Shelly Banjo, Columnist

Restaurant Recession? Pizza Party!

Domino's and its rivals keep selling even when other eateries clear out.

August 2, 2016 at 1:20 PM UTC

Shelly Banjo leads the global business team for Bloomberg News in New York. A former New York bureau chief and senior tech writer, she’s covered business, finance and economics for two decades.

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Restaurants are having a pretty unappetizing earnings season.

Fifteen of the 16 restaurant chains that have reported second-quarter earnings so far said sales were down from a year ago, or that growth had slowed from the previous quarter. For the first time since 2009, average comparable sales for the group turned negative.