Papa John’s will move its headquarters to the Greater Atlanta market by summer of 2021. According to its announcement, the move is part of a larger transformation of the brand for the next chapter
Papa John’s will provide $2.5M for frontline workers at its corporate restaurants and those working in supply chain, announced the company. A total of 14,000 team members will receive the end-of-year bonus. This follows an earlier bonus that provided targeted increases to some corporate restaurant team members and supply chain associates, including incentives and crisis pay.
Papa John’s will move into a new HQ (headquarters) in Atlanta, Ga. at Three Ballpark Center in The Battery Atlanta, a popular live-work-play development. The announcement marks a milestone in a move that had been announced previously. Three Ballpark Center will be home to Papa John’s groups that work on marketing, communications, customer experience, operations, HR, communications, financial planning and analysis, investor relations, and development functions, in addition to the diversity, equity and inclusion team.
Papa John’s grew revenues 17.1 percent to $472.9M and comp(arable) sales by 23.8 percent year over year during its third quarter of 2020, continuing its latest string of solid sales growth The pizza chain has been focusing on diversifying its menu through new introductions and limited-time offers. What resulted was an increase in ticket and an expansion of sales while growing channels, including third party delivery, where mix has tripled from 2 percent to 6 percent over the last six months, noted executives on a third-quarter earnings call.
Papa John’s named Ann Gugino chief financial officer. She assumes the critical role for the pizza chain from Steve Coke, interim CFO. He will remain in his permanent post as VP, Investor Relations & Strategy. Gugino arrives as the chain seeks new corporate offices in Greater Atlanta—a search that should be completed by year’s end.
Papa John’s will move its headquarters (HQ) to Greater Atlanta by summer of 2021. According to its announcement, the move is part of a larger transformation of the brand for the future. Underway is a strategic reorganization of corporate functions, expected to be completed by next summer. This reorganization will not impact store operations personnel nor the current location of its quality control centers (QCCs).
