Papa John’s shares are trading lower despite reporting better-than-expected Q2 results, weighed by revenue decline, ongoing North America weakness, a dividend suspension, and a reduced guidance for comparable sales and adjusted EBITDA.

Papa John's International, Inc.

Papa John's International, Inc.

PZZA

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Papa John’s shares are trading lower despite reporting better-than-expected Q2 results, weighed by revenue decline, ongoing North America weakness, a dividend suspension, and a reduced guidance for comparable sales and adjusted EBITDA.