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Papa John’s UK Halts Losses After Shuttering 74 Stores

Management cites tight cost controls alongside closures for halting losses, positioning the division for profitability in 2025.

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.