0949 ET - Value is the name of the game for restaurant chains in this economic environment, and pizza brand Papa John's International says it's working to improve how consumers perceive what they get for their money. "We all see it. We've seen an intensification on competitive pressures and the promotional cycles," Papa John's says during its analyst call. The chain says it's promoting medium pizzas at sharper prices and more affordable carryout pies. Papa John's North American same-store sales declined 3% in 1Q, but the company kept 2025 expectations for growth. Papa John's surges 12 in early trading. (heather.haddon@wsj.com; @heatherhaddon)
(END) Dow Jones Newswires
May 08, 2025 09:49 ET (13:49 GMT)
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