Posted on 08/08/2012 1:20:00 PM PDT by Lmo56
WASHINGTON (CBSDC) — Papa John’s warns it will have to raise the price of its pizzas due to President Obama’s health care law.
John Schnatter, CEO and founder of Papa John’s, said pizza will cost up to 14 cents more when the Affordable Care Act goes into effect in 2014.
“We’re not supportive of Obamacare, like most businesses in our industry. But our business model and unit economics are about as ideal as you can get for a food company to absorb Obamacare,” Schnatter said in a conference call during last week’s shareholder’s meeting, according to Politico.
Schnatter later added: “If Obamacare is in fact not repealed, we will find tactics to shallow out any Obamacare costs and core strategies to pass that cost onto consumers in order to protect our shareholders best interests,”
(Excerpt) Read more at washington.cbslocal.com ...
I took a real liking to Papa Johns pizza in the late 90s and got hooked on the garlic sauce.
Pizza like many fast foods has been scaled way back due to health and budget. When I have to run the server rooms on some weekends, Papa Johns is the first choice. Besides I am by myself so no haggling over toppings.
A small chain that in my area is called PieTanza and it is very good for a more sit down restaurant experience. The calzones are wonderful as well as the fries. Here is a view.
I hope Papa John is prepared to be audited every year for the rest of the century if Barry gets re-elected.I'm pretty sure his name has already been flagged.
It would be absolutely shocking and depressing to find out that someone wasn’t.
I think I’ve got enough Papa Points that I amassed last year to get a couple free pizzas. Now I can use them to get a higher priced pizza than I could have gotten last year. So, does that make Papa Points a valid hedge against inflation?
I want to feel like I am beating the system for once, somehow :)
And thank you as well for your son’s service. I know you are as proud of him as I am of my son.
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