DPZ - There's Still No Hint of a Slowdown in Domino's Soaring Pizza Sales
Investors had some good reasons to expect strong operating results from Domino's (NYSE: DPZ). While the COVID-19 pandemic initially pinched its U.S. business and sent sales lower in China, the pizza delivery specialist was poised to win market share as most of its sit-down competition temporarily closed its doors to diners.
This week, the chain revealed a few metrics describing its growth trends over the last two months, which roughly coincides with maximum lockdown measures in North America. The big picture shows surging sales gains in the U.S., but mixed results in other key markets.
Let's take a closer look.