Papa John's Announces Acquisition Of Restaurants Previously Operated By The M25 Division Of Drake Food Service In UK; Financial Terms Not Disclosed
Portfolio Pulse from Benzinga Newsdesk
Papa John's has acquired 91 restaurant locations in the UK previously operated by the M25 Division of Drake Food Service. The company plans to implement operating model enhancements to improve sales and profitability.
June 05, 2023 | 9:03 am
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Papa John's acquires 91 UK restaurants, aiming to improve sales and profitability through operating model enhancements.
The acquisition of 91 UK restaurant locations will expand Papa John's market presence in the region. The planned operating model enhancements, including revenue management capabilities, product and technological innovation, and operational efficiencies, are expected to improve sales and restaurant-level profitability, which could positively impact the stock price in the short term.
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