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Stock impact report

Can Papa John's Turn Things Around With a Cash Infusion and a New Chairman? [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
Can Papa John's Turn Things Around With a Cash Infusion and a New Chairman? In the hypercompetitive restaurant industry, the last thing a chain needs is a public relations black eye and subsequent pullback in advertising activity. That's what happened to pizza chain Papa John's ( NASDAQ:PZZA ousting founder and former CEO John Schnatter It would be easy to simply blame Schnatter for Papa John's struggles as of late, and there's no doubt the pizza company's image has suffered as a result. Activist investor Starboard Value thinks the chain can rebound, and backed that up with a recent investment and a couple of additions to the board of directors. The fact is, though, that Papa John's woes are from external factors as much as from internal ones. Another turnaround story in the making? Papa John's fourth-quarter 08 preliminary results sum up the type of stretch the company has been having. Comparable-store sales (a combination of average store foot traffic and guest ticket size) fell 8.% Show less Read more
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