Pizza Hut is the new official pizza sponsor of the NFL, replacing Papa John's

Discussion in 'Market News' started by sniper-academy, Feb 28, 2018.

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  1. sniper-academy

    sniper-academy Administrator Staff Member

    Sep 30, 2011
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    Yum Brands Inc. chain Pizza Hut announced Wednesday that it is the official sponsor of the NFL. Papa John's International Inc. said late Tuesday that it is ending its NFL sponsorship, shifting to sponsorship of 22 individual teams. In a joint statement, Papa John's and the NFL said the decision was mutual. Papa John's founder and former Chief Executive John Schnatter caused controversy in November when he said player protests were to blame for the company's poor sales. Pizza Hut's new sponsorship will begin with the 2018 NFL Draft, which will be held near the brand's headquarters in North Dallas. Pizza Hut has more than 7,500 restaurants in the U.S. Yum Brands shares are down 1.1% for the last three months, but up 22.8% for the last year. The S&P 500 index is up 16.1% for the past 12 months.

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