After the founder's scandal tanked sales by 11 percent in a single quarter and closed 54 stores, Papa John's brought in the guy who turned around Arby's, added Shaquille O'Neal as a franchisee and board member, and gave franchisees $80 million to stabilize the system.
Then COVID hit and delivery went through the roof. Same-store sales jumped 20 percent, and the activist investor who put in $250 million cashed out for $364 million.
This short breaks down how Papa John's went from boardroom chaos to a genuine turnaround.
#PapaJohns #business #shorts
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