Papa John’s International, Inc. (NASDAQ: PZZA) Securities Class Action

USDC – Western District of Kentucky

september 14, 2026

CLASS PERIOD: august 7, 2025 – august 5, 2026
LEAD PLAINTIFF DEADLINE: november 2, 2026

Please complete the form below to contact Kaplan Fox regarding the Papa John’s International class action:

Principal Contacts

About the Papa John’s International class action lawsuit

A securities class action has been filed against Papa John’s International, Inc. (NASDAQ: PZZA) on behalf of investors who purchased or otherwise acquired Papa Johns securities between August 7, 2025 and August 5, 2026 (the “Class Period”). The case, Hale v. Papa John’s International, Inc. et al, was filed in the U.S. District Court for the Western District of Kentucky.

Investors who want to ask the court to appoint them lead plaintiff must do so by November 2, 2026. If you invested in Papa Johns during the Class Period and lost money, contact Kaplan Fox using the form on this page, by emailing pmayer@kaplanfox.com, or by calling (646) 315-9003.

What the lawsuit alleges

The complaint alleges, among other things, that throughout the Class Period defendants disseminated materially false and misleading statements claiming that Papa Johns transformation was working to stabilize and improve the Company’s growth while concealing material adverse facts concerning the true state of Papa Johns’ transformation.

What happened to Papa John’s International stock

On August 6, 2026, according to the complaint, Papa Johns issued its second quarter 2026 financial results, reporting an 8.3% decrease in North American comparable sales, the suspension of its dividend, and a sharp reduction in its 2026 outlook from a 3% decline in North American comparable sales at the midpoint to a 7% annual decline. During the related conference call, CEO Todd Allan Penegor stated that “it’s clear that our transformation is taking longer than expected” and “we must execute better and move faster.” On this news, Papa Johns’ stock price fell $5.11 or 17.18%, to close at $24.64 per share on August 6, 2026, thereby injuring investors.

Who may be eligible

The proposed class includes investors who purchased or otherwise acquired Papa Johns securities between August 7, 2025 and August 5, 2026. If you bought during that period and lost money, you may be a member of the class.

Lead plaintiff deadline: November 2, 2026

A lead plaintiff is an investor the court appoints to represent the class and oversee the case on its behalf. Class members who want to serve in that role must move the court no later than November 2, 2026. You need not seek to become a lead plaintiff in order to share in any possible recovery. If you have losses, contact us to learn more about the lead plaintiff process.

Case updates

• November 2, 2026: Deadline to ask the court to be appointed lead plaintiff.

Frequently asked questions

Do I have to become lead plaintiff to recover?

No. You need not seek to become a lead plaintiff in order to share in any possible recovery.

What if I bought Papa Johns outside the Class Period?

The complaint as filed covers purchases between August 7, 2025 and August 5, 2026. Contact us if you are not sure whether your purchases qualify.

WHY CONTACT KAPLAN FOX?

Kaplan Fox & Kilsheimer LLP is a nationally recognized law firm focused on complex litigation, with offices in New York, Oakland, Los Angeles, Chicago, and New Jersey. Founded in 1956, the firm has spent more than 50 years prosecuting securities, antitrust, and consumer protection actions in federal and state courts nationwide, recovering more than $10 billion for clients and the classes it has represented.

Kaplan Fox is widely regarded as one of the nation’s premier plaintiffs’ securities litigation firms and has received recognition from Chambers and Partners, Benchmark Litigation, Super Lawyers, and Lawdragon. Serving as lead or co-lead counsel in many landmark cases, the firm has secured some of the largest recoveries in the history of securities litigation, including a $2.425 billion recovery on behalf of Bank of America shareholders in In re Bank of America—the largest recovery ever obtained for claims under Section 14(a) of the Securities Exchange Act—$800 million recovered for the Arkansas Teacher Retirement System and other pension funds in ATRS v. Allianz Global Investors, and a $475 million settlement in In re Merrill Lynch.

For decades, Kaplan Fox has represented public pension funds, institutional investors, businesses, and individuals in high-stakes litigation. Through its successful advocacy and precedent-setting victories, the firm has helped shape important areas of securities and corporate law while advancing accountability and protecting investor interests.

This press release may be considered Attorney Advertising in some jurisdictions under the applicable law and ethical rules. Past results do not guarantee future outcomes.

If you have any questions about this Notice, your rights, or your interests, please contact:

CONTACT:

Pamela A. Mayer
KAPLAN FOX & KILSHEIMER LLP
800 Third Avenue, 38th Floor
New York, New York 10022
(646) 315-9003
pmayer@kaplanfox.com

Laurence D. King
KAPLAN FOX & KILSHEIMER LLP
1999 Harrison Street, Suite 1501
Oakland, California 94612
(415) 772-4704
lking@kaplanfox.com