Papa John's Sales Continue to Decrease
Papa John's has reported declining sales for the fifth straight quarter. Sales within the United States fell more than 8% in the last three months of 2018. The company’s rough patch began in November of 2017 when former CEO, John Schnatter was accused of using racial slurs during a company conference call.
This incident occurred after Schatter was forced to resign after blaming weak sales on NFL players Protests. The $200 million investment into the company from private investors has the company hoping for a positive turn around.