Complete Godfather’s Pizza Sales Figure from the Herman Cain Years
Black Enterprise Magazine, Feb 1988
Herman Cain bases his campaign for the presidency on his success as a manager and CEO of Godfather’s Pizza. Herman Cain claims to have brought Godfather’s Pizza from the edge of bankruptcy to profitability during his time there. He has never released any annual profit and loss statements to back this up. The company reached all time high profits in 1983, was still profitable in 1984, and only apparently was not profitable in 1985 due to a lawsuit. That lawsuit was settled before Cain became manager in 1986. It is a false statement that the company was on the edge of bankruptcy when he took over.
The only real objective evidence that is publicly available for how well he did is annual sales. How much did sales increase or decrease during Cain’s time at Godfather’s Pizza? Competition wise, Godfather’s dropped from fifth largest sales among Pizza chains to 11th during the time he was associated with the company. Here is a year by year breakdown:
B.C. (Before Cain)
1983: $340 million[i]
1984: $365 million[ii] (900 stores)
1985: $325 million[iii] (720 stores)
Pillsbury assigns Herman Cain to run Godfather’s Pizza in April 1986
1986: $275 million[iv] (640 stores)
1987: $260 million[v] (605 stores) (sales per store $414,000)[vi]
1988: $242.5 million[vii] (563 stores) Pillsbury sells Godfather’s Pizza to Cain and management group in a leveraged buyout for $40 million.
1989: $225 million[viii] (509 stores)
1990: $229 million[ix] (512 stores)
1991: $231 million[x] (525 stores)
1992: $242 million
1993: $249.5 million
1994: $244 million[xi] (514 stores) (sales per store 490,000)
1995: $260 million (525 stores)
1996: $265.5 million (540 stores) (sales per store $500,000) Cain becomes CEO of the National Restaurants Association in 1996, but was still on Godfather’s Management Board.
1997: $270.8 million[xii]
1998: $280 million
1999: $280 million
2000: $288 million[xiii]
2001: $280 million
2002: $287 million (560 stores) (sales per store 502,200)[xiv] Cain steps down from Godfather’s Management Board
2003: $304 million[xv]
Three time loser retread troll zot.