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Papa John’s said its newly-launched campaign “Voices of Papa John’s” featuring employees and the chain’s franchisees owners helped improve traffic in September. “We are seeing improved consumer sentiment. Our attention now is on activating that sentiment to drive increased sales,” Chief Executive Officer Steve Ritchie said on a post-earnings call with analysts cufflinks tiffany uk sale. The company reported a 9.8 percent sales decline in North America in the third quarter ended Sept. 30. Analysts on average had expected a 10.9 percent drop, according to IBES data by Refinitiv..
Papa John’s is also focusing on providing assistance to franchises in North America, its biggest market, tackling food-servicing pricing and online fees through 2018. But the company’s plans are coming at a cost. Papa John’s said it now expects special charges including rebranding and franchise support to be about $50 million to $60 million this year – higher than the earlier anticipated cost of about $30 million to $50 million cufflinks tiffany uk sale. Papa John’s reported a net loss attributable to the company of $13 million or 41 cents per share, compared to a profit of $22 million or 60 cents, a year earlier..
(Reuters) – Wendy’s Co (WEN.O) on Tuesday reported quarterly sales at established outlets in North America below analyst estimates and lowered its same-store sales forecast for the year, as the burger chain struggles to lure customers in a fiercely competitive U.S. fast-food industry cufflinks tiffany uk sale. Wendy’s, much like its peers, has had to offer cheaper items with added promotions to get people to buy more products. But its efforts are not bearing fruit, as the company reduced its same-store sales growth forecast for 2018 to about 1 percent from a previous range of 2-2.5 percent..
The company’s shares fell 5.8 percent to $16.05 in after-market trading. They have gained 4 percent this year. Wendy’s has launched a slew of promotions including “4 for $4”, discounted Baconator Fries and a 50-cent Frosty dessert that compete with bundled meals offered by McDonald’s $1, $2, $3 menu and Taco Bell’s dollar menu. Customers have a large range of cheap fast-food options from many chains and keeping sales robust is becoming challenging for many big outlets cufflinks tiffany uk sale.
Wendy’s same-restaurant sales in North America fell 0.2 percent in the quarter cufflinks tiffany uk sale. Analysts on average had expected same-store sales to rise 1.84 percent, according to IBES data by Refinitiv. Net income rose to $391.2 million, or $1.60 per share, in the third quarter, from $13.7 million, or 5 cents per share, a year earlier. Excluding certain items, the company earned 17 cents per share, beating analysts’ average estimate of 15 cents per share. Revenue rose 2.4 percent to $400.6 million, missing expectations of $405.36 million..