Papa John's Launches New Oven-Toasted Sandwiches Starting at $7.99
Written by Emily J. Thompson, Senior Investment Analyst
Updated: Mar 30 2026
0mins
Should l Buy PZZA?
Papa Johns announced the debut of its new Oven-Toasted Sandwiches. The Oven-Toasted Sandwich lineup includes: Philly Cheesesteak: Seasoned steak, roasted onions and peppers, pizza ranch, and white American cheese. Chicken Bacon Ranch: All white meat grilled chicken, bacon, diced tomatoes, banana peppers, pizza ranch, and white American cheese. Steak & Mushroom: Seasoned steak, loaded with roasted mushrooms and onion, garlic truffle sauce and white American cheese. Oven-Toasted Sandwiches are available for $7.99 or customers can pair two or more for $6.99 each through Papa Pairings. Starting at $9.49, guests can also bundle an Oven-Toasted Sandwich with any Pepsi-Cola beverage.
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Analyst Views on PZZA
Wall Street analysts forecast PZZA stock price to rise
9 Analyst Rating
3 Buy
6 Hold
0 Sell
Moderate Buy
Current: 35.530
Low
42.00
Averages
49.14
High
60.00
Current: 35.530
Low
42.00
Averages
49.14
High
60.00
About PZZA
Papa John’s International, Inc. operates and franchises pizza delivery and carryout restaurants and, in certain international markets, dine-in and delivery restaurants under the trademark Papa Johns. The Company operates through four segments. Its Domestic Company-owned restaurant segment consists of the operations of all domestic Company-owned restaurants; the North America commissaries segment comprises approximately 11 full-service regional dough production and distribution quality control centers in the United States; the North America franchising segment consists of franchise sales and support activities, and International operations segment principally consists of distribution sales to franchised Papa John’s restaurants located in the United Kingdom and its franchise sales and support activities. The Company operates approximately 6,030 Papa John’s restaurants in operation, consisting of 552 Company-owned and 5,478 franchised restaurants operating in 51 countries and territories.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
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- Limited-Time Promotion: The pizza will be available from April 6 to May 24 at participating locations nationwide, designed to stimulate consumer purchasing desire through a limited-time offer, thereby increasing brand visibility.
- Flavor Innovation: Featuring a creamy spinach Alfredo sauce, grilled chicken, and fresh-cut Roma tomatoes, the pizza combines familiar flavors to meet consumer demands for comfort and freshness, enhancing customer satisfaction.
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- Sales Challenges: Despite the new product launch, Papa John's reported a 5.4% decline in North American comparable sales for Q4, significantly worse than the consensus estimate of a 4.3% decline, highlighting competitive pressures in the fast-food sector.
- Profitability Decline: The company's latest quarterly results revealed a $0.29 per share drop in profitability, despite cost efficiency measures, indicating ongoing challenges to its earnings capacity.
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See More
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- New Menu Category: Papa Johns introduces its Oven-Toasted Sandwiches, aiming to extend its 'better ingredients' promise into a new menu category, marking a significant step in the brand's evolution beyond pizza and expected to attract more consumers.
- High-Quality Ingredients: Each sandwich features high-quality meats, melty white American cheese, and all-new signature sauces, ensuring a rich flavor experience in every bite, thereby enhancing the brand's competitiveness in the fast-food market.
- Pricing Strategy: Priced at $7.99 each, customers can also opt for two or more sandwiches at $6.99 each through Papa Pairings, aiming to attract more customers to try the new offerings through promotional pricing.
- Brand Strategy: This launch is not just a new menu item but a significant statement about Papa Johns' future direction, indicating its pursuit of higher flavor and quality leadership in the fast-food industry.
See More
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- Industry Performance Decline: The restaurant sector has seen a 2.5% decline over the past six months, contrasting sharply with the S&P 500's 2.5% gain, indicating significant challenges that could undermine investor confidence in the sector.
- Shake Shack Financial Struggles: With a market cap of $3.97 billion, Shake Shack's operating margin stands at a mere 2.4%, below the industry average, suggesting management's shortcomings in cost control and investment opportunities, which may hinder future growth prospects.
- Papa John's Sales Decline: Papa John's, valued at $1.17 billion, is projected to experience a 6.1% sales decline over the next 12 months, alongside a 3.3 percentage point drop in operating margin, reflecting weak market demand that could impact its long-term profitability.
- El Pollo Loco Weak Demand: El Pollo Loco, with a market cap of $415.8 million, anticipates only 1.5% sales growth in the coming year, and its smaller revenue base indicates insufficient market competitiveness, suggesting a need for pricing and marketing strategy adjustments to stimulate demand.
