10 shops to open over the next five years
Grupo Nutresa, which purchased PJ Col S.A.S. in 2015 (PJ Col), recently entered into a development agreement to open an additional 28 units during a period of eight years in Medellin, Cartagena and Barranquilla. PJ Col currently operates 29 Papa Johns restaurants throughout Colombia.
Restaurants will be located within the Condado Vanderbilt Hotel in San Juan - Location will feature a traditional STK and STK Beach, an outdoor dining option open for lunch and dinner
Achieved comparable sales growth of 15.9% and strong Adjusted EBITDA margin expansion on a consolidated level