Chart shows an apparent exit from the month-long sideways trend
Show Me the Money! 1 July, 2020, by Vladimir Rojankovski, Chief Analyst, Grand Capital
Papa John's second-quarter comparable sales at worldwide pizza restaurants were up 22.6%. At North America franchised restaurants, the figure was up almost 30%.
The pizza making company boasted that almost all traditional restaurants in North America remain open and fully operational. A number of its non-traditional restaurants located in universities and stadiums are temporarily closed. About 225 of its about 2,100 international franchised stores remain temporarily closed, mostly in Europe and Latin America, in accordance with government policies.
This is a very good news for the fast food company as many of its rivals struggle to stay open amid COVID-19 restrictions, which means Papa John’s is likely taking their market niches. Papa John’s stock climbed 1.25% yesterday, and its technical chart shows an apparent exit from the month-long sideways trend.
Papa John's second-quarter comparable sales at worldwide pizza restaurants were up 22.6%. At North America franchised restaurants, the figure was up almost 30%.
The pizza making company boasted that almost all traditional restaurants in North America remain open and fully operational. A number of its non-traditional restaurants located in universities and stadiums are temporarily closed. About 225 of its about 2,100 international franchised stores remain temporarily closed, mostly in Europe and Latin America, in accordance with government policies.
This is a very good news for the fast food company as many of its rivals struggle to stay open amid COVID-19 restrictions, which means Papa John’s is likely taking their market niches. Papa John’s stock climbed 1.25% yesterday, and its technical chart shows an apparent exit from the month-long sideways trend.