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Domino's US Sale Growth Hits Five-Quarter Low As Budget Diners Pull Back
Domino's US Sale Growth Hits Five-Quarter Low As Budget Diners Pull Back
Domino's Pizza posted its softest US comparable-sales growth in five quarters as inflation and the national average price for regular gasoline above $4 a gallon pressured working-poor consumers.
Second-quarter same-store sales rose a measly .1%, in line with estimates but trailing the growth expected across much of the quick-service restaurant industry (QSR).
Snapshot of 2Q earnings results (courtesy of Bloomberg):
Total domestic stores comp sales growth +0.1%, estimate +0.11% (Bloomberg Consensus)
Domestic franchise comparable sales growth 0%, estimate +0.07%
Domestic co-owned comparable sales...
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Iraqi Protesters Overrun Kuwait Consulate, Angry Over Role In US Actions
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Close US ally Kuwait finds itself under growing political pressure from its neighbor Iraq, related to the ongoing Iran war.
Angry crowds stormed the Kuwaiti consulate in Iraq's southern Basra governorate on Tuesday after rockets which came from the direction of Kuwait killed three people, according to police sources cited by Reuters and Al Arabiya.
BREAKING: Supporters of Iraq’s pro-Iranian Popular Mobilization Militias storm the Kuwaiti Consulate in Basra Province, Iraq, in protest against Kuwait's role with the U.S. in the...
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May 11, 2026 / Tyler Durden
Memory Crunch Sends Nintendo Shares Deeper Into Bear Market
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Nintendo shares plunged deeper into bear-market territory Monday after the company's full-year operating income forecast missed Bloomberg Consensus estimates. Traders were spooked on soft Switch 2 hardware and software guidance, and the margin squeeze from surging memory-chip costs continues to weigh on earnings, first pointed out by Goldman in late Decemeber.
Nintendo forecast 16.5 million Switch 2 console sales and 60 million software copies this year, disappointing Wall Street analysts who were expecting a much stronger forecast after the console's launch nearly...
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