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Papa Johns CFO Exit and Market Fallout | Business and Finance News
Description
Papa John’s stock tumbled 4.5% after CFO Ravi Thanawala stepped down immediately to join another public company, with Chris Collins named interim CFO—no rift cited. The move follows a turbulent year of 25+ five-percent swings, and comes amid rising input costs for food, fuel, and fertilizer, squeezing margins for pizza chains. The stock is down 13% year-to-date and trades far below its October high, making a five-year $1,000 investment worth far less today. Market volatility and external pressures underscore how fast fortunes can shift for restaurant stocks.
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