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Papa John's CEO says they are going to have to raise the price of their pizza by .15 because of Obamacare. Can't afford to offer healthcare benefits to their employees. My goodness they only made mid 40 million in net profit.:confused::confused:
http://www.forbes.com/sites/calebmel...bamacare-math/
Thier Pizza. Papa JohnsQuote:
Originally Posted by murral stark
Costs get passed to consumers without our knowledge all the time. If you've ever bought a gallon of gas you should know that you have no control over policy driven price changes. It's $0.15 though, we have bigger fish to fry.
I just found it humorous is all.
very good pizza....but maybe they need to quit paying Peyton Manning to give away 2M pizzas or quit hosting a CFB Bowl game
Thing is you are looking at the profits of a corporation. Many of your local Papa John's are franchises owned by a small business owner not the big bad corporation.
Kinda what I was thinking Bon.Quote:
Originally Posted by BonMallari
Quote:
Originally Posted by luvmylabs23139
So what. It is publicly traded company and he has made the statement that it is going to increase the cost of pizza by .15 when actually if you read the forbes article, it only equates to roughly .04 per pie. As Bon said, quit spending obscene amounts of money on Peyton Manning and giving away 2million pizzas, plus not sponsoring a bowl game, they could probably afford to keep their cost down and provide their employees with benefits. blaming Obamacare for that is bull stuff.
If you don't want to pay the extra .15 then don't. Atleast you have a choice to do so. But I suppose you want the gov to mandate cheaper pizza.Quote:
Originally Posted by murral stark
Well, at least they are passing this cost on to consumers rather than hurting their profit margin. You would hate to see that because then there would be less to trickle down.