Papa Johns Pizza Founder John Schnatter arrives at the 47th Annual Academy Of Country Music Awards held at the MGM Grand Garden Arena on April 1, 2012 in Las Vegas.

John Schnatter is talking with private equity firms to buy Papa John’s

John Schnatter is having trouble letting go. The ousted founder of the Papa John’s pizza chain has reached out to a number of private equity firms in recent weeks to discuss partnering in a bid to buy the company, sources familiar with the situation tell CNBC. Schnatter, who already owns roughly 30 percent of Papa […]

A Papa John's location in Denver

Papa John’s could close up to 250 stores if sales do not improve: Analyst

Discounted pizzas and financial aid for franchisees aren’t doing much to curb Papa John’s sales woes. According to recent checks by Stifel, Papa John’s same-store sales remain under pressure in the third quarter and, if they do not improve, store closures won’t be far behind. In July, same-store sales at the beleaguered pizza chain plunged […]

Former NFL Star Cris Carter Delivers Papa John's Pizza In Phoenix, Arizona

Papa John’s investors may want to pay attention to the company’s debt

Investors may be captivated by the bitter battle between Papa John’s founder and its board. What they should be watching is the company’s debt levels. The falling pizza sales and bad publicity have left the company at risk of breaching its lending agreements on $579 million in outstanding debt if it can’t turn things around […]

Papa John's founder John Schnatter

Papa John’s founder John Schnatter lashes out at CEO Steve Ritchie 

In the latest development of the current crisis facing Papa John’s, ousted founder John Schnatter on Monday made a slew of accusations against Chief Executive Officer Steve Ritchie for causing the company’s poor performance. Those allegations, which Schnatter detailed in a letter addressed to franchisees on the website “,” blamed Ritchie for “bad financial decisions, […]

Papa Johns addresses customer outrage in first ad since founder ousted

Papa Johns addresses customer outrage in first ad since founder ousted

Papa John’s isn’t pulling any punches with its first new advertisement since its founder John Schnatter was ousted as chairman last month. On Friday, the beleaguered pizza chain published a video on social media that addressed outrage customers expressed following comments made by Schnatter in November about the National Football League and, more recently, his […]