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Posted on : 26-04-2006 | By : RohailR | In : Investing

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The stock jumped today $3.50 on news that Phil Dolori is being promoted to Group President. Also, Papa John’s announced a deal with Middleby yesterday stating it has made an agreement with Middleby for purchase of energy-efficient ovens that can make pizza in 5-7 minutes and “has the exclusive right through 2008 to purchase the patented oven and has committed to the purchase of 1,500 or more by the end of 2008. The company expects that the oven will be installed, usually two per restaurant, in all 500+ company-owned domestic Papa John’s restaurants by mid-2007 and an additional 250 or more franchised or company-owned Papa John’s restaurants through 2008.” Exciting news for the company, I’m sure.

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