SHAREHOLDER ALERT: Levi & Korsinsky, LLP Notifies Investors It Has Filed a Complaint to Recover Losses Suffered by Purchasers of Papa John's International, Inc. Common Stock and Sets a Lead Plaintiff Deadline of November 2, 2026

NEW YORK, Sept. 03, 2026 (GLOBE NEWSWIRE) -- The following statement is being issued by Levi & Korsinsky, LLP:

To: All persons or entities who purchased or otherwise acquired common stock of Papa John’s International, Inc. (“Papa Johns” or the “Company”) (NASDAQ: PZZA) between August 7, 2025, and August 5, 2026, inclusive. You are hereby notified that the class action lawsuit Hale v. Papa John’s International, Inc., et al. (Case No. 3:26-cv-00685) has been commenced in the United States District Court for the Western District of Kentucky. To get more information go to:

https://zlk.com/investigations/pzza-investigation-submission-form

or contact Joseph E. Levi, Esq. either via email at jlevi@levikorsinsky.com or by telephone at (212) 363-7500. There is no cost or obligation to you.

According to the complaint, defendants provided overwhelmingly positive statements to investors while, at the same time, disseminating materially false and misleading statements and/or concealing material facts concerning the true state of Papa Johns’ transformation; notably, that it was “taking longer than expected,” and ultimately was unable to prevent further market share losses. Papa Johns ultimately required a significant shift in strategy toward a sharp increase in promotional efforts to abate the Company’s declining competitive position.

On August 6, 2026, Papa Johns announced 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. The Company attributed its strategic shift and guidance reset on the soft consumer trends and the execution of Papa Johns’ own turnaround efforts, admitting they were unable to “meet the consumer as much as [they] should have,” and the rebuilt innovation pipeline was “not bringing in as many new customers” as had been expected.

On this news, the price of Papa Johns’ common stock declined dramatically. From a closing market price of $29.75 per share on August 5, 2026, Papa Johns’ stock price fell to $24.64 per share on August 6, 2026, a decline of about 17.18% in the span of just a single day.

“Our firm is committed to ensuring that investors receive full compensation for losses caused by corporate misrepresentations,” said Joseph E. Levi, a partner at Levi & Korsinsky. “We encourage PZZA shareholders to step forward before the November 2, 2026 deadline so we can pursue justice on their behalf.”

If you suffered a loss in PZZA common stock, you have until November 2, 2026 to request that the Court appoint you as lead plaintiff. Your ability to share in any recovery doesn’t require that you serve as a lead plaintiff.

WHY LEVI & KORSINSKY: Over the past 20 years, the team at Levi & Korsinsky has secured hundreds of millions of dollars for aggrieved shareholders and built a track record of winning high-stakes cases. Our firm has extensive expertise representing investors in complex securities litigation and a team of over 70 employees to serve our clients. For seven years in a row, Levi & Korsinsky has ranked in ISS Securities Class Action Services’ Top 50 Report as one of the top securities litigation firms in the United States.

CONTACT:
Levi & Korsinsky, LLP  
Joseph E. Levi, Esq. 
Ed Korsinsky, Esq. 
33 Whitehall Street, 27th Floor 
New York, NY 10004 
jlevi@levikorsinsky.com  
Tel: (212) 363-7500 
Fax: (212) 363-7171 
www.zlk.com