Papa John's Sales Plunge Following Racist Slur Controversy

Louisville-based Papa John's sales are plunging following the racist slur controversy surrounding the company's founder John Schnatter.

The pizza chain has seen a 16-percent drop in sales, amounting to a loss of about $68 million over a three month span.  

That three month span was when the racist slur used during a training call was making the most headlines.  

Executives say they expect overall sales for the year to be six to nine-percent lower than last year's nearly $2 billion.

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