Papa John's Signs Domestic Development Deal With Sun Holdings

by Shivani Kumaresan, Benzinga Staff Writer
September 29, 2021 8:29 AM | 1 min read |
  • Papa John's International Inc PZZA has signed a franchisee development agreement with Sun Holdings, Inc. The financial terms of the deal were not disclosed.
  • Under the terms of the deal, Sun Holdings will oversee the opening of 100 new stores in high-growth markets across Texas by 2029.
  • Dallas-based Sun Holdings, founded by Guillermo Perales, currently supports more than 1,000 locations across 12 states.
  • "Papa John's development flywheel has started to take off," said Chief Development Officer Amanda Clark.
  • Price Action: PZZA shares closed lower by 2.70% at $125.19 on Tuesday.
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