How Papa John’s Plans to Get Back to Growth in 2020
Papa John's (NASDAQ: PZZA) on Wednesday announced earnings results that showed it continuing to lose market share in the competitive pizza delivery niche. Yet the chain ended 2019 on a positive note.
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The fast-food giant revealed that comparable-store sales fell 2.2% for the full year, which put it well behind peers like McDonald's and its 6% increase and Domino's (NYSE: DPZ) with its 3.2% boost. However, Papa John's achieved positive comps in the fourth quarter to give management confidence in their rebound plan. "Papa John's accelerated it turnaround in the fourth quarter," CEO Rob Lynch said in a press release, "positioning us for a strong start to 2020."
Source Fool.com
