Quartz·1 min read·medium
Papa Johns slashed its outlook and suspended its dividend as U.S. sales kept sliding
✦AI Summary
Papa Johns has suspended its dividend and lowered its annual outlook following an 8.3% decline in North American comparable sales during the second quarter. The pizza chain is struggling with a sustained downturn in consumer demand.
North America comparable sales fell 8.3% in the second quarter, prompting the pizza chain to pull its quarterly payout and lower its annual forecast
businesseconomyfood
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