Papa John's financial struggles started well before the National Football League protests

Papa John's financial struggles started well before the National Football League protests

As the official pizza of the NFL, Schnatter said the sales decline was caused by lower television ratings for the league which many have said are attributed to the national anthem controversy. The NFL has seen protests during the playing of the US national anthem escalate since past year, and viewership is down 5%. "Nothing we reported in the quarter included commentary about the National Football League because we saw no reason to call it out", a Domino's spokeswoman said Thursday.

Papa John's have withdrawn some of their planned ad buys, and in exchange, the NFL will give them future ad slots as a good gesture to a national sponsor.

Meanwhile, some liberals have threatened to boycott Papa John's and take their pie-buying business to competitor Little Caesars, whose founder Mike Ilitch reportedly paid for civil rights figure Rosa Parks' housing for the last 11 years of her life, according to a Sports Business Daily story from 2014. "Once the issue is resolved between the players and the owners, we're optimistic the NFL's best years are ahead". "This should have been nipped in the bud a year and a half ago". 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. Its one percent quarterly growth rate was actually the same as that of Papa John's, but expectations were higher for the latter company, which had sales growth of 5.5 percent over the same period previous year. Schnatter thinks that his stock dropping 24 percent is the fault of NFL Commissioner Roger Goodell's inability to stop players from kneeling to protest the way police too often shoot and kill black people.

China extends its national anthem disrespect law to Hong Kong
The Chinese parliament passed a law in September mandating a 15-day jail term for anyone who mocks the country's national anthem. Pro-democracy activists and lawmakers fear a national anthem law could be used to undermine freedom of speech in Hong Kong.

UVa upsets Georgia Tech in hunt for bowl eligibility
The second half got off to a wild start as Georgia Tech got touchdowns on the first two plays from scrimmage to open a 28-13 lead. Virginia answered with a 64-yard drive, capped by a 27-yard pass from Kurt Benkert to receiver Andre Levrone with 1:22 to go.

Saudi Arabia arrests princes, ministers for corruption
He has been replaced by Prince Khalid bin Abdulaziz bin Mohammed bin Ayyaf Al-Muqren. Prince Miteb was once considered a contender for the throne.

TheStreet cut shares of Papa John's International, Inc. But experts say it is also facing more competition as other fast-food chains start to deliver burgers and fried chicken, taking a bite out of pizza sales. "Like many sponsors, we're in touch with the NFL". Stephens restated an "overweight" rating and set a $90.00 price target (down from $100.00) on shares of Papa John's global in a report on Monday, June 26th. For one, there is no evidence that the civil rights protests have had a meaningful impact on the NFL's ratings. While the company quickly disavowed the "endorsement", Schnatter has not shied away from dipping his toes into controversial political topics.

"Don't blame us, it's somebody else's fault", while popular these days, isn't an excuse that shareholders will put up with for very long.

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