What's Next for Papa John's International, Inc. Shareholders After 17.18% Stock Drop? Glancy Prongay Wolke & Rotter LLP Explains Securities Fraud Class Action Lead Plaintiff Deadline

Complaint alleges Papa John's International, Inc. misled investors between August 7, 2025 and August 5, 2026; investors may seek lead plaintiff role by November 2, 2026

LOS ANGELES, Oct. 19, 2026 /PRNewswire/ -- Glancy Prongay Wolke & Rotter LLP ("Glancy") announced today that the class action lawsuit covers investors who bought Papa John's International, Inc. ("Papa John's" or the "Company") (NASDAQ: PZZA) securities between August 7, 2025 and August 5, 2026. The Papa John's International, Inc. case, Hale v. Papa John's International, Inc., et al., was filed on September 2, 2026 in the U.S. District Court for the Western District of Kentucky (Case No. 3:26-cv-00685).

Investors who suffered losses on Papa John's International, Inc. investments can submit their Papa John's International, Inc. loss information here before the November 2, 2026 lead plaintiff deadline.

Key dates in the Papa John's International, Inc. case

• Class period: August 7, 2025 to August 5, 2026
• Complaint filed: September 2, 2026
• Lead plaintiff deadline: November 2, 2026

What happened?

On August 6, 2026, Papa Johns issued its second quarter 2026 financial results, reporting an 8.3% decline in North American comparable sales. The Company also reduced its fiscal 2026 outlook, expecting "global system-wide sales to decline between 2% and 4% compared to last year and adjusted EBITDA between $180 million to $190 million," and suspended its quarterly dividend. 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.

What is the Papa John's International, Inc. lawsuit about?

The Papa John's International, Inc. securities lawsuit alleges that, between August 7, 2025 and August 5, 2026, defendants made materially false and/or misleading statements and failed to disclose material adverse facts about Papa John's International, Inc.'s business, operations, and prospects. Specifically, the complaint alleges defendants failed to disclose that: (1) Defendants created the false impression that they possessed reliable information pertaining to the effectiveness and ongoing impact of the Company's strategic transformation as well as their resulting projected growth outlook for the North American region; (2) Defendants also minimized the risk of cautious consumer sentiment, competition woes, promotional seasonality, and more general macroeconomic fluctuation; (3) In truth, Papa Johns' strategic transformation was taking considerably longer than the projections had suggested and the Company was simply ill equipped to "meet the consumer where they're at;"; and (4) as a result, defendants' positive statements about Papa John's International, Inc.'s business, operations, and prospects were materially misleading and/or lacked a reasonable basis.

"The complaint filed against Papa John's International, Inc. alleges that, among other things, the Company failed to disclose that Defendants created the false impression that they possessed reliable information pertaining to the effectiveness and ongoing impact of the Company's strategic transformation as well as their resulting projected growth outlook for the North American region. For investors who bought during the class period, the November 2, 2026 deadline is the first major step in this case," said Charles H. Linehan, Partner at Glancy Prongay Wolke & Rotter LLP.

What's the next step?

Glancy Prongay Wolke & Rotter LLP is a leading national shareholder rights law firm, ready to assist Papa John's International, Inc. investors in potentially pursuing claims to recover their losses.

If you wish to serve as lead plaintiff in the Papa John's International, Inc. class action, you must move the Court no later than November 2, 2026. To learn more about your rights, visit the Papa John's International, Inc. case page, email [email protected], or call 310-201-9150 (toll-free: 888-773-9224).

You may retain counsel of your choice. If you bought Papa John's International, Inc. securities during the class period, you may take no action and remain an absent class member. No class has been certified yet in the Papa John's International, Inc. case.

Frequently Asked Questions

Who is eligible? Investors who purchased or otherwise acquired Papa John's International, Inc. securities between August 7, 2025 and August 5, 2026 and suffered losses may be members of the proposed class in the Papa John's International, Inc. shareholder lawsuit. Any class member may ask the court to appoint them lead plaintiff by November 2, 2026.

What is a lead plaintiff? In the Papa John's International, Inc. class action, the lead plaintiff is the investor, or group of investors, that the court appoints to represent all class members and oversee the case. Under the Private Securities Litigation Reform Act, courts generally presume the movant with the largest financial interest is the most adequate lead plaintiff.

Do I have to be lead plaintiff to recover? No. A Papa John's International, Inc. investor's ability to share in any future recovery does not depend on serving as lead plaintiff. Papa John's International, Inc. investors may take no action and remain absent class members.

What is the deadline? Motions to serve as lead plaintiff in the Papa John's International, Inc. class action must be filed by November 2, 2026.

Does it cost anything to contact Glancy or participate in this action? Glancy represents Papa John's International, Inc. investors on a contingency fee basis, which means investors pay no attorneys' fees unless there is a recovery. Any fees are subject to court approval and are paid from the recovery.

Can I choose my own lawyer? Yes. Papa John's International, Inc. investors may retain counsel of their choice.

Why work with Glancy on the Papa John's International, Inc. lawsuit? Glancy Prongay Wolke & Rotter LLP is a premier law firm with decades of experience representing investors and consumers in securities litigation and other complex class action litigation. Contact Glancy about the Papa John's International, Inc. lawsuit. Prior results do not guarantee a similar outcome.

About Glancy Prongay Wolke & Rotter LLP

Glancy was named one of Law360's Securities Groups of the Year and ranked second in total investor recoveries by ISS Securities Class Action Services in 2025.

Glancy's successes have been widely covered by leading news and industry publications, including The Wall Street Journal, The Financial Times, Bloomberg Businessweek, Reuters, the Associated Press, Barron's, Investor's Business Daily, Forbes, and Money.

Prior results do not guarantee a similar outcome.

Related links

• Papa John's International, Inc. case page, Glancy Prongay Wolke & Rotter LLP
• Complaint: Hale v. Papa John's International, Inc., et al., U.S. District Court for the Western District of Kentucky
• press release
• Papa John's International, Inc. SEC filings index, EDGAR
• Glancy Prongay Wolke & Rotter LLP

Contact
Charles H. Linehan
Glancy Prongay Wolke & Rotter LLP
1925 Century Park East, Suite 2100
Los Angeles, CA 90067
Email: [email protected]
Telephone: 310-201-9150 | Toll-free: 888-773-9224
www.glancylaw.com

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SOURCE Glancy Prongay Wolke & Rotter LLP