![]() ![]() In other words, the delivery and carry-out chain keeps rolling out dough faster than Pizza Hut, Domino’s and Little Caesar’s can shout pepperoncini. According to the company’s annual report, Papa John’s total revenue increased to $161.5 million in 1994 from $89.2 million in 1993. Wall Street analysts and other business magazines, such as Forbes, Fortune and Inc., also have taken notice. Last year, Papa John’s was #1 on Business Week’s list of 100 Best Small Companies in America-based on its three-year results in sales growth, earnings growth and return on invested capital. In an industry already overcrowded with 60,000 pizzerias nationwide, Papa John’s is gaining visibility. So one day, the entrepreneurial lad knocked out the broom closet at Mick’s Lounge, installed an oven and began selling pizzas.įrom its grassroots beginnings in June 1985, Papa John’s has since become one of the fastest-growing pizza chains in the nation. Not only did he want to quickly apply his college education, he wanted to become rich as well. Years later, at age 21, after graduating from Ball State University with a business degree, Schnatter helped run his dad’s tavern in Jeffersonville, Indiana. “We had to grease and sharpen the blades before mowing my grandfather’s lawn,” says Schnatter, founder and CEO of Louisville, Kentucky-based Papa John’s International, Inc. But during the summer, the youth and his brother also learned to work hard and use the best tools available. His mother worried about her son’s competitive streak, he recalls with humor. Schnatter was a child, he used to cry whenever he lost at Wiffle™ ball. ![]()
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