Papa John's is surging after founder John Schnatter resigns from board and apologizes for using a racial slur (PZZA)
Thursday, 12 July 2018 **
· *Papa John's founder and executive chairman John Schnatter resigned Wednesday following a public apology for using a racial slur on a conference call in May. *
· *The pizza stock surged more than 5% in early trading Thursday, erasing some of its heavy losses from Wednesday.*
· *Follow Papa John's stock price in...
Pizza chain Papa John’s International said its founder and former chief executive, John Schnatter, resigned as chairman of the board after backlash for using a racial slur on a conference call. Chris Dignam reports.
According to Business Insider, 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,..
Earlier this year, Pizza Hut signed a sponsorship deal with the NFL to replace Papa John's after the chain's former CEO and founder came under fire for his criticism of NFL players kneeling during the..
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