Papa Johns stock plummets as Q4 sales miss expectations, with North America same-store sales dropping 5.4%. The company attributes the slump to a challenging consumer environment and heavy promotions. Investors react harshly, sending the stock down by up to 7.7% in morning trading. Papa Johns now predicts a 2-4% decline in North America comparable sales for next year, contrasting with Wall Streets anticipation of a 0.5% gain. Meanwhile, rival Dominos reports positive results with stronger same-store sales and market share gains.
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