Pizza

Financing

Why are chains suddenly ‘fortressing?’

Domino’s and Wingstop are both planning to put more stores in strong markets. RB’s The Bottom Line takes a look at the strategy and its risks.

Financing

Papa John’s controversy cost the chain $51M last year

The chain closed 104 domestic locations in 2018 after same-store sales fell amid the dispute with John Schnatter.

But the company opened its most stores in 20 years last year as operators shift to unit growth.

An analyst suggests operators are struggling, which is a problem given heavy pizza price competition, says RB’s The Bottom Line.

Blaze Pizza is the latest to test larger pizzas as it focuses more intently on delivery sales—pitting the chains directly against traditional players.

The chain expanded its all-you-can-eat hours, and sales have grown ever since.

Speaking on CNBC, CEO Steve Ritchie said the chain hopes John Schnatter will benefit from its turnaround, says RB’s The Bottom Line.

The company’s sales have worsened over the past 18 months, and things aren’t getting any easier, says RB’s The Bottom Line.

Jeff Smith was named chairman as the company got a cash infusion to pay off debt and invest behind its strategic initiatives.

The company is reportedly no longer for sale, but is looking for an investor as it seeks to recover from a tough year.

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