|Bid||97.98 x 800|
|Ask||98.05 x 800|
|Day's Range||96.12 - 100.69|
|52 Week Range||28.55 - 100.69|
|Beta (5Y Monthly)||1.02|
|PE Ratio (TTM)||2,970.15|
|Earnings Date||Nov 04, 2020 - Nov 09, 2020|
|Forward Dividend & Yield||0.90 (0.92%)|
|Ex-Dividend Date||Aug 10, 2020|
|1y Target Est||96.14|
U.S. stock indexes trade lower Friday afternoon, as Wall Street awaits developments from Congress on coronavirus aid talks ahead of a deadline, while worrying that America’s economic recovery might hang in the balance.
Papa John’s Chief Executive Rob Lynch says the pizza business can withstand the challenges of recession and other economic troubles.
Pizza chain Papa John's Int'l, Inc. (NASDAQ: PZZA) reported second-quarter results that showed that signaled a continuation of its recent growth and momentum.The secret ingredient behind a 28% North America same-store sales growth is quite simple, Papa John's CEO Rob Lynch said on CNBC's "Mad Money."What Happened: The basis for Papa John's turnaround over the past few months is "our food," Lynch said. The simple formula for creating the best pizza is to use the best ingredients."Better ingredients, better pizza is our tagline -- we try to live up to that every day," Lynch said. "We invest a lot in the ingredients that go in it."Why It's Important: Making a pizza out of superior ingredients means nothing unless customers are willing to buy it. The company hasn't had any issues convincing clients to order its pizzas, especially the Shaq-a-Roni that sold more than 2 million units in the first month since its launch.In fact, the retired NBA superstar isn't just a paid spokesperson for Papa John's, he is a member of the board and speaks with Lynch on an almost weekly basis. Shaq presents new product ideas and discusses how the company can better serve the communities it operates in.What's Next: Papa John's noted in its earnings report preliminary estimated July comparable sales rose 30.3% in the U.S.Related Links:Talking Pizza Trends With Pizza Packet CEO: Innovation, Delivery And Dave PortnoyPapa John's Deserves An Expanding Multiple, Wedbush Says In Bullish InitiationSee more from Benzinga * Papa John's Deserves An Expanding Multiple, Wedbush Says In Bullish Initiation * Papa John's Creates A Pizza Fit For Shaq(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.