| newdiva1 wrote:|
| india100 wrote:|
Pizza Hut . The black owner of God Father went to prison . I use to love that Pizza . PAPA Johns racist views against President Obama stop our family from buying his pizza .
Word? What did Papa John say? Not that I bought his sh*t anyways. Our Dominos in the hood was better than his sh*t. Non cooked ass pizza.
LOL . When you have a moment Google his racist remarks during the first and second term . One example below . Cheap dog .
Papa John’s profits are up 25 percent—that’s why CEO John Schnatter’s threat to cut workers’ hours and raise the price of pizza by up to 14 cents to offset the company’s cost of Obamacare resulted in a widespread boycott of the pizza chain.
“I got in a bunch of trouble for this,” Schnatter said. “That’s what you do, is you pass on costs. Unfortunately, I don’t think people know what they’re going to pay for this.” The Affordable Care Act dictates that companies with 50-plus full-time employees must provide healthcare coverage to those workers. That means some companies will need to cut back on employee hours to avoid added healthcare costs, according to Schnatter.
Earnings Increased But You Can’t Afford to Offer Healthcare?
Schnatter’s announcement came right after President Obama’s reelection (Schnatter hosted a fundraiser for Mitt Romney), which signals that the Affordable Care Act should remain intact.
In the summer, Schnatter said he would have to raise the cost of pizza by 11 to 14 cents per pie because of healthcare reform, yet the company recently reported a 25 percent jump in earnings and is proudly touting that it will give away 2 million free pizzas during the NFL season.
Never mind that CNN refuted that figure, pointing out that many of Papa John’s employees already are part-timers who are not guaranteed company-sponsored healthcare coverage. The company’s own 2011 annual report states that “most restaurant team members [of which there are 14,400] work part-time and are paid on an hourly basis,” suggesting that only the approximately 2,100 full-time employees—who presumably already have coverage—would be impacted. Moreover, many of the chain’s restaurants are owned by franchisees who may not have 50 full-time employees and thus are not responsible for providing coverage.
But even if Schnatter’s estimated cost increases were accurate, this is a company whose adjusted earnings per share for the third quarter of 2012 surpassed the numbers from a year ago by 25 percent. Moreover, Papa John’s third-quarter total revenue jumped 6.5 percent year over year to $325.5 million and domestic company-owned restaurant revenue improved 11.3 percent to $143.4 million. Per its annual report, the company’s 2011 revenue was $1.22 billion.
Edited by india100 - Aug 07 2014 at 10:55pm