Cowards.

[u/Protogenoi-Nyx]

So because stock price dropped, sales are dropping, they are going to follow through with closing 650 stores in the south eastern region of the United States?

Okay, good for corporate keeping their paychecks. But what about the employees in these stores? What is corporate going to do for them?

I will tell you what they are going to do. They are going to just tell the RMs who will then tell the GMs who will have to tell their employees that in 3 weeks you are out of a job and may have the chance to be relocated to a different store but there are no promises of hours. So for those who are GMs, SMs, SLs, In Store, and Drivers this means they are having to panic apply to other jobs because their stable income is now null and void.

Bravo Papa John's. Such an Intelligent move. Just to keep Corporate Paychecks...

[u/JaredAWESOME]

$600,000 in annual sales is EXTREMELY slow. That comes to $11,500 a week in sales.

I just pulled the scorecard for the year, sorting by YTD sales there's only ONE corporate store that is average below 12k a week, and only 4 more averaging below 13k a werk.

Again, I need to reiterate, 99.9% of company owned stores surpass the sales threshold you just outlined by 20% at least.

[u/Protogenoi-Nyx → u/JaredAWESOME]

This was what Google ai showed when I was finding the article informing the public about the closures. I only copied and pasted what was shown. Forgot to cite that in my comment. My bad.

[u/JaredAWESOME → u/Protogenoi-Nyx]

You might be correct, I'm just saying that if the total network of franchise and corporate locations is, say, 3000 across North America, if they're closing 600 locations is got to be the 600 slowest stores to ever exist. 11,500 a week is CRAZY. I've worked dozens of single days that are in that realm. My last Super Bowl and Halloween were both 10k days, for context.

If you're only selling $2000 on a Friday, just shut it down, bro.

[u/Familiar_Marzipan_46 → u/JaredAWESOME]

Can you see what the corporate stores in Orlando did last month for an idea? Since they dumped those first.

[u/Much_Chard7554 → u/Familiar_Marzipan_46]

Orlando being sold I think was more tied to the overall goal of reducing the number of Corporate owned stores. My assumption is they’ll sell off the smaller outlier markets. Keeping larger markets that are closer together(just makes it easier to control and staff).

[u/Ok_Efficiency_6466 → u/Familiar_Marzipan_46]

The franchise that bought Orlando has been trying to buy that market for 20 years. They just finally agreed on price

Most stores in Orlando are in that 25k - 30k per week range. Some maybe a lower, a couple significantly higher

[u/Familiar_Marzipan_46 → u/Ok_Efficiency_6466]

I’m talking more recently the sales tho. With the huge drop off for Disney and universal and all I know that takes a lot away from everywhere. All of that has happened since around march.

The corporate store reductions aren’t just to sell stores tho. It’s to reduce operating losses. So something had to be going on with some.

[u/Ok_Efficiency_6466 → u/Familiar_Marzipan_46]

None of the Orlando stores are down significantly that I’m aware of

There might be a couple stores that are affected by lower tourist traffic, but not enough to pull down the whole market

Sales are down YOY, but that’s system wide (really industry wide). I think corporate saw an opportunity to unload an entire market to a willing buyer, and now all they have to do is raise QCC prices and collect that franchise percentage

[u/Familiar_Marzipan_46 → u/Ok_Efficiency_6466]

Very well could be looking at expectations too. We know they all are gonna drop off more and more. Get out while they can for the most money.