Faruqi & Faruqi, LLP is investigating potential securities claims against Papa John’s International Inc. on behalf of investors who purchased or acquired the company’s securities between August 7, 2025, and August 5, 2026. The federal class action, filed in the United States District Court for the Western District of Kentucky, alleges that Papa John’s and its executives misled investors about the progress of the company’s transformation, which was taking longer than expected and failed to prevent further market share losses. On August 6, 2026, Papa John’s reported an 8.3% decline in North American comparable sales, suspended its dividend and reduced its 2026 outlook from a 3% decline at the midpoint to a 7% annual decline. Shares fell from $29.75 to $24.64, a one-day drop of about 17.18%. Eligible investors have until November 2, 2026, to seek appointment as lead plaintiff, although participation in any recovery does not require that role.