A securities class action has been filed on behalf of Papa John’s International shareholders who purchased or otherwise acquired common stock between Aug. 7, 2025, and Aug. 5, 2026. Wolf Haldenstein Adler Freeman & Herz LLP said investors who suffered losses may be eligible to participate, with the lead-plaintiff deadline set for Nov. 2, 2026. The complaint alleges that Papa John’s made materially false or misleading statements about the effectiveness of its strategic transformation and North American growth outlook while understating risks from cautious consumers, competition, promotional seasonality and broader economic conditions. Papa John’s reported an 8.3% decline in North American comparable sales in its second-quarter 2026 results, reduced its fiscal 2026 outlook and suspended its quarterly dividend. Its shares fell $5.11, or 17.18%, to close at $24.64 on Aug. 6, 2026, after CEO Todd Allan Penegor said the transformation was taking longer than expected.