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Sun Nov 11, 2012, 09:22 PM

Papa John's 2011 financial statement

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.

25 replies, 4838 views

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Arrow 25 replies Author Time Post
Reply Papa John's 2011 financial statement (Original post)
WallaceRitchie Nov 2012 OP
Warpy Nov 2012 #1
Hoyt Nov 2012 #2
struggle4progress Nov 2012 #3
LineLineReply >
ProudProgressiveNow Nov 2012 #4
Cha Nov 2012 #7
kardonb Nov 2012 #15
Cha Nov 2012 #5
WallaceRitchie Nov 2012 #9
WallaceRitchie Nov 2012 #6
summerschild Nov 2012 #8
davidpdx Nov 2012 #10
JanT Nov 2012 #11
GitRDun Nov 2012 #12
central scrutinizer Nov 2012 #13
Stardust Nov 2012 #14
Grassy Knoll Nov 2012 #16
leanforward Nov 2012 #17
Lex Nov 2012 #18
SleeplessinSoCal Nov 2012 #19
Historic NY Nov 2012 #20
Notafraidtoo Nov 2012 #21
Helen Reddy Nov 2012 #25
TexasBushwhacker Nov 2012 #22
NCLefty Nov 2012 #23
world wide wally Nov 2012 #24

Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 09:23 PM

1. Tantrum throwers are not logical

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

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 09:29 PM

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

Last edited Mon Nov 12, 2012, 06:11 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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 09:49 PM

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?

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Response to struggle4progress (Reply #3)

Sun Nov 11, 2012, 10:02 PM

7. Precisely!

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Response to struggle4progress (Reply #3)

Sun Nov 11, 2012, 11:39 PM

15. whoa...

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

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:00 PM

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

Greedy Hate.

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Response to Cha (Reply #5)

Sun Nov 11, 2012, 10:06 PM

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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:00 PM

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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:04 PM

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!

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:12 PM

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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:13 PM

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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:17 PM

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.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 10:18 PM

13. ketchup on cardboard is pretty cheap to make

the profit margin for pizza is huge

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Response to central scrutinizer (Reply #13)

Sun Nov 11, 2012, 10:30 PM

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

Last edited Mon Nov 12, 2012, 10:34 PM - Edit history (1)

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

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 11:42 PM

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

Jerry Jones, Even Texas hates that asshole.

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Response to WallaceRitchie (Original post)

Sun Nov 11, 2012, 11:42 PM

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.

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Response to leanforward (Reply #17)

Mon Nov 12, 2012, 12:19 AM

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

and I'd rather get a local pizza anyway.



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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 12:25 AM

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.

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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 12:40 AM

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."

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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 01:59 AM

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.


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Response to Notafraidtoo (Reply #21)

Mon Nov 12, 2012, 09:20 PM

25. Thank you

 

for your personal insight!

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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 03:16 AM

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.

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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 03:24 AM

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

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Response to WallaceRitchie (Original post)

Mon Nov 12, 2012, 04:20 AM

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

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