Financial News News & Media
Papa John's pays quarterly dividend
January 31, 2019
Papa John's board has declared a quarterly dividend of $0.225 per common share, payable Feb. 22 to shareholders of record at the close of business on Feb. 11…
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In the run-up to Super (pizza) Bowl, commodity winners, losers emerge
by S.A. Whitehead — Food Editor, Net World Media Group
The winners and losers were evident in the commodities report this week, as it was split right down the middle. Half the brands watched here weekly gained…
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Commodities: Rising stock values, falling commodity prices help operators fight 2.8 percent cost-of-living increase
by S.A. Whitehead — Food Editor, Net World Media Group
It's costing nearly 3 percent more to live in the U.S. this year than last, according to the Consumer Price Index cost-of-living adjustment for 2019, but the…
read nowDC restaurants extend Restaurant Week deals for 1st time to help during government shutdown
January 21, 2019
Washington, D.C. restaurants are being hit hard by the nation's partial government shutdown that has left more than 800,000 federal workers without paychecks.
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Commodities: National Pizza Week starts off on high note for most brands
by S.A. Whitehead — Food Editor, Net World Media Group
It's National Pizza Week! But even better than that, it's National Pizza Week with lower prices on most of the essentials pizza brands use in-restaurant daily…
read nowGatti's files bankruptcy with $32M debt
January 10, 2019
Gatti's Pizza owner, Sovrano LLC, filed for bankruptcy protection for that brand and its sister concept, Gigi's Cupcakes, according to…
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Commodities: With Super (pizza) Bowl in sight, cheese, wheat prices ignite
by S.A. Whitehead — Food Editor, Net World Media Group
With less than a month to go before that U.S. pizza holiday of holidays, the Super Bowl, cheese and wheat prices were on the rise last week.
read nowBoston Pizza opens 10 new stores, closes 5 in 2018
January 2, 2019
For the 17th straight year, Boston Pizza added new locations last year, according to a news release. Boston Pizza Royalties Income Fund and Boston Pizza…
read nowKotipizza turns in solid Q3 with sale pending
December 19, 2018
On the cusp of its potential sale to Orkla ASA, Kotipizza Group turned in a relatively solid Q3 performance with comp net sales up 16 percent, while EBITDA…
read nowHumble Pie chain sold to Cornwall Development Partners
December 14, 2018
The Humble Pie pizza chain has been sold to Cornwell Development Partners of Scottsdale, Arizona, according to a news release.
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Commodities: Pizza investors put wallets on 'lock-down'
by S.A. Whitehead — Food Editor, Net World Media Group
Investors apparently had the holiday spending jitters last week, pulling in their proverbial purse strings on all the pizza brands monitored by this site…
read nowWith sale pending, Kotipizza sets online sales records in November
December 7, 2018
In the month before news broke this week that Orkla ASA will is moving to acquire the parent company of Scandanavian brand, Kotipizza's, the chain's online…
read nowStudy: QSR gift cards redeemed most quickly
December 6, 2018
Digital guest experience platform, Paytronix Systems, Inc., today released its inaugural Gift Card Sales Report, using data from more than 190 restaurant…
read nowOrkla ASA set to buy Kotipizza for $165.7M
December 6, 2018
The Finnish Financial Supervisory Authority has approved a deal for Nordic consumer goods supplier, Orkla ASA, to acquire European pizza powerhouse, Kotipizza…
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Commodities: Gas prices drop, but so does Papa John's value
by S.A. Whitehead — Food Editor, Net World Media Group
The final week of November brought some big wins and an equally substantial loss in pizza brand trading, but all brands will profit from the continued…
read nowPapa John's loses Trian interest, report says
November 28, 2018
The entity that the Wall Street Journal has said was looking into buying the troubled Papa John's brand, Trian Fund Management, has now opted out of the…
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Commodities: Pizza stock prices go down the drain with Thanksgiving scraps
by S.A. Whitehead — Food Editor, Net World Media Group
Pizza restaurateurs got little in the way of gratitude from investors during the U.S. Thanksgiving week when it comes to their stock values.
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Papa John's franchisees' attorney: Past year had 'a big, big impact on the franchisees' net income'
by S.A. Whitehead — Food Editor, Net World Media Group
Immediate relief, and a new direction for the brand, is what franchisees operating 1,200 Papa John's U.S. stores want, according to Miami-based attorney Robert…
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Commodities: Thanksgiving comes early for pizza brands in stock trading
by S.A. Whitehead — Food Editor, Net World Media Group
As the U.S. day of giving thanks approaches, pizza brands got plenty to be thankful for last week when investors showed all four brands monitored by this site…
read nowPapa Murphy's struggles in Q3, board considers options including sale
November 8, 2018
Papa Murphy's leadership released disappointing Q3 financial results along with news that the company's board is considering actions to "enhance shareholder…
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