PAPA JOHNS REINFORCES COMMITMENT TO LOUISVILLE AND WELCOMES 1VISION TO CAMPUS Papa Johns to maintain ownership of corporate hub in Louisville on existing campus; 1Vision completes acquisition of Preferred Marketing Solutions with team remaining at the Louisville Papa Johns Hub LOUISVILLE, KY–(BUSINESS WIRE)– Oct. 26, 2023—Today, Papa John’s International, Inc. (NASDAQ: PZZA) (“Papa Johns” or “Company”) announced it will remain the sole owner of its Louisville campus and will maintain all its current office space, as well as the Papa Johns Quality Control Center – Louisville. In addition, Papa Johns and 1Vision, a leading national provider of marketing services, announced that 1Vision has completed the acquisition of Preferred Marketing Solutions, a subsidiary of Papa Johns, which will continue to operate at the Papa Johns Louisville campus. Papa Johns first shared plans with team members to pursue the sale of its Louisville corporate offices earlier this year to address the evolving workstyles and preferences of its Louisville workforce. By maintaining ownership of its Louisville hub and partnering with 1Vision, more than 550 team members of Papa Johns and 50 team members of 1Vision will remain on the Louisville campus long-term.
For three decades, Preferred Marketing Solutions has been at the forefront of delivering unparalleled marketing solutions. Tailored especially for direct marketers and vast retail corporations, they’ve notably catered to the unique needs of franchisees spread across the US landscape. Their comprehensive product suite spans from promotional items, employee uniforms, and branded apparel to cutting-edge printing, direct mail solutions, and captivating retail signage.
“Louisville has been home to Papa Johns for almost 40 years, and we remain committed to investing in this community,” said Papa Johns CEO Rob Lynch. “As the teams and executives of our IT, supply chain and legal departments continue to be based in our Louisville corporate hub, which will now also become a new home for 1Vision as they expand into the region, we both look forward to maintaining a strong presence in the city.”
“Kentucky has been proud to count Papa Johns among our commonwealth’s leading corporate citizens,” said Kentucky Gov. Andy Beshear. “Today, we welcome 1Vision and we look forward to working with Papa Johns as they build upon their long-standing commitment to Kentucky – from employing thousands of people across the state to helping make Kentucky an even better place to live and work.”
1Vision, one of the fastest-growing printing and marketing solutions companies in the U.S, will be integrating Preferred Marketing’s operations and capabilities into its expanding platform of print, mail and marketing solutions companies. Louisville offers a large fulfillment and mail hub, which will improve 1Vision’s capabilities to service the eastern region of the U.S.
“Preferred Marketing has expertise in providing best-in-class marketing solutions, helping marketers supporting thousands of unique locations to drive foot traffic through digital marketing, direct mail, onsite branded materials and associate apparel,” said Allen Taheri, CEO of 1Vision. “We look forward to continuing our investments in our new Louisville operation, which complements our operations in Denver, Houston, Las Vegas and Jackson, Miss., as we work to bring one of the most compelling retail marketing solutions to the industry.”
Since 2020, when the company moved to a multi-corporate hub model, Papa Johns and the Papa Johns Foundation for Building Community have together invested more than $300,000 in Louisville community organizations, in addition to team member volunteerism and hundreds of in-kind donations of pizza.
“Thank you to Papa Johns for its renewed commitment to our city,” said Louisville Mayor Craig Greenberg. “Papa Johns is a bedrock company within Louisville metro’s food and beverage industry and within the community at large. These headquarters positions are the type of jobs that we want and need in our city, providing good pay and allowing people to advance in their careers.”
