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Updated · Bloomberg · Jul 20Domino's US Same-Store Sales Rise 0.1% in Q2 as Diners Pull Back
3 articles · Updated · Bloomberg · Jul 20Summary
- Domino's posted its weakest US comparable-sales growth in five quarters, with second-quarter same-store sales up just 0.1%.
- Budget-conscious diners cut back on eating out, while the chain's newer higher-priced menu offerings failed to generate stronger demand.
- That 0.1% gain matched analyst estimates but trailed broader Wall Street expectations for quick-service peers such as McDonald's and Chipotle.
- Elsewhere in the quarter, revenue rose 4.3% to $1.19 billion, helped by supply-chain growth that offset soft restaurant traffic.
Insights
What's causing the unexpected sales decline in Domino's crucial international markets? As a new CEO takes over, can Domino's pivot from tech back to taste to win over frugal consumers? Can Domino's supply chain thrive if its franchisee stores continue to struggle?