Papa John’s is losing a lot of dough… literally! But you will not believe what conclusions the company’s CEO is jumping to after decrease in sales.
According to ESPN, It’s the NFL protest that had devastating effects on his company’s pizza sales stated by founder and CEO “Papa” John Schnatter.
“The NFL has hurt us,” he said. “We are disappointed the NFL and its leadership did not resolve this. Leadership starts at the top, and this is an example of poor leadership.”
“Company executives declined to disclose exactly how much money in projected sales Papa John’s lost from its association with the NFL and declining ratings, which mean fewer people are ordering their product for game days,” Schnatter explains, per ESPN. “Papa John’s stock was down 8.5 percent on Wednesday.”
What are your thoughts? I can tell you twitter had a ball with this story!