Stephan Savoia/Associated Press
Yum Brands CEO Greg Creed mentioned Thursday that he has seen no unfavourable results from the corporate being related to the NFL or different sports activities leagues.
According to Kate Taylor of Business Insider, Creed mentioned, “We’re not seeing impact on any of that on our business,” in particular reference to Pizza Hut, which is among the many firms beneath the Yum Brands umbrella.
Creed’s feedback got here after Papa John’s founder John Schnatter mentioned Wednesday that the NFL has harm his enterprise on account of nationwide anthem protests and different points between the gamers and league management, per ESPN’s Darren Rovell.
Creed famous that Pizza Hut’s affiliation with the NFL, MLB and NCAA has been useful from a gross sales perspective.
According to Taylor, Papa John’s executives famous that they’re extra intently impacted by the NFL points than Pizza Hut since Papa John’s is the official pizza of the NFL, whereas Pizza Hut is a lesser sponsor.
Schnatter mentioned Wednesday that the NFL has displayed poor management and that social issues involving the gamers ought to have been “nipped in the bud” 18 months in the past, per Rovell.
Papa John’s President and COO Steve Ritchie mentioned the NFL was mainly responsible for a drop in gross sales with inventory within the firm falling by eight.5 % on Wednesday.
According to Rovell, Papa John’s is trying to distance itself from the league by eradicating the NFL defend from its commercials.
Papa John’s has lengthy been synonymous with the NFL due largely to former Indianapolis Colts and Denver Broncos quarterback Peyton Manning’s standing as a spokesperson and franchisee for the corporate.