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Stock impact report

30-year-old pizza chain closes all restaurants except one [Yahoo! Finance]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: Yahoo! Finance
While pizza remains a popular and affordable option for Americans opting to eat out or get takeout, competition in the space has never been tougher. Consumers have the option to get cheap pizza from chains like Domino's, Papa John's, and Marco's, which puts pressure on pizzerias that offer a more traditional full-priced experience. In addition, the overall economy has not helped. "In the last 5 years, food and labor costs for the average restaurant have each gone up 35%. The other expenses for running a restaurant – the building, supplies, credit card processing fees – are also going up quickly. Restaurant owners generally try to keep menu prices as low as possible – making an average of 3-5% pre-tax margin," the National Restaurant Association shared. Pizza Marketplace also shared some data from a recent Restaurant365 study. "Food cost increases also surpassed expectations, with 91% of respondents reporting a rise, up from the 82% who had expected increases at the start of Show less Read more
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