Domino's Pizza Tops Quarterly Results Estimates as US Consumers Seek Value Meals
Domino's Pizza posted better-than-estimated profit and U.S. same-store sales for the third quarter on Tuesday, driven by promotions and new menu items as consumers tighten their budgets amid economic uncertainty.
The company's shares rose 2% in premarket trading. The results come at a time when persistent inflation, economic uncertainty and repeated menu price hikes have prompted consumers to prioritize value when dining out or ordering in.
To cater to the shift in consumer spending, Domino's revived its "Best Deal Ever" promotion...
To Read Full Story Login Below.
Submit comment or question
Note: All comments are displayed with user's screen name. If screen name is not present, user's full name will be used. Please go to My Account to update your screen name.
Comment Policy: Urner Barry has made the comment feature available to encourage further discussion of our news stories. Defamatory or offensive comments, or comments deemed not relevant to the story will be removed, and if necessary, Urner Barry may restrict the right of individual subscribers to offer comments. In all cases, comments represent opinions of the poster only, and do not represent fact, news, opinions or estimates put forward by Urner Barry.
Email Address is required. Password is required.