Papa John’s is apologizing for feedback made by CEO John Schnatter blaming sluggish pizza gross sales on NFL gamers kneeling through the nationwide anthem.
Papa John’s is a serious NFL sponsor and advertiser, and Schnatter stated on an earnings name Nov. 1 that “NFL management has harm Papa John’s shareholders” and that the protests “ought to have been nipped within the bud a yr and a half in the past.”
The corporate tweeted a press release Tuesday night time saying “the statements made on our earnings name have been describing elements that influence our enterprise and we sincerely apologize to anybody that thought they have been divisive.” Papa John’s additionally says the corporate helps the “gamers’ motion to create a brand new platform for change” and that it’s “open to concepts from all. Besides neo-nazis.”
The corporate’s inventory has fallen by almost thirteen % since Schnatter’s feedback.
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