<?xml version="1.0" encoding="UTF-8"?><rss version="2.0" xmlns:content="http://purl.org/rss/1.0/modules/content/"
     xmlns:dc="http://purl.org/dc/elements/1.1/"
     xmlns:atom="http://www.w3.org/2005/Atom"
     xmlns:sy="http://purl.org/rss/1.0/modules/syndication/"
     xmlns:slash="http://purl.org/rss/1.0/modules/slash/"
     xmlns:georss="http://www.georss.org/georss"
     xmlns:geo="http://www.w3.org/2003/01/geo/wgs84_pos#"
     xmlns:media="http://search.yahoo.com/mrss/">
    <channel>
        <title><![CDATA[COVID-19 pandemic fuels huge growth at Papa John&#8217;s]]></title>
        <atom:link href="https://usagag.com/2020/11/05/covid-19-pandemic-fuels-huge-growth-at-papa-john-8217-s/" rel="self" type="application/rss+xml" />
        <link>https://usagag.com/2020/11/05/covid-19-pandemic-fuels-huge-growth-at-papa-john-8217-s/</link>
        <lastBuildDate>Thu, 05 Nov 2020 12:49:54 +0000</lastBuildDate>
        <sy:updatePeriod>hourly</sy:updatePeriod>
        <sy:updateFrequency>1</sy:updateFrequency>
        <generator>https://usagag.com</generator>
        <media:content url="/uploads/2020/11/05/covid-19-pandemic-fuels-huge-growth-at-papa-john-8217-s.jpg" medium="image">
            <media:title type="html">COVID-19 pandemic fuels huge growth at Papa John&#8217;s</media:title>
        </media:content>
        <content:encoded><![CDATA[
						<p>Americans are chowing down on pizza during the pandemic — and Papa John’s <strong>is raking in the dough</strong>.</p>
<p>The pizza chain said its third-quarter pizza sales jumped 17 percent from a year earlier to $473 million, as demand from hungry, hunkered-down customers for its cheese-and-pepperoni pies continued to surge.</p>
<p>Comparable sales — or sales at outlets open at least a year, a closely watched metric on Wall Street — surged 24 percent, beating out a 17-percent surge recently reported by Domino&#8217;s.</p>
<p>Papa John&#8217;s stock — which has more than doubled since it got clobbered in March over fears about COVID-19 lockdowns — was recently up 6.4 percent at $80.97 in Thursday morning trades.</p>
<p>After three years of battling with its controversial founder John Schnatter — who <strong>stepped down as chief executive</strong> in 2017 over his controversial remarks about NFL players kneeling during the national anthem, and who resigned from the board a year later over a racial slur — Papa John’s is no longer in the news for the wrong reasons.</p>
<p>Last year, basketball legend Shaquille O’Neill joined Papa John’s board and became the company’s new pitchman. It’s the fourth-largest pizza chain in the US but has been growing faster than the No. 1 chain, Domino’s.</p>
<p>“Papa John’s is putting up the best growth numbers in the sector,” restaurant analyst, Mark Kalinowski told The Post.</p>
<p>Papa John&#8217;s said it earned $15.7 million, or an adjusted 35 cents per share, ahead of the 32 cents per share that Wall Street analysts surveyed by Refinitiv expected.</p>
<p>Also on Thursday, Papa John’s announced a $75 million share repurchase program that will buy back 3 percent of the company&#8217;s outstanding stock.</p>
<p>Papa John&#8217;s also said Thursday that a relocation of its headquarters to Atlanta from Louisville, Ky., announced in September, will be completed by next summer.</p>
			
					
						]]></content:encoded>
                <dc:creator><![CDATA[GAGmen]]></dc:creator>
            </channel>
</rss><!--Time: 0.054507970809937-->