Well, this wasn’t what the Papa John’s CEO was expecting when he decided to blame the NFL over his low pizza sales.
The CEO and founder of Papa JOhn’s ripped the NFL earlier this week, blaming NFL players for protesting during the national anthem which he believed has caused his in-game pizza sales to fall:
“The NFL has hurt us,” company founder and CEO John Schnatter said. “We are disappointed the NFL and its leadership did not resolve this.”
“Leadership starts at the top and this is an example of poor leadership,” Schnatter said, noting he thought the issue had been “nipped in the bud” a year and a half ago.
Turns out, those words hurt him and business more than he would never have expected as he saw his net worth top by millions as a result of his attack of the NFL.
Via Business Insider:
“John Schnatter’s net worth dropped $70 million between Tuesday afternoon and Wednesday afternoon. As of Wednesday, Schnatter was worth $801 million.
Schnatter owns roughly 25% of Papa John’s — so when the company suffers, he is directly affected.
Papa John’s shares plummeted after the company reported on Tuesday that same-store sales increased 1% in the most recent quarter, falling short of expectations. The company additionally lowered its forecast for North American same-store sales for the year to 1.5%, down from 2 to 4%.”
Since Schnatter made his comments, he’s been the talk of jokes and has been trolled by Digiorno on Twitter and has seen the Pizza Hut CEO come out and debunk his ridiculous claim.