Papa John’s shares tumble 10% after company closes 50 restaurants in China due to coronavirus
Papa John’s shares tumbled more than 10% Wednesday after the company said it has temporarily closed 50 franchised stores in China as a result of the coronavirus and reported a decline in same-store sales for the year.
The company has seen a country-wide sales impact year to date, with sales in China down mid-to-low double digits year-over-year, CEO Rob Lynch said in an interview with CNBC.
And…
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