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4-Traders Homepage  >  Equities  >  Nasdaq  >  Papa John's Int'l, Inc.    PZZA

Delayed Quote. Delayed  - 11/20 10:00:00 pm
57.55 USD   +0.10%
03:47a CLOSED : Uncertainty prompts Papa John's decision
11/20 COMMODITIES : Papa John’s gets another scoop of 'Rocky Road'
11/16 PAPA JOHN 'L : Slice of contrition
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Closed: Uncertainty prompts Papa John's decision

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11/21/2017 | 03:47am CET

Nov. 20--OTTUMWA -- The city has lost jobs, tax revenue and, according to many, some really delicious pizza.

Papa John's in Ottumwa has closed its doors; a U-Haul truck was parked next to the Richmond Avenue pizza place Monday.

"We appreciated our customers, and I'm glad I got to know them a bit," said co-owner Kerry Asbridge.

His wife is an owner-manager. Once Jeri took over, he said, business really started booming. So why close?

"Seventeen months ago, we were told the city was building roundabouts. We attended meetings and asked if they would make arrangements for us to be able to have access," said Kerry. "They would never give us an answer."

He said one of the meetings had city council members present; he also talked to a zoning planner. Eventually, he said, a city employee told the pizza makers that the owner of the property would receive a letter explaining what would happen.

The Asbridges contacted their landlord about the construction of the roundabout. The property owner's representative, an attorney, contacted the couple: The lawyer told them the landlord had not seen any notice like that, Kerry says.

"So we didn't know if we'd be able to access our property for weeks ... it can take months. Our lease ends in December, so we had to make a decision. A business decision. We couldn't make a commitment without knowing if we'd be able to do business."

Hence, the closure.

"We did our best," Kerry said. "I just expected an answer."

He feels the public has been very supportive. They appreciate "the well wishes from customers," and he wishes the best to Ottumwa, he said.

"We had some outstanding workers here, with loyalty, professionalism. Our customers and employees, that may be the hardest part of this. They were people we could always count on, like clockwork. They worked hard right up until 10 p.m. [Sunday]."

That was when the last pizza was delivered; by Monday afternoon, the Ottumwa shop had been removed from the corporate headquarter's online store locator.

Contact reporter Mark Newman at [email protected] or visit his Twitter page, @CourierMark.

___

(c)2017 the Ottumwa Courier (Ottumwa, Iowa)

Visit the Ottumwa Courier (Ottumwa, Iowa) at www.ottumwacourier.com

Distributed by Tribune Content Agency, LLC.

© Tribune Content Agency, source Regional News

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Financials ($)
Sales 2017 1 789 M
EBIT 2017 156 M
Net income 2017 100 M
Debt 2017 410 M
Yield 2017 1,48%
P/E ratio 2017 20,79
P/E ratio 2018 18,49
EV / Sales 2017 1,36x
EV / Sales 2018 1,28x
Capitalization 2 017 M
Chart PAPA JOHN'S INT'L, INC.
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Papa John's Int'l, Inc. Technical Analysis Chart | PZZA | US6988131024 | 4-Traders
Technical analysis trends PAPA JOHN'S INT'L, INC.
Short TermMid-TermLong Term
TrendsBearishBearishBearish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 7
Average target price 72,9 $
Spread / Average Target 27%
EPS Revisions
Managers
NameTitle
John H. Schnatter Chairman & Chief Executive Officer
Steve M. Ritchie President & Chief Operating Officer
Lance F. Tucker CFO, Treasurer, Chief Administrative Officer & SVP
Mike Nettles Chief Information & Digital Officer
Olivia Faulkner Kirtley Lead Independent Director
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