Papa John's Says NFL Protests Are to Blame for Lower Pizza Sales

Papa John's Says NFL Protests Are to Blame for Lower Pizza Sales

"The NFL has hurt us by not resolving the current debacle to the players' and owners' satisfaction", Schnatter, who serves as the pizza chain's chairman and chief executive officer, said on a conference call.

Papa John's has been listed as the official pizza of the National Football League since 2010, and the company states that a decline in viewership and negative consumer sentiments led to the sales slump. And yes, it's nearly certainly true that people didn't order pizzas in the last four weeks that they otherwise might have had they been watching a game.

On Wednesday, the Louisville, Ky. -based company reported a 1.6% increase in third-quarter profit. The company's stock fell by 13 percent on the news, their worst decline in over two years. Earnings per share were 60 cents in the latest quarter on revenue of almost $432 million. "Further, Lockhart said that other top sponsors have expressed similar concerns as the NFL's TV ratings slump and political battles play out in the league". "Severe weather had an impact in the quarter as well as some industry-wide challenges", said CFRA equity analyst Efraim Levy. The company frequently runs commercials during games, and said they were going to start moving some of their ad dollars away from the NFL.

3 children die in horrific horse-drawn buggy crash
Their 8-year-old son, 3 and a half year-old son and 2-year-old son are all in stable condition at Helen DeVos Children's Hospital. The six others occupants of the buggy were transported to area hospitals where they were listed in critical condition.

Papa John's has a significant partnership with the NFL.

What with all the social upheaval within the NFL as a significant number of players vent their frustration by taking a knee during the national anthem, we completely overlooked the truly wounded party in all of this - the sponsors. By the 2017 season, as many as 250 were kneeling for the anthem to take a stance about racial injustice and police violence. Maybe. But is it also possible that Papa John's is suffering due to innovation from competitors (Domino's, for example, is doing well), the rise of DoorDash and Grubhub, or the fact that their pizza isn't the greatest? Less Sales. That was the message Papa John's CEO John Schnatter sent on Wednesday.

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