Reuters
Mon, Apr 28, 2025, 3:14 AM 1 min read
In This Article:
(Reuters) -Domino's Pizza connected Monday posted a astonishment diminution successful first-quarter U.S. aforesaid store income arsenic consumers curbed spending connected eating retired amid precocious ostentation and macroeconomic uncertainty.
The world's largest pizza chain's same-store income successful the U.S. fell 0.5%, compared with analysts' mean estimation of a 0.5% rise, according to information compiled by LSEG.
President Donald Trump's erratic commercialized argumentation has fanned fears of a recession successful the United States, affecting request for discretionary items, arsenic good arsenic eating out.
Domino's Pizza's recently launched parmesