Core Insights - Apollo Global has withdrawn its proposal to take Papa John's private at $64 per share due to signs of weakening consumer spending and early strains in the quick-service restaurant sector [1][2] - Earlier in 2025, Apollo and Irth Capital Management had made a joint offer of just over $60 per share before Apollo submitted a solo offer in early October [2] - Papa John's is scheduled to report its third-quarter results on November 6, 2025 [2] Financial Performance - In Q2 2025, Papa John's reported sales of $529.2 million, reflecting a 4% increase from the same quarter last year [3] - However, net income fell nearly 23% year-on-year to $9.7 million, impacted by higher general and administrative expenses, management incentive compensation, and increased food and labor costs [3] Company Overview - Papa John's operates nearly 6,000 restaurants across about 50 countries and territories, co-headquartered in Atlanta, Georgia, and Louisville, Kentucky [4]