Domino’s Pizza Pops as Food and Drink Makers Parry Inflation
- Pizza chain joins PepsiCo in finding consumer resilience
- Persistent CPI increases to test willingness to spend
An employee places a pizza box onto a shelf at a Domino's Pizza restaurant in Chantilly, Virginia.
Photographer: Andrew Harrer/BloombergThis article is for subscribers only.
Domino’s Pizza Inc.’s better-than-expected quarterly sales are a further indication that even in the face of inflation, consumers are still indulging in their favorite meals and snacks.
Domino’s stock surged as much as 11% in New York trading, the most since July 2021, after US comparable-store sales beat analyst estimates. Overall it was a mixed quarter, with revenue in line with expectations and adjusted earnings per share missing the average analyst estimate.