Reported 1 day ago
Papa John's is under pressure as Apollo Global Management reportedly withdrew its $2.1 billion bid to purchase the pizza chain, causing concerns ahead of its upcoming earnings report. Despite having over 6,000 locations globally, Papa John's struggles have highlighted its considerably lower market valuation compared to rival Domino's Pizza. Analysts predict modest same-store sales growth and attribute the challenges to a decline in low-income consumer spending in the fast food sector.
Source: YAHOO