Over the past few months, consumers across the country have scaled back their spending on fast food, which has significantly impacted Papa Johns' sales.

In Papa Johns' ( PZZA ) first-quarter earnings report for 2025, it revealed that its U.S. comparable sales declined by 3% year-over-year.

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During an earnings call on May 8, Papa Johns CEO Todd Penegor said that the wallet of the consumer remains "challenged" and highlighted that increased competition is also impacting sales.

Related: Papa Johns struggles to recover from concerning customer behavior

"As we look at consumer confidence, it does remain challenged amid the economic and market volatility ," said Penegor. "We're all talking about it. We all see it. We

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