Papa Johns Cuts Costs For North America Franchisees As Sales Fall


– Papa John’s International Inc (PZZA.O) on Friday said it would lower royalties and fees charged to its U.S. and Canadian franchisees as sales at the U.S. pizza chain decline following the acrimonious exit of it founder.

The company will cut royalties, food-service pricing and online fees through 2018, while also funding the rebranding of the chain.

This comes days after the company said its North American comparable sales for July had fallen 10.5 percent and would continue falling in the coming months.

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