Overview
- The division reported a £21.8m pre-tax loss in 2024 as turnover fell from £95.9m to £88.6m.
- It closed 74 underperforming outlets and opened seven, reducing its UK network from 524 to 457 restaurants.
- Managing director Chris Phylactou said the business is now break-even and expects to record its first UK profit since 2021.
- Papa John’s UK blamed its losses on global disruptions, geopolitical tensions, staffing shortages and rising commodity costs.
- The chain’s strategic retrenchment and tighter cost controls aim to stabilise finances ahead of its targeted 2025 profit return.