Papa John's has reported a decline in its second-quarter revenue to $507.894 million, missing consensus estimates. Despite this, the company's earnings per share exceeded expectations at 61 cents. The pizza chain has closed a net of 31 locations as part of its strategic plans. In an effort to boost future success, Papa John's is focusing on digital loyalty programs, aiming to convert occasional customers into regulars through aggressive marketing, discounting, and menu innovation. Additionally, the company has appointed Todd Penegor, former CEO of Wendy's, as its new CEO.