Papa Johns CEO blames drop in sales on NFL protests
- 6 years ago
John Schnatter, the found and CEO of Papa Johns, is not having the best week. Schnatter's net worth dropped $70 million in just a few hours, which was revealed in the company's third-quarter report. Shares for Papa Johns went down 11 percent, and its stock is trading a little over $60 per share, according to Forbes. Schnatter, who's company is the official pizza sponsor for the NFL, blames the league allowing players to protest. "The NFL has hurt us by not resolving the current debacle." Schnatter said in a conference call on Wednesday The company did manage to beat estimates of its earnings and revenue.