The 2026 Papa John's FDD moves the Item 7 estimated initial investment range from $261,165–$853,365 to $281,485–$890,267, and the system grows from 3,291 to 3,294 outlets year-over-year. Both filings include an Item 19 financial performance representation.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| STANDARD RESTAURANT AND SMALL-TOWN RESTAURANT — low end | $261,165 | $281,485 | +$20,320 |
| STANDARD RESTAURANT AND SMALL-TOWN RESTAURANT — high end | $853,365 | $890,267 | +$36,902 |
| STANDARD RESTAURANT AND SMALL-TOWN RESTAURANT — full range | $261,165–$853,365 | $281,485–$890,267 | |
| NON-TRADITIONAL RESTAURANT — low end | $111,000 | $125,000 | +$14,000 |
| NON-TRADITIONAL RESTAURANT — high end | $403,915 | $423,302 | +$19,387 |
| NON-TRADITIONAL RESTAURANT — full range | $111,000–$403,915 | $125,000–$423,302 |
Matching the same franchise format across both filings, STANDARD RESTAURANT AND SMALL-TOWN RESTAURANT moves from $261,165–$853,365 to $281,485–$890,267 and NON-TRADITIONAL RESTAURANT moves from $111,000–$403,915 to $125,000–$423,302.
| 2025 FDD | 2026 FDD | Change | |
|---|---|---|---|
| Total outlets (Item 20) | 3,291 | 3,294 | +3 (+0.1%) |
Papa John's reports 3,294 outlets in the 2026 FDD, versus 3,291 in the 2025 filing (+3 (+0.1%)).
Papa John's included an Item 19 financial performance representation in both the 2025 and 2026 filings.
Year-over-Year comparison is included with the $19 Workspace when available.