Shares of Papa John’s International Inc. fell nearly 4 percent Thursday,
a day after the pizza-delivery company said it will provide loans and offer some cost and royalty rate relief to its franchisees.
After the regular session closed Wednesday, the Louisville, Ky., company said it would provide loans to help “operationally strong” franchisees so they can acquire “troubled” franchise groups.
The fast-food chain said it would convene a “lender’s summit” to bring together regional banks and other lenders to explain its business model in a bid to expand credit to franchisees.
Logo from Papa Johns.
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