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Papa John’s jumps after posting sales slump less than expected (PZZA)





Papa John's

  • Papa John’s missed on both the top and bottom lines, but its comparable sales slump was better than feared.
  • The pizza chain slashed the high end of its profit guidance, but lifted its North America comp sales guidance.
  • Founder John Schnatter resigned as chairman in July following reports that he had used a racial slur on a media training conference call.
  • The company said that negative headlines began in July have continued to impact North America system-wide sales.
  • Watch Papa John’s trade live.

Papa John’s rose 6% early Wednesday after the company posted a comparable sales slump that was not as sharp as read more >>>

Source:: BusinessInsider.Com

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