadays to trade down to cheaper options, as well as forgo sides and desserts. \"Our two largest opportunities to gain share are building on our improved value perception and leveraging our rebuilt innovation pipeline to win new customers, elevate our pizza order mix to more-premium pizzas, drive add-ons, and expand our total addressable market,\" he says. Papa John's is off 4% premarket. (connor.hart@wsj.com) \n\n\n  (END) Dow Jones Newswires\n\n\n  May 07, 2026 08:42 ET (12:42 GMT)\n\n\n  Copyright (c) 2026 Dow Jones & Company, Inc.","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":true,"editions":null,"column":"","sentiment":"-1","news_tag":"","news_rank":0,"isVideo":false,"video":null,"symbols":[],"gpt_button":0,"need_auth":true,"need_login_tip":false,"code":"91000000","status":"200"}}}