Skip to content
  • fb
  • tw
  • li
TahoNews

TahoNews

Blogging News Site

  • Home
  • World News
  • Travel
  • Layout
    • Full Width No Sidebar
    • Right Sidebar
    • Left Sidebar
  • Contact
  • Toggle search form
The Founder Of Papa John’s Caused 10.5% Drop In Sales To The Company

The Founder Of Papa John’s Caused 10.5% Drop In Sales To The Company

Posted on August 10, 2018March 6, 2020 By Sarah Colin No Comments on The Founder Of Papa John’s Caused 10.5% Drop In Sales To The Company

The Founder Of Papa John’s Caused 10.5% Drop In Sales To The Company

The founder and ex-CEO of Papa John’s, John Schnatter, made a derogatory comment about the racism and has put the company in a hard position by dropping the same-stores sales by 10.5%. the company is not reviving soon from the after effects of the comments. The current CEO of Papa John’s. Steve Ritchie, told in a statement that this is company worst performance till now in any quarter and this also drastically lowered the forecast for the company. He also said that there are some things that cannot be unsaid and that the company’s shareholders and executives are learning form the hard way around.

The company share has also plunged to almost 12% in the aftermarket trading on Tuesday, primarily because of the comments made by the John, Ritchie said that the most affected product is the pizza sales which is the prime product of the company has seen a drastic decrease in the sales since November and second most affected product is the soft drinks line up. The company is taking appropriate measures right form stepping down CEO John Schnatter and in July he was forced to leave his post as Chairman.

The company major concern is that John owns nearly 30% of the company’s stock and this lead him to remain in the company’s board of director position, meaning he is obliged to be the part of the company’s strategic position, for which the board has taken an additional step in enacting a poison pill to prevent Schnatter from acquiring and controlling the stake in the company.

To this, the current CEO of the company says that sometimes the greatest opportunity happens in inappropriate times, and adds that he couldn’t be more excited to see that the brand Papa John’s to take flip in its approach and look forward and try to not get distracted from the previous experience.

People

Post navigation

Previous Post: Lenovo CEO Confesses Making Errors In Smartphone Market Of India
Next Post: Scientists Reveal What Makes Online Dating A Success

Related Posts

Twitter Looks For Help From Academics To Restrain Abuse People
Adele Posts a Message For Her Best Friend’s Recovery Adele Posts a Message For Her Best Friend’s Recovery People
A heart-shaped flight for Valentine's Day A heart-shaped flight for Valentine’s Day People
Mount Everest Climbers Die, A Dozen More Rescued Mount Everest Climbers Die, A Dozen More Rescued Nature
Scientists Reveal What Makes Online Dating A Success Scientists Reveal What Makes Online Dating A Success People
An Eyeball Shaving Barber An Eyeball Shaving Barber? People

Leave a Reply Cancel reply

Your email address will not be published. Required fields are marked *

Recent Posts

  • Which Crypto to Buy Now?
  • Is PR Important for Blockchain Companies?
  • Benefits Of Studying A Part Time Degree Course In Singapore
  • Trends of Pain Management Therapeutics Market
  • How Smart Devices Can Provide Home Security

Tags

#Digital #Signage #OutdoorAdvertising Android App Asphalt Contractors & Driveway Services baby formula Best Nutritionist in Delhi Best Nutritionist in Mumbai business Cheap Airlines Clean carpet cleaning services near me cobb county probation violation Coffee concrete driveway concrete driveway Sydney dog Energy Drinks Fashion featured Google Nest Wifi Google Wi-Fi Google Wifi Review Greece Honeymoon places London speaker hire Monitoring Outfits probation violation attorney cobb county Protein Protein Coffee protein coffee ripped up nutrition Protein Shake QuickBooks QuickBooks Error 1328 retro joystick Spy Thailand Travel Travel Australia trekking in Nepal vacuum cleaning Vector Whatsapp WordPress customization WordPress design services

Categories

  • Animals (8)
  • Business (112)
  • Education (10)
  • Event & Festivals (1)
  • Fashion (3)
  • Finance (1)
  • Food (3)
  • General (25)
  • Health (73)
  • Nature (3)
  • News (3)
  • Pattern (1)
  • People (35)
  • Science (75)
  • Space (3)
  • Technology (139)
  • Top Stories (256)
  • Travel (12)
  • Vector (3)

Latest Post

  • Which Crypto to Buy Now? January 25, 2023
  • Is PR Important for Blockchain Companies? September 28, 2022
  • Benefits Of Studying A Part Time Degree Course In Singapore August 16, 2022

Copyright © 2023 TahoNews.

Powered by PressBook Grid Blogs theme