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Papa John’s International Inc. (NASDAQ:PZZA) announced Wednesday the appointment of Chris Collins as senior vice president of corporate finance and principal accounting officer. The company stated in a press release that Collins, 55, previously served as vice president of finance and has been with Papa John’s since April 2021.
Collins brings over 30 years of experience in finance roles at public companies in the United States and internationally. Prior to joining Papa John’s, he was vice president of treasury at Signet Jewelers (NYSE:SIG) from 2019 to 2020. He also held financial leadership positions at The Goodyear Tire (NASDAQ:GT) & Rubber Company in the U.S. and Europe, as well as at American Axle (NYSE:AXL) & Manufacturing.
The company noted that Collins previously served as interim principal financial officer and principal accounting officer from March 22, 2023, to July 24, 2023. According to the filing, Collins does not have any direct or indirect material interest in any transaction requiring disclosure under SEC regulations, nor does he have any family relationships or arrangements that require disclosure.
Collins assumed the role of principal accounting officer in connection with his promotion. Ravi Thanawala, chief financial officer and executive vice president, international, who had been serving as principal accounting officer, will continue as the company’s principal financial officer.
This information is based on a statement made in a filing with the Securities and Exchange Commission. The company currently maintains a FAIR financial health score according to InvestingPro metrics, with a strong return over the last three months and a year-to-date price return of 23.4%.
In other recent news, Papa John’s has been the subject of unconfirmed reports regarding a takeover bid by Apollo and Irth Capital, with a proposed offer in the low $60 per share range. Stifel, which maintains a Hold rating and a $38 price target on the stock, stated it cannot verify these reports but noted that such an offer could be attractive under certain bullish conditions. Meanwhile, Papa John’s has introduced a new Croissant Pizza in the UAE, set to expand to nine global markets. The company has also promoted Caroline Miller Oyler to Chief Administrative Officer, a move intended to streamline its business operations.
In terms of financial outlook, Stifel revised its earnings per share forecast for Papa John’s, lowering it to $1.65 for the fiscal year 2025 due to anticipated increases in general and administrative expenses and a higher tax rate. In contrast, Benchmark analyst Todd Brooks reaffirmed a Buy rating with a $50 price target, citing sequential sales improvements and successful marketing strategies. Brooks highlighted that Papa John’s achieved growth in the first quarter of 2025 despite competitive challenges. These developments indicate varied analyst perspectives on the company’s financial health and market strategies.
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