About Papa Johns
Papa John’s International, Inc. (NASDAQ: PZZA) opened its doors in 1984 with one goal in mind: BETTER INGREDIENTS. BETTER PIZZA.® Papa Johns believes that using high-quality ingredients leads to superior quality pizzas. Its original dough is made of only six ingredients and is fresh, never frozen. Papa Johns tops its pizzas with real cheese made from mozzarella, pizza sauce made with vine-ripened tomatoes that go from vine to can in the same day and meat free of fillers. It was the first national pizza delivery chain to announce the removal of artificial flavors and synthetic colors from its entire food menu. Papa Johns is co-headquartered in Atlanta, Ga. and Louisville, Ky. and is the world’s third-largest pizza delivery company with more than 5,700 restaurants in approximately 50 countries and territories. For more information about the Company or to order pizza online, visit www.papajohns.com or download the Papa Johns mobile app for iOS or Android.
About T-Enterprises, Inc. and 1Vision
T-Enterprises, Inc. dba 1Vision has developed an integrated network of operations who specialize in delivering marketing solutions to direct marketers, corporate marketing, and franchisor/franchisee organizations. As one of the fastest growing companies in the industry, 1Vision has developed a technology platform that seamlessly automates the personalization of content and routing of orders to any one of its locations in Denver, CO; Houston, TX; Jackson, Miss.; Las Vegas, NV, and now Louisville, KY. 1Vision provides online storefront solutions, wide format – point-of-purchase, promotional products, uniforms, targeted direct mail and innovative digital solutions to help marketers streamline the delivery of these solutions to their constituents. With the acquisition of Preferred Marketing Solutions, 1Vision expands its ability to help franchisors maintain control as they deliver branded services and products to their franchisees – real-time control of inventory, brand standards, order and payment processing, cost, reporting and more. For more information about the Company please visit www.1-vision.com.
Certain matters discussed in this press release and other Company communications that are not statements of historical fact constitute forward-looking statements within the meaning of the federal securities laws. Generally, the use of words such as “expect,” “intend,” “estimate,” “believe,” “anticipate,” “will,” “forecast,” “outlook,” “plan,” “project,” or similar words identify forward-looking statements that we intend to be included within the safe harbor protections provided by the federal securities laws. Such forward-looking statements include or may relate to projections or guidance concerning business performance, revenue, earnings, cash flow, earnings per share, share repurchases, the current economic environment, commodity and labor costs, currency fluctuations, profit margins, net unit growth, unit level performance, capital expenditures, restaurant and franchise development, labor shortages, labor cost increases, inflation, royalty relief, franchisee support, the effectiveness of our menu innovations and other business initiatives, investments in product and digital innovation, marketing efforts and investments, liquidity, compliance with debt covenants, impairments, strategic decisions and actions, dividends, effective tax rates, regulatory changes and impacts, investments in the UK market, adoption of new accounting standards, and other financial and operational measures. Such statements are not guarantees of future performance and involve certain risks, uncertainties and assumptions, which are difficult to predict and many of which are beyond our control. Therefore, actual outcomes and results may differ materially from those matters expressed or implied in such forward-looking statements.
Our forward-looking statements are based on our assumptions which are based on currently available information. Actual outcomes and results may differ materially from those matters expressed or implied in our forward-looking statements as a result of various factors, including but not limited to risks related to: deteriorating economic conditions in the U.S. and international markets, including the United Kingdom; labor shortages at Company and/or franchised stores and our quality control centers; increases in labor costs, commodity costs or sustained higher other operating costs, including as a result of supply chain disruption, inflation or climate change; the potential for delayed new store openings, both domestically and internationally, or lower net unit development due to changing circumstances outside of our control; the increased risk of phishing, ransomware and other cyber-attacks; risks and disruptions to the global economy and our business related to the conflict in Ukraine and other international conflicts; risks related to a possible economic recession or downturn that could reduce consumer spending or demand; and continuing risks related to outbreak of COVID-19 and other health crises. These and other risks, uncertainties and assumptions that are involved in our forward-looking statements are discussed in detail in “Part I. Item 1A. – Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended December 25, 2022, as updated by those included in our Quarterly Report on Form 10-Q for the quarter ended June 25, 2023. We undertake no obligation to update publicly any forward-looking statements, whether as a result of future events, new information or otherwise, except as required by law.
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