Papa John’s Failures Can Be Measured in the Double Digits
Photo Credit: Papa John's Chief Executive Officer Steve Ritchie (L) speaking with an employee. Papa John's
Skift Take
It's a long way back for the pizza chain, which should first focus on making its former CEO go away before winning back customer approval.
As expected, Papa John’s third-quarter sales plummeted in the wake of a very public clash with former CEO and founder John Schnatter.
The pizza chain reported a total loss of $13 million on Tuesday, along with a year-over-year 15.7 percent decline in revenue. System-wide sales in North America were also down almost 10 percent, while international same-store sales declined 3.3 percent.
“Third quarter results continue to reflect the brand challenges we have faced this year and were exacerbated by the negative impact
