Sports

Papa John's says #TakeAKnee is hurting sales, which makes zero sense

Papa John's says #TakeAKnee is hurting sales, which makes zero sense

In his 2017 book "Papa: The Story of Papa John's Pizza", Schnatter argued that regulations are steering the United States away from the system of free enterprise he believes is crucial to the nation's success. More players started to kneel after President Donald Trump said in September that team owners should get rid of those who protest during the anthem.

At a league meeting last month, Goodell and the NFL owners opted not to force players to stand during the Anthem. Furthermore, ratings have also been a bit shaky for baseball this year in comparison to last, so football isn't the only sport to take a hit (ergo...it's likely not the peaceful protest of racial inequality that's hurting Papa John's).

Whatever the reasons for it, the punishment was swift-Papa John's shares fell 8.5% yesterday (Nov. 1), closing at $62.26. During a conference call associated with the results, company executives attributed these weaker-than-expected numbers to a year-on-year decline in NFL television viewership, as well as "negative consumer sentiment" associated with the controversy surrounding the national anthem protests.

According to CNBC, John Schnatter, founder and CEO of Papa John's said the league not resolving the issue of players kneeling during the national anthem, have hurt his company and its sales.

The NFL also has fewer viewers than it used to.

"Leadership starts at the top, and this is an example of poor leadership", CEO John Schnatter said in a call with investors on Wednesday.

Papa John's is the official pizza of the NFL. Eight years later, Jones appeared in a Papa John's commercial, where he rapped through the whole thing.

The two pizza chains-it should be said-do not have identical relationships with the National Football League. In comparison, sales were up 5.5% at the same time past year.

"The controversy is polarising the customer, polarising the country", he added. And KFC, which like Pizza Hut is owned by Yum Brands, hopes to double delivery sales at the fried chicken chain to $2 billion by 2020.