Papa John’s Says Third-Quarter Pizza Sales Hurt by Summer Travel
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Papa John’s International Inc. says summer travel, which made a comeback this year after Covid-19 restrictions eased in many parts of the world, hurt pizza sales in the third quarter.
The summer is typically Papa John’s slowest period due to travel. “Our customers are spending less time at home or in the office and ordering less pizza delivery,” Chief Financial Officer Ann Gugino said on the earnings call. With more people traveling during the third quarter this year, she said the slowdown was even greater.