Papa John’s suspended its quarterly dividend and cut full-year adjusted EBITDA guidance to $180-$190 million alongside an 8.3% North American comparable-sales decline. Levi & Korsinsky is investigating potential securities law violations on behalf of PZZA shareholders
NEW YORK, Aug. 13, 2026 (GLOBE NEWSWIRE) — Papa John’s International (NASDAQ: PZZA) shares fell after the Company reported second quarter revenue of $482.4 million, down 8.8% from $529.2 million a year earlier, suspended its quarterly dividend, and reduced full-year adjusted EBITDA guidance. If you suffered a loss on your Papa John’s investment, you are encouraged to click here to submit your information. You may also contact Joseph E. Levi, Esq. via email at [email protected] or by telephone at (212) 363-7500.
The operating update disclosed a 5.7% decline in global comparable sales and an 8.3% decline in North American comparable sales. Full-year adjusted EBITDA guidance was reduced to $180-$190 million from $200-$210 million. The Company stated the dividend suspension would redirect capital toward its transformation strategy.
The magnitude of the North American comparable-sales decline stands apart from figures the Company reported in recent quarters, which included North America comparable sales down 5% in Q4 2025 and down 2.7% in Q3 2025 and Q1 2025. In a March 10, 2026 proxy statement, Papa John’s stated it expected cost actions to deliver at least $25 million in enterprise cost savings outside of marketing through 2027, with approximately $13 million expected in 2026. The investigation concerns whether the Company adequately disclosed the scale of deterioration in its North American restaurant operations and the factors affecting its outlook.
Shareholders who lost money on PZZA are encouraged to have their losses reviewed at no cost. You may also reach Joseph E. Levi, Esq. at (212) 363-7500.
ABOUT LEVI & KORSINSKY, LLP — Over the past 20 years, Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders. The firm has extensive expertise in complex securities litigation and a team of over 70 employees. For seven consecutive years, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report.
Frequently Asked Questions About the PZZA Investigation
Q: What is the PZZA securities investigation about?
A: A securities investigation is pending concerning Papa John’s International (NASDAQ: PZZA) regarding whether the Company made materially false or misleading statements concerning its business performance, operating trends, and financial outlook. The investigation follows the Company’s disclosure of an 8.8% revenue decline, an 8.3% decline in North American comparable sales, a reduction in full-year adjusted EBITDA guidance, and suspension of its quarterly dividend, after which shares declined, causing losses for investors.
Q: Who is eligible to participate in the PZZA investigation? A: Investors who purchased PZZA stock or securities and suffered financial losses may be eligible. Eligibility is based on purchase date and documented losses — not on whether you still hold the shares.
Q: Which statements are being investigated as potentially misleading? A: The investigation concerns whether Papa John’s made materially false or misleading statements regarding the health of its North American restaurant operations, its cost-savings program, and its capacity to sustain its quarterly dividend.
Q: What do PZZA investors need to do right now? A: Gather brokerage records including purchase dates, share quantities, and prices paid. Contact Levi & Korsinsky for a free, no-obligation evaluation at [email protected] or (212) 363-7500.
Q: What documents do I need to participate? A: Brokerage statements or trade confirmations showing purchase dates, share quantities, prices paid, and any subsequent sale dates and prices.
Q: What if I already sold my PZZA shares — can I still recover losses? A: Yes. Eligibility is based on when you purchased, not whether you still hold the shares. Investors who bought PZZA and sold at a loss may still participate in the investigation.
Q: What does it cost me to participate? A: There is no upfront cost to participate. Securities investigations and any resulting actions are generally handled on a contingency basis. No upfront fees, no retainer, and no out-of-pocket costs.
Q: Do I need to go to court or give testimony? A: No. Participating in the investigation does not require court appearances or depositions.
CONTACT:
Levi & Korsinsky, LLP
Joseph E. Levi, Esq.
Ed Korsinsky, Esq.
33 Whitehall Street, 27th Floor
New York, NY 10004
Tel: (212) 363-7500
Fax: (212) 363-7171
Attorney Advertising. Prior results do not guarantee similar outcomes.
