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The partnership will expand the chain's delivery radius in rural and some suburban areas.
The departure of John Schnatter from its board removes a distraction, but it could put more pressure on management to turn things around, says RB’s The Bottom Line.
The company and its estranged founder have reached an agreement that paves the way for his replacement as a director.
The chain closed 104 domestic locations in 2018 after same-store sales fell amid the dispute with John Schnatter.
An analyst suggests operators are struggling, which is a problem given heavy pizza price competition, says RB’s The Bottom Line.
While the chain’s founder expressed support for investor Starboard Value, he also accused the board of protecting its own interest.
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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