Papa John's International, Inc. Investigation Initiated: Levi & Korsinsky Investigates the Officers and Directors of Papa John's International, Inc. (PZZA)

NEW YORK CITY, NY / ACCESS Newswire / August 11, 2026 / Levi & Korsinsky notifies investors that it has commenced an investigation into Papa John's International, Inc. ("Papa John's International, Inc.") (NASDAQ:PZZA) concerning potential violations of the federal securities laws.

Papa John's International shares dropped after the Company's second quarter 2026 operating update disclosed North American comparable sales down 8.3%, revenue of $482.4 million (down 8.8% year-over-year), a reduction in full-year adjusted EBITDA guidance, and the suspension of the quarterly dividend.

On the August 7, 2025 second quarter earnings call, Chief Executive Officer Todd Allan Penegor told investors, "we've successfully returned the company to positive comparable sales and transaction growth in North America." Chief Financial Officer Ravi Thanawala reported total revenues for that quarter of $529 million, an increase of 4%. One year later, revenue came in at $482.4 million and North American comparable sales were down 8.3%.

Full-year adjusted EBITDA guidance was reduced to $180-$190 million from $200-$210 million -- a cut of approximately $20 million at the midpoint. The quarterly dividend was suspended.

If you suffered a loss on your Papa John's International, Inc. securities and would like to explore a potential recovery under the federal securities laws, Learn More About the Investigation or contact Joseph E. Levi, Esq. via email at [email protected] or call (212)363-7500 to speak to our team of experienced shareholder advocates.

WHY LEVI & KORSINSKY: Over the past 20 years, Levi & Korsinsky LLP has established itself as a nationally-recognized securities litigation firm that has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. The firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services' Top 50 Report as one of the top securities litigation firms in the United States. Attorney Advertising. Prior results do not guarantee similar outcomes.

CONTACT:

Levi & Korsinsky, LLP

Joseph E. Levi, Esq.

Ed Korsinsky, Esq.

33 Whitehall Street, 27th Floor

New York, NY 10004

[email protected]

Tel: (212)363-7500

Fax: (212)363-7171

SOURCE: Levi & Korsinsky, LLP