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-0.00015959653994705 -3.19193079893738E-05 -0.00239394809920521 0.000829902007724443 -0.000287273771904727 -0.000287273771904727 -0.000287273771904727 -0.000287273771904727
Stock impact report

Papa John's Has a New, Old Potential Buyer [Yahoo! Finance]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: Yahoo! Finance
Papa John's Has a New, Old Potential Buyer - Moby BREAKING NEWS Qatari-backed fund called Irth Capital Management has bid to take Papa John's private at $47 a share, which would value the chain at roughly $1.5 billion and represents a 50% premium to where PZZA was trading before word got out, per the Wall Street Journal. Papa John's shares jumped 19% Wednesday on the news. The 50% premium tells you everything you need to know about how bad things have gotten at Papa John's. This is a company whose stock peaked above $140 in 2021 and has been on a slow, greasy slide ever since. Last month it announced it would be closing hundreds of domestic stores, cutting menu items, and trimming corporate headcount. North American same-store sales are expected to fall this year. Domino's has been eating Papa John's lunch for years, Pizza Hut's owner Yum Brands is reportedly looking to offload that brand too, and the broader pizza category is losing ground to Mexican food and, somehow, coffee Show less Read more
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