Jul. 21 at 2:09 AM
Domino's Pizza reported its weakest U.S. same-store sales growth in five quarters, with second-quarter comparable sales increasing just 0.1%, underscoring softer consumer demand as inflation and higher gasoline prices continue to pressure discretionary spending. While the result met analyst estimates, it trails the expected performance of other quick-service restaurant chains such as McDonald's and Chipotle, suggesting pizza sales remain particularly challenged.
The slowdown reflects broader headwinds facing national pizza chains, including Papa John's and Pizza Hut, as lower- and middle-income consumers reduce spending on dining out. Domino's is among the first major restaurant companies to report quarterly results, making its performance an early indicator of consumer spending trends. The company also announced last month that U.S. President and COO Joe Jordan will become CEO on October 1, succeeding Russell Weiner upon his retirement.
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