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Stock impact report

Papa Johns hopes this nostalgia-inducing pizza brings people back [CNN]

Wendy's Company (The) (WEN) 
Last wendy's company (the) earnings: 2/26 07:00 am Check Earnings Report
Company Research Source: CNN
The former has posted eight consecutive quarters of sales declines and might be on the block . The latter is in the midst of an extensive turnaround effort to lure customers back after a dismal two years. Part of that effort for Papa Johns is bringing back the Pan Pizza, a menu item it hasn't offered in a decade. “The pandemic burned people out on so much pizza to a degree,” said Robert Byrne, senior director of consumer research for Technomic. In its place, customers, especially younger eaters, are turning to “interesting” cuisines, like fried chicken or specialty drinks. Pizza is also no longer the go-to when it comes to delivery. The rise in recent years of third-party delivery apps, like DoorDash or Uber Eats, has allowed customers to browse and select different cuisines, he added. That's all caused trouble for the major pizza chains. Sales are expected to be flat this year, remaining at $31 billion for 2025, according to Technomic. For consumers, price supersedes qualit Show less Read more
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