Total revenue rose 1.3% to $1.02 billion, but missed estimates of $1.04 billion hurt by a strong dollar. Carrie LaFrenz is a senior journalist covering retail/consumer goods. On an adjusted basis, the company earned $2.93 per share, beating estimates of $2.73. Domino’s Pizza shares gained 42¢ to 50.88, but are down about 25 per cent this year. same-store sales at Domino's, the world's largest pizza chain, rose 3.6% in the first quarter, compared with analysts' estimates of a 1.96% increase, according to Refinitiv data. Dominos Pizza Italian Sausage and Peppers Sandwich Chicken Parmesan Sandwich Mediterranean Veggie Sandwich Buffalo Chicken with Blue Cheese Sandwich Sweet. Small (10) Spinach & Feta (Hand Tossed, Handmade Pan or Thin Crust) 13.99.
However, CFRA Research analyst Siye Desta said consumer spending patterns will normalize with pizza delivery orders beginning to contribute to overall sales growth. Spinach & Feta (Hand Tossed or Thin Crust) 11.99. The delivery business was seeing a migration of demand to consumers returning to restaurants, Reddy added. In a bid to attract inflation-weary consumers, the pizza chain relaunched the $3 Carryout Tips promo, where customers who place a carry-out order of $5 or more earn a $3 promo that can be used for another carry-out order.ĭomino's Finance Chief Sandeep Reddy said on an earnings call that carry-out business was strong, with new menu item "Loaded Tots" seeing higher sales. Sign up for Dominos email & text offers to get great deals on your next order. Domino's in an attempt to protect its margins has raised prices on menu items and increased delivery charges. Order pizza, pasta, sandwiches & more online for carryout or delivery from Dominos. Restaurant chains from McDonald's Corp (MCD.N) to Chipotle Mexican Grill Inc (CMG.N) have seen prices of cheese and meat as well as fuel and labor increase. April 27 (Reuters) - Domino's Pizza Inc (DPZ.N) on Thursday warned of a slowdown in its delivery business as consumers opt to cook at home instead of ordering in, sending shares of the company down 6% and taking the shine off the better-than-expected first-quarter results.Ĭonsumers whose disposable income has already been stretched by elevated levels of inflation have become increasingly cautious about spending their dollars on pricier food items and higher delivery fees.
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