Shares of Papa John’s International Inc. PZZA, +1.50% have soared in 2020, as the pizza chain has added more than eight million new customers this year, according to Chief Executive Rob Lynch.
“Growth is not just our customers eating more, which could lead them to getting worn out of pizza,” Lynch told MarketWatch after the company’s third-quarter earnings call on Thursday. “Those new customers are just starting to experience what we have to offer. There’s still a lot of opportunity there.”
As coronavirus cases reach records in the U.S., Lynch says the company is prepared, having learned how to respond back in April and May. KeyBanc Capital Markets says same-store sales “likely moderated in October, which is to be expected,” but Papa John’s is set up for further growth.
Asmi_Malik_
It's 3 am, I'm drunk, I'm a failure at life. but if I can convince one person to not order the worst pizza I've ever had... That would give my life meaning. And that's probably overselling myself
Pass