PZZA - Papa John's International set to launch new restaurants in Cambodia

Papa John's International ([[PZZA]] -0.5%) says it plans to open 15 new restaurants in Cambodia over the next three years. This follows the recent store opening in Phnom Penh in late March."We are very excited to bring Papa John's global brand to Cambodia. Papa John's Cambodia’s team is truly passionate about pizza," says Peter Xu, Papa John’s Cambodia franchisee. Xu holds Papa John’s franchise restaurants in New York City prior to becoming an international franchisee. Brazil, Japan and Southeast Asia are counted next in the company's global expansion plan. Recently, BMO Capital Markets starts off coverage on Papa John's International with an Outperform rating and slots Domino's Pizza with a Market Perform rating.

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Papa John's International set to launch new restaurants in Cambodia