Papa John's International Inc forecast better-than-feared North American sa...
- Papa John’s International Inc forecast better-than-feared North American same-store sales on Tuesday, as the U.S. pizza chain’s investments on rebranding following its months-long spat with founder John Schnatter pay off.
“We’re going to be very focused on getting traffic, moving back in the right direction because we donated a lot of share in 2018, and we certainly want to get that share back over a period of time”, Chief Executive Officer Steve Ritchie said on conference call with analysts. The company has blamed the negative publicity for denting sales and has taken steps to improve its public image by removing Schnatter’s image from promotional materials and pizza boxes.
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