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 | |
|---|---|---|---|
| Low end of range | $261,165 | $281,485 | +$20,320 (+7.8%) |
| High end of range | $853,365 | $890,267 | +$36,902 (+4.3%) |
| Full range | $261,165–$853,365 | $281,485–$890,267 |
The 2026 filing puts the Item 7 estimated initial investment at $281,485–$890,267, versus $261,165–$853,365 in the 2025 filing. The low end moves by +$20,320 (+7.8%) and the high end moves by +$36,902 (+4.3%).
| 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.