Papa Johns plans to open over 1,350 stores in China

[Shotgunner51]

And the coast is not standing still.

I guess the data refers to 2020? The year was when Covid took its biggest toll on China economy, particularly on the developed regions along the coast. Macau is an extreme example showing magnitude of such impact, GDP cut by more than half versus previous year. Not sure when the coast can bounce back to pre-pandemic levels but definitely not standing still.

 

[Mista]

I guess the data refers to 2020? The year was when Covid took its biggest toll on China economy, particularly on the developed regions along the coast. Macau is an extreme example showing magnitude of such impact, GDP cut by more than half versus previous year. Not sure when the coast can bounce back to pre-pandemic levels but definitely not standing still.

View attachment 807008

Macau is heavily dependent on tourism. But even with COVID cutting tourism to near zero, Macau's GDP per capita is still around 30k+. Not too bad.

 

[Cheehg]

I don't call American pizza"pizza", they are just thick pit bread with topping.

 

[Hamartia Antidote]

They can't beat Pizza Hut which has become synonymous with pizza in China.

They are already in China...been there since 2004ish

June 24, 2015

Team USA

Some retail chains Americans would be surprised knowing they have such a large international presence Dunkin' Donuts - Wikipedia, the free encyclopedia "Dunkin' Donuts is an American global doughnut company and coffeehouse chain ...the company has grown to become one of the largest coffee and...

defence.pk

Some retail chains Americans would be surprised knowing they have such a large international presence

Pizza Hut - Wikipedia, the free encyclopedia
"Pizza Hut is an American restaurant chain and international franchise, known for pizza and side dishes. It is now corporately known as Pizza Hut, Inc. and is a subsidiary of Yum! Brands, Inc., the world's largest restaurant company.
In 2012, the company had more than 6,000 Pizza Hut restaurants in the United States, and 5,139 store locations in 94 other countries and territories worldwide."

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Domino's Pizza - Wikipedia, the free encyclopedia

"Domino's Pizza Inc. (simply known as Domino's) is an American restaurant chain and international franchise pizza delivery corporation...Domino's is the second-largest pizza chain in the United States (after Pizza Hut) and the largest worldwide, with more than 10,000 corporate and franchised stores in 70 countries"

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Some retail chains Americans would be surprised knowing they have such a large international presence

Papa John's Pizza - Wikipedia, the free encyclopedia
"Papa John's Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world"

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Some retail chains Americans would be surprised knowing they have such a large international presence

Little Caesars - Wikipedia, the free encyclopedia
""Little Caesars is the third largest pizza chain in the United States, behind Pizza Hut and Domino's Pizza"

Also California Pizza Kitchen

Photo of California Pizza Kitchen (黃埔天地美食坊) (Hung Hom) - Lucky Queen

California Pizza Kitchen (黃埔天地美食坊) in Hung Hom Hong Kong

www.openrice.com

 

[retaxis]

Pizza hut use to be all you can eat here in Aus but now they are mainly fast food take away. When it was all you can eat the BBQ chicken pizza was most popular

 

[FairAndUnbiased]

They are already in China...been there since 2004ish

June 24, 2015

Team USA

Some retail chains Americans would be surprised knowing they have such a large international presence Dunkin' Donuts - Wikipedia, the free encyclopedia "Dunkin' Donuts is an American global doughnut company and coffeehouse chain ...the company has grown to become one of the largest coffee and...

defence.pk

Some retail chains Americans would be surprised knowing they have such a large international presence

Pizza Hut - Wikipedia, the free encyclopedia
"Pizza Hut is an American restaurant chain and international franchise, known for pizza and side dishes. It is now corporately known as Pizza Hut, Inc. and is a subsidiary of Yum! Brands, Inc., the world's largest restaurant company.
In 2012, the company had more than 6,000 Pizza Hut restaurants in the United States, and 5,139 store locations in 94 other countries and territories worldwide."

------------------------------------------------------------------------------------------------

Domino's Pizza - Wikipedia, the free encyclopedia

"Domino's Pizza Inc. (simply known as Domino's) is an American restaurant chain and international franchise pizza delivery corporation...Domino's is the second-largest pizza chain in the United States (after Pizza Hut) and the largest worldwide, with more than 10,000 corporate and franchised stores in 70 countries"

---------------------------------------------------------------------------
Some retail chains Americans would be surprised knowing they have such a large international presence

Papa John's Pizza - Wikipedia, the free encyclopedia
"Papa John's Pizza is an American restaurant company. It runs the third largest take-out and pizza delivery restaurant chain in the world"

---------------------------------------------------------------------------
Some retail chains Americans would be surprised knowing they have such a large international presence

Little Caesars - Wikipedia, the free encyclopedia
""Little Caesars is the third largest pizza chain in the United States, behind Pizza Hut and Domino's Pizza"

Also California Pizza Kitchen

Photo of California Pizza Kitchen (黃埔天地美食坊) (Hung Hom) - Lucky Queen

California Pizza Kitchen (黃埔天地美食坊) in Hung Hom Hong Kong

www.openrice.com

They can be in China all they want, still won't beat Pizza hut or even domestic Chinese pizza chains.

Domino's has been in China longer and are still tiny.

 

[scherz]

New York (CNN Business)Papa Johns is making a big bet on China.

The pizza chain plans to open over 1,350 stores in South China by 2040 in partnership with the Asian private equity firm FountainVest Partners, it said on Friday. The deal will increase Papa Johns current global count by 25%, and marks the largest franchisee development agreement in the pizza company's history.

Pizza companies have lately been expanding their footsteps in the region, where they see an opportunity to boost sales.

Pizza Hut, for example, opened 103 new stores in China in the third quarter. And Domino's (DPZ)CEO Ritch Allison said in October that "with each passing quarter, we become even more confident about the long-term growth potential for the Domino's brand in China." He noted that in the third quarter of 2021, Chinese locations open at least a year grew sales by a percentage in the double-digits -- way better than in the United States, where sales fell in the third quarter.

Late last year, Papa Johns CEO Rob Lynch pointed to China as fertile ground for growth for his company, as well.


Papa Johns has a "huge development opportunity in markets where we already compete, but are much less penetrated," compared to the competitors, Lynch said at the time. "I would offer China as an example,"

Papa Johns (PZZA) has also been expanding into other regions. In November, the company announced plans to open 60 restaurants in Kenya in Uganda in the coming years along with franchise partner Kitchen Express. Over the summer, it expanded its partnership with its largest franchise, Drake Food Service International, with plans to open 220 restaurants globally, including in the UK and Latin America, by 2025.

The "partnership with FountainVest marks another major milestone in achieving Papa Johns global growth potential," Lynch said in a statement on Friday.

The move follows a rebrand undertaken by Papa Johns last year, when the company dropped the apostrophe in "Johns" and updated its log and store designs.

https://www.cnn.com/2022/01/07/business/papa-johns-china-expansion/index.html

Be carefull, that they don't open one up in Xing Jiang, else, they support Uigure Mass Instinction!

 

[Globenim]

American bots on even days: China is being isolated. Capital is fleeing China and companies are moving out. China on the verge of collapse. China poor. China starving. America numba one!

American bots on odd days: This random seemingly American company nobody really cares about is setting up shop in China and claims to have like a million customers and sold their like millionth product now and Americans believe thats a big number. America numba one!