Financial Accounting Blog

Thursday, October 09, 2003

Papa John's. This Restaurant Business article states that Papa Johns is going to shut down 20 restaurants. This move will cost Papa Johns between $5 and $6 million.

Papa John's also announced that it is consolidating its financial results with those of various franchise entities, including BIBP Commodities, a cheese-purchasing firm. The move could affect Papa John's operating income in the future because of large swings in cheese prices, the company said.