Papa John's 2011 financial statement

[WallaceRitchie]

Although it is already obvious that the CEO is FOS:

Papa John's 2011 financial statement: http://files.shareholder.com/downloads/PZZA/2165565411x0x553757/5949A4AD-BDEF-44B8-891A-13445DE55D7A/2011_Annual_Report.pdf

Earnings/share:
12/28/08=$1.31
12/25/11=$2.22

A considerable improvement under Obama. It's apparent that this Republican Obama-hater COULD afford Obamacare... AND not need to pass on $0.14 to consumers. It's all about increasing profit-margin (already substantial) and politics with ACA as scapegoat.

[Warpy]

1. Tantrum throwers are not logical

and neither are stupid men who base business decisions on either fear or spite.

[Hoyt]

2. The poor pitiful company will pass $0.28 or more to consumers which will

Last edited Mon Nov 12, 2012, 07:11 AM - Edit history (1)

increase earnings per share. Who do they think they are fooling? It's time these right wing corporate thieves start being truthful.

[struggle4progress]

3. whoa: his earnings per share are up 70% in the last 4 years!

no wonder he's screaming "f u obama!"

wait a minute

what?

[ProudProgressiveNow]

4. >

[Cha]

7. Precisely!

[kardonb]

15. whoa...

have a prediction for you , Papa John : your next earnings report will not look so good anymore !

[Cha]

5. Thanks WallaceRitchie! Exposing rw Wanker, John Schlatter's

Greedy Hate.

[WallaceRitchie]

9. No problemo

Everything is available online via Papa John's website. Please check the financial statements in case I'm not reading them properly or you have other insights.

[WallaceRitchie]

6. Stockholder equity

Papa John's stockholder equity increased under Obama.

$138 million end of 2008
$218 million end of 2011

But you know, Obamacare.

[summerschild]

8. I thought they believed free market was magic.

Customers will pay 14 cents more if their pizza's worth it next to everybody else's.

The cost to the franchise owner is a business deduction from gross income before profits (which are taxable) are calculated, so it's a reduction in tax dollars.

A lot of opinions I've read today about Papa John's make me think the problem is that a lot of people don't think they're getting value for their money at the rate they're charging right now!

[davidpdx]

10. He has franchises here in Korea

and in China as well. It is one of the only decent pizza places in both countries (besides Costco here in Korea). I guess I might have to give up pizza.

[JanT]

11. hey the magic of the market

well this consumer is using my freedom of speech to not spend money at papa johns. it's a free country and market. right? you screw your employees, we screw your bottom line. seems reasonable to me.

[GitRDun]

12. Ridiculous!

Net income, net of non-controlling interests
2011: $55,655,000
2010: $51,940,000
2009: $57,453,000
2008: $36,796,000
2007: $32,735,000

So these guys can't afford the $5 to $8 million it would cost to give insurance to employees?

This is what is wrong with the main stream narrative!!!!!!

Papa John's would rather the public deal with the health care costs of it's employees.

Papa John's is the taker here...not it's employees who get public assistance for healthcare.

[central scrutinizer]

13. ketchup on cardboard is pretty cheap to make

the profit margin for pizza is huge

[Stardust]

14. That's right! Go to any college town and you can get a delicious pizza for $3.

Last edited Mon Nov 12, 2012, 11:34 PM - Edit history (1)

And you know they're not selling them below cost.

[Grassy Knoll]

16. He pals Around With Dallas Cowboys Owner.....

Jerry Jones, Even Texas hates that asshole.

[leanforward]

17. Papa John's financial statements

Thanks for the preceding information. Healthcare is a business expense against gross revenue? I can understand that. To quote one of the preceding postings, "screw the employees," means to I'm adding another business to my boycott list.

[Lex]

18. I have been unofficially boycotting them already because their pizza sucks

and I'd rather get a local pizza anyway.

[SleeplessinSoCal]

19. Is there a way for DU to form task forces to figure out a way to counter companies like Papa John's?

Some sort of group to brainstorm on how to either "occupy" them, or protest them, or picket them, or some other method of countering the Dickensian approach to healthcare by some American companies?

Then actually come up with a plan for all members to help enact.

[Historic NY]

20. Employees.............most part time hourly workers.

"Employees
As of December 25, 2011, we employed approximately 16,500 persons, of whom approximately 14,400 were restaurant team members, approximately 700 were restaurant management personnel, approximately 600 were corporate personnel and approximately 800 were QC Center and our wholly-owned print and promotions subsidiary, Preferred Marketing Solutions, Inc. (“Preferred”) personnel. Most restaurant team members work part-time and are paid on an hourly basis. None of our team members is covered by a collective bargaining agreement. We consider our team member relations to be good."

[Notafraidtoo]

21. The messed up thing about some of these profits is..

I work at one so i know a few things corporate does to make some of these profits..

1.They keep adding new types of pizzas that force the franchisees to buy new products like different cheeses,meatballs,spice,chicken strips that go on pizza..it raises the cost of the pizza for the franchisee but increases the sales of the corperation..they even force the franchisee to sell the pizza at a discounted price for " marketing purposes" but all it does is increase the profits of papa john himself and hurt franchise's.


2.They added a delivery fee and continue to make it higher claiming it is for the cost of insurance,but i learned from the owner how much he pays and did a Conservative estimate based on nightly delivery's and how many divers we have and they make about three times the cost of insurance from delivery fees not giving any to the drivers by the way but customers don't know that and penalize the drivers tips.


3.Drivers are no longer given min wage, they have them claim all their tips instead so in addition to making less money cause of delivery fees and wage reduction they also make less tips cause customers believe the drivers get the fee.

4. they lowered the amount of chicken you get in a order of wings and chicken strips.

5.They made it a lot harder for managers to get bonuses and every year make it almost imposable they also don't give many of them health insurance.

[Helen Reddy]

25. Thank you

for your personal insight!

[TexasBushwhacker]

22. And taxpayers are stuck with the tab.

Don't get me wrong. I would much prefer single payer, but if we're going to go with the employer pays model, when employers don't pay, WE DO. We pay for Medicaid, we pay taxes for county hospital districts that provide low income health care and we pay higher health insurance premiums for when the Papa John's driver has a wreck and goes to the emergency room. We pay for their food stamps too when they don't pay them a living wage. Sounds like corporate welfare if you ask me. I'm sure Papa John doesn't think so while he sits in his $40,000 sf castle. He's worth $600 Million, but he'd rather cut his employees hours than raise the price of his crappy pizzas 14 cents.

[NCLefty]

23. Until he shuts his literal piehole about his politics, I'm not going near the place.

[world wide wally]

24. His pizza sucks anyway.... Go for the local pizza