PZZA - Papa John's Can't Succeed As Long As It Remains In Conflict With Its Own Brand

• Papa John’s is being artificially boosted by the coronavirus pandemic, masking the degree to which it is underperforming its earnings and growth potential.
• Papa John’s earnings-per-share are being unwisely boosted by stock buybacks, and forward estimates are supported by an overly-optimistic view about its clientele and unrealistically optimistic projections of future store openings.
• Papa John’s has struggled because it abandoned the business model that made the brand successful — “Better ingredients, Better pizza.”.
• By prioritizing profits above people, Papa John’s has sacrificed its greatest strengths as a company.
• The mishandling of false media allegations against me — recently debunked by an investigative report from former FBI Director Louis Freeh — also damaged the Papa John’s brand.

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