Papa John's Signs Domestic Development Deal With Sun Holdings

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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