Domino’s US Same-Store Sales Fall for First Time in a Decade as Demand Slows

Domino’s Pizza Inc. posted on Thursday its first drop in U.S. same-store sales in over a decade, signaling a slowdown in delivery demand for the world’s largest pizza chain as consumers move away from their pandemic food-ordering habits. As COVID-19 curbs ease, Americans, who spent the last year ordering in, have started to eat out at restaurants, slowing sales at Domino’s that gets most of its business from deliveries and take-away orders. Same-store sales at the company’s U.S. restaurants fell 1.9 percent during the reported quarter, compared with estimates of a 1.89 percent increase, according to IBES data from Refinitiv. Its U.S. same-store sales had jumped 17.5 percent a year ago. Domino’s performance could set the tone for earnings from other fast-food chains that benefited heavily during lockdowns, with customers now turning to traveling and dining outdoors. A severe labor crunch in the United States also threatens businesses of fast-food …

Originally appeared on The Epoch Times

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