BOSTON — John Schnatter, (now former) CEO of pizza chain Papa Johns, blamed declining sales on NFL anthem protests during the company’s quarterly earnings report. Papa John’s ($PZZA) trading fell by as much as 12%, losing about $70 million in value.
In a thinly veiled shot at commissioner Roger Goodell, Schnatter argued that the issue “should have been nipped in the bud” a year and a half ago, when Colin Kaeperinck first started to protest during the national anthem.
He went on to say that “once the issue is resolved” that he is “optimistic the NFL’s best years are ahead.” Papa John’s also announced they would be removing the NFL logo from all advertising campaigns in an attempt to distance themselves from the league and the protests, which he stated is “polarizing the customer, polarizing the country”.
Schnatter, an outspoken supporter of President Trump, is no stranger to mixing pizza and politics.