See More
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- New Product Launch: Papa Johns Canada introduces the Spinach Alfredo Chicken Tomato Pizza at a price of $18.99, offering a unique alternative to traditional tomato-based pizzas, aimed at attracting consumer interest and boosting sales.
- Limited-Time Promotion: The pizza will be available from April 6 to May 24 at participating locations nationwide, designed to stimulate consumer purchasing desire through a limited-time offer, thereby increasing brand visibility.
- Flavor Innovation: Featuring a creamy spinach Alfredo sauce, grilled chicken, and fresh-cut Roma tomatoes, the pizza combines familiar flavors to meet consumer demands for comfort and freshness, enhancing customer satisfaction.
- Brand Philosophy: Papa Johns emphasizes the use of high-quality ingredients, committed to delivering a superior pizza experience, further solidifying its position as the world's third-largest pizza delivery company.
See More
Pizza Industry Faces Challenges and Bankruptcy Wave
- Sales Decline: According to Technomic data, the pizza industry faced significant challenges in 2024, with 61% of pizza chains experiencing declining sales, reflecting a shift in consumer preferences, particularly towards frozen pizzas, indicating intensified market competition.
- Bankruptcy Filing: Gina Maria's Pizza filed for Chapter 7 bankruptcy on March 26, 2025, with liabilities nearing $2.9 million and assets of only about $64,000, highlighting its dire financial situation and intent to liquidate rather than restructure, impacting the local dining market.
- Restaurant Closures: Gina Maria's Pizza abruptly closed all four of its Twin Cities locations in October 2025 without prior notice, reflecting increasing industry pressures and a decline in consumer tolerance for mediocre pizza, leading to a loss of market share for the brand.
- Changing Market Trends: Surveys indicate that consumer expectations for pizza are rising, with a greater emphasis on digital ordering and innovative menus expected in the future, necessitating rapid adaptation by the industry to meet evolving consumer demands, especially in a highly competitive market.
See More
Papa Johns Launches Pizza Miles Reward Program for Carryout Customers
- Pizza Miles Reward Program: Papa Johns has launched the Pizza Miles initiative to encourage carryout orders, offering $4 in Papa Dough for Papa Rewards members who place qualifying orders of $10 or more from April 3 to 5, thereby enhancing customer loyalty and increasing carryout sales.
- Customer Value Return: With Pizza Miles, Papa Johns provides tangible value to loyal customers, allowing them to enjoy delicious pizza while earning discounts on future orders, which strengthens the interaction between the brand and its customers.
- Market Competitive Advantage: This initiative aims to counteract the impact of high gas prices on dining out, as Papa Johns attracts more customers to choose carryout by providing additional economic incentives, thus boosting market share and sales.
- Reinforcement of Brand Philosophy: Papa Johns emphasizes its commitment to “Better Ingredients, Better Pizza,” and through high-quality ingredients and innovative customer reward mechanisms, it further solidifies its position as the world's third-largest pizza delivery company.
See More
Papa John's Launches Oven-Roasted Sandwiches to Expand Menu
- Menu Expansion Strategy: Papa John's has launched new oven-roasted sandwiches, including Philly cheesesteak, chicken bacon ranch, and steak and mushroom, priced at $7.99 each or two for $6.99, aimed at attracting new customers and enhancing brand image.
- Sales Challenges: Despite the new product launch, Papa John's reported a 5.4% decline in North American comparable sales for Q4, significantly worse than the consensus estimate of a 4.3% decline, highlighting competitive pressures in the fast-food sector.
- Profitability Decline: The company's latest quarterly results revealed a $0.29 per share drop in profitability, despite cost efficiency measures, indicating ongoing challenges to its earnings capacity.
- Positive Investor Reaction: The introduction of the new menu has encouraged investors, driving shares up by 1.7% and ending a three-day losing streak, reflecting market confidence in the brand's transformation efforts.
See More
Papa Johns Launches New Oven-Toasted Sandwiches
- New Menu Category: Papa Johns introduces its Oven-Toasted Sandwiches, aiming to extend its 'better ingredients' promise into a new menu category, marking a significant step in the brand's evolution beyond pizza and expected to attract more consumers.
- High-Quality Ingredients: Each sandwich features high-quality meats, melty white American cheese, and all-new signature sauces, ensuring a rich flavor experience in every bite, thereby enhancing the brand's competitiveness in the fast-food market.
- Pricing Strategy: Priced at $7.99 each, customers can also opt for two or more sandwiches at $6.99 each through Papa Pairings, aiming to attract more customers to try the new offerings through promotional pricing.
- Brand Strategy: This launch is not just a new menu item but a significant statement about Papa Johns' future direction, indicating its pursuit of higher flavor and quality leadership in the fast-food industry.
See More
