Papa John’s Sales Surge and Japan’s Nippon Telegraph’s $38 Billion Dollar Buyout
On Tuesday, Papa John’s reported that September systemwide North American comparable sales rose 18.4%. That marks the sixth month of this year where the pizza delivery company reached double digit sales growth.
Since the coronavirus began, Papa John’s has been providing a monthly business update due to the uncertainty the pandemic created. Only 90 of their 2100 franchised locations are temporarily closed. This data is reflected in their share price as Papa John’s stock continues to do well this year and is up 32% year to date.
Nippon Telegraph & Telephone
Nippon Telegraph & Telephone, a Japanese telecom giant announced on Tuesday that it will spend 4.3 trillion yen or $38 billion in USD equivalent to buy out and take its mobile unit NTT DoCoMo.
The move is designed to compete in an ever more challenging landscape. NTT’s CEO Jun Sawada said, “We want to be a game changer.” Once finalized, this will be one of the largest ever deals of this kind.
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