Papa John's Demand Spike Extends Into August
Papa John's International's (NASDAQ: PZZA) business is still enjoying a strong sales lift from pandemic-related consumer shopping changes. The pizza delivery specialist said on Tuesday that comparable-stores sales were up 24% from late July through Aug. 23. That result marked only a slight deceleration in its U.S. market compared to the prior month while the international segment sped up.
Management described the global surge as an outgrowth of the chain's popular new menu introductions, along with its latest improvements to the ordering and delivery services.
As opposed to simply a pandemic-fueled jump, that factor implies persistent gains even as the COVID-19 threat lessens over the coming quarters. "As we have added customers throughout 2020," CEO Rob Lynch said in a press release, "our customer satisfaction and brand affinity scores also continue rising."
Source Fool.com
