Why Shares of Papa John's International Soared Today
Shares of Papa John's International (NASDAQ: PZZA) climbed 9.54% on Tuesday, after the company named a new CEO, a big step toward the company's goal of moving on after distancing itself from its controversial founder. Papa John's also reiterated its full-year fiscal 2019 guidance.
Before the markets opened Tuesday, Papa John's announced that Rob Lynch, formerly president of Arby's, has been named CEO. Papa John's earlier this year initiated a strategic plan that includes investments in marketing and improvements to its franchising systems.
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Source Fool.com
