Published: Thu, March 08, 2018
Sports | By Brett Lawson

Peyton Manning sells stake in more than two dozen Papa John's locations

Peyton Manning sells stake in more than two dozen Papa John's locations

In the fourth quarter ended December 31, 2017, Papa John's posted net income attributable to the company of $28,509,000, down from $32,630,000 reported in the year-ago quarter.

The NFL's official sponsor since 2010, Papa John's likely did not endear itself to the league when founder John Schnatter previous year blamed the company's decline in sales on a protest by NFL players who kneeled during the national anthem.

Although Manning no longer owns stores, he still remains a "spokesperson and brand ambassador" for Papa John's in part to a long-term agreement the two parties have, USA Today reported. By that time, Manning had already starred in an NFL-themed commercial alongside Schnatter.

Manning, who won titles with the Indianapolis Colts and Denver Broncos, is hoping to follow Tony Romo into the broadcast booth, where the former Dallas Cowboys quarterback shined for CBS Sports in his first year since retiring from the National Football League last season.

Peyton Manning has sold his stake in all 31 of his Papa John's outlets in the metro area.

Italy player and Fiorentina FC captain Davide Astori dies, aged 31
Astori made his Italian debut in 2011 and played at the 2013 Confederations Cup in Brazil, where he scored against Uruguay. He joined the latter on a permanent basis in 2016 and made 57 appearances for the Florence squad, scoring three times.

Last week, Pizza Hut announced it would be the new pizza sponsor of the NFL. The stake was part of a joint venture with Papa John's worldwide.

Manning, who retired as the Denver Broncos' quarterback after winning Super Bowl 50 two years ago, could not be reached for comment.

"NFL leadership has hurt Papa John's shareholders", Schnatter said in a November earnings call with analysts.

Manning, who is an ambassador for the brand, gave up the franchises just two days before the National Football League and Papa John's ended their commercial relationship in February.

Papa John's said in a news release that its fourth-quarter sales were down by almost 4 percent in 2017, compared to 2016 sales for that same time period.

Like this: