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Stock impact report

Papa John's Has More Problems Than Just Its Founder [The Motley Fool]

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: The Motley Fool
The blame game misses the larger point that the brand is losing ground on consumer preference. Papa John's International ( NASDAQ:PZZA ) tried to place the blame for the pizzeria's terrible second-quarter earnings report on founder, ex-CEO, and former board Chairman John Schnatter, who resigned last month following publication of comments that were taken as racially insensitive. CEO Steve Ritchie said in a conference call with analysts that the pizzeria's woes go all the way back to last year, when Schnatter blamed the National Football League's handling of player protests for the pizza joint's lackluster sales. Papa John's was the NFL's official pizza sponsor at the time, a position it gave up earlier this year. Image source: Getty Images. However, as Schnatter noted in a statement he put out following the earnings release, Papa John's International's deteriorating condition predates either of these controversies, as same-store sales began falling in mid-201 Show less Read more
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