10 Largest Pizza Chains in the World

4. Papa John’s

Number of locations: 5,589

Papa John’s International, Inc. (NASDAQ:PZZA), doing business as Papa John’s Pizza is a leading pizza restaurant chain co-headquartered in Louisville, Kentucky, and Atlanta, Georgia. As of September 25, 2022, there were 5,589 Papa John’s restaurants in operation, consisting of 521 Company-owned and 5,068 franchised restaurants operating in 47 countries and territories.

Papa John’s International, Inc. (NASDAQ:PZZA) generated a total revenue of $511 million and a net income of $8.3 million during the quarter ended September 25, 2022. It also added 18 new restaurants to its chain globally, with 240 to 260 net units expected to be added during 2022.

Papa John’s International, Inc. (NASDAQ:PZZA) currently has a market capitalization of $3.22 billion. As of Q3 2022, its shares were held by 22 hedge funds with a total value of $342 million. Jeffrey Smith’s Starboard Value LP was its largest hedge fund shareholder with ownership of 2.8 million shares valued at $193 million.