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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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GTA VI Delay Fears Reignite As Ex-Rockstar Developer Says He "Would Not Be Shocked"
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75% Of US GDP Growth In The First Quarter Was Due To AI
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On the surface, today's final revision (aka 3rd estimate) of the US Q1 GDP print was unremarkable: Real GDP grew 2.1% annualized in the first quarter, a reversal of last month's downward revision of 1.6%, but back to where the original print was when it was reported in April, when the BEA reported 2.0% growth.
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