PZZA - Papa John's To See Sustainable International Net Unit Growth In 2025 Analyst Highlights 'Strategic Closures' | Benzinga
Piper Sandler analyst Brian Mullan reiterated a Neutral rating on Papa John’s International, Inc. (NASDAQ:PZZA), with a price target of $67.
The analyst notes that PZZA franchisees in North America have historically had to contribute 8% of sales toward marketing, of which 5% was allocated towards national marketing, and the remaining 3% went towards local marketing.
However, as a part of Back to Better 2.0, franchisees will now be required to contribute 6% to the National marketing fund, but at the same time, there will no longer be an obligation to participate in local marketing.
Net-net management noted that franchisee P&Ls should receive a 200 ...