By Mark Kalinowski
Published on April 15, 2020 at 12:00 AM
The price of block cheese has deteriorated from $1.8375 per pound as of March 23rd to $1.01 per pound as of April 14th. In our coverage list, the largest potential beneficiary of this dynamic is Papa John’s (PZZA; Buy), which owns and operates about 18% of its North American store base (or to look at it another way, Papa John’s owns and operates about 11% of its worldwide store base).
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By Mark Kalinowski
Published on January 3, 2020 at 12:00 AM
Reminder! Institutional investors are invited to join Kalinowski Equity Research as it hosts a group lunch with Domino’s management in Orlando, Florida (during ICR Conference 2020) on Tuesday, January 14th.
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By Mark Kalinowski
Published on December 23, 2019 at 12:00 AM
We recently met with Papa John’s (PZZA; Buy) — including (1) President and CEO Rob Lynch, (2) CFO Joe Smith, and (3) VP Strategic Planning Steve Coke — in Louisville, Kentucky. We thank them for their time! Topics of interest that were asked about include culinary innovation, relations with franchisees, and why Mr. Lynch decided to leave his prior employer to become Papa John’s CEO. We maintain our Buy rating on PZZA, and note the following:
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