Papa John’s International, Inc. Form 8-K (March 9, 2022)

Papa John’s states in an 8-K that it faces a potential one-time, non-cash hit of up to $15.2 million, primarily related to loans associated with its Russian franchisee, but that 2021 royalties from the Russian operation represented less than 1% of total revenue and about 1% of operating income.

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