Sunday, March 4, 2012

Our competitors are so big and they spend so much money ...

Interesting comments from Pappa John's founder and Chief Executive John Schnatter on the Q4 Conference Call
"Our competitors are so big and they spend so much money [on discounts] that from time to time they do things that make the category not as consistent as we'd like"
Papa John's North American President Tony Thompson added:
"The pricing environment is probably the toughest thing that's out there," even more than higher food cost.

As background see Considerations on a Commodity Business

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