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MarketScreener Homepage  >  Equities  >  Nasdaq  >  Papa John's Int'l, Inc.    PZZA

PAPA JOHN'S INT'L, INC. (PZZA)
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Papa John 'l : Chairman John Schnatter resigns

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07/12/2018 | 06:51am CEST
FILE PHOTO: The Papa John's store in Westminster

(Reuters) - Pizza chain Papa John's International Inc said on Wednesday its founder and former chief executive, John Schnatter, resigned as chairman of the board.

The company said Olivia Kirtley would act as lead independent director, and added it would appoint a new chairman in the coming weeks.

The resignation comes after Forbes reported earlier in the day that Schnatter used a racial slur on a conference call.

"Papa John's condemns racism and any insensitive language, no matter the situation or setting ... We take great pride in the diversity of the Papa John's family, though diversity and inclusion is an area we will continue to strive to do better," the company said in a separate statement.

Schnatter, who founded the company in 1984, resigned as chief executive in December last year, after drawing criticism for comments he made at the National Football League (NFL) leadership.

Yum Brands Inc Pizza Hut replaced Papa John's as NFL's sponsor in February, ending Papa John's eight-year relationship with the top U.S. football league.

Papa John's shares closed nearly 5 percent down at $48.33 on Wednesday.

(Reporting by Philip George in Bengaluru; Editing by Gopakumar Warrier)

Stocks treated in this article : Papa John's Int'l, Inc., Yum Brands
Stocks mentioned in the article
ChangeLast1st jan.
PAPA JOHN'S INT'L, INC. 0.46% 46.54 Delayed Quote.-17.34%
YUM BRANDS 0.19% 88.44 Delayed Quote.8.19%
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Financials ($)
Sales 2018 1 638 M
EBIT 2018 86,7 M
Net income 2018 50,4 M
Debt 2018 -
Yield 2018 2,00%
P/E ratio 2018 26,32
P/E ratio 2019 24,33
Capi. / Sales 2018 0,89x
Capi. / Sales 2019 0,90x
Capitalization 1 465 M
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Mean consensus OUTPERFORM
Number of Analysts 6
Average target price 50,8 $
Spread / Average Target 9,6%
EPS Revisions
Managers
NameTitle
Steve M. Ritchie President & Chief Executive Officer
Olivia Faulkner Kirtley Chairman
Joseph H. Smith Chief Financial Officer
Mike Nettles Chief Information & Digital Officer
Mark S. Shapiro Independent Director
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