Papa John's Reports Third-Quarter Revenue Down 10% to $454.8 Million
CEO Todd Penegor said performance was below expectations, while the company delivered positive free cash flow through value, operational execution and cost management.
Papa John's says total 3Q revenues fell 10% to $454.8 million. "While top-line performance came in below our expectations, our discipline focused on value, operational execution and cost management enabled us to deliver positive free cash flow," CEO Todd Penegor says on a call with analysts. Compar…