Papa John’s International Inc. reported its first annual sales decline in nearly a decade and forecast a challenging first half of 2019, underscoring a tumultuous year in which it lost a deal with the National Football League and ended up in an all-out fight with founder John Schnatter. This year, Papa John’s projects break-even to 50 cents a share profit, or $1 to $1.20 a share as adjusted, with comparable sales in North America falling 1% to 5%. Analysts surveyed by FactSet forecast a profit of $1.26 a share and comparable...

Source: Wall Street Journal February 26, 2019 22:30 UTC