Papa John's Claims It's Still on Track Despite More Losses


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To Papa John's credit, the company has been on the offensive this year, but positive same-store sales will likely not come until 2020.

Another quarter, another poor sales performance for Papa John’s — results that will come as no surprise to investors as the brand works to rebuild its brand reputation that was tarnished last year. The pizza chain reported a system wide same-store sales decrease of 7 percent in the first quarter, marking the sixth consecutive quarter of losses for the company. Revenue also plummeted 12 percent to $398 million, it said Tuesday. "North America results continue to be impacted by the consumer sentiment challenges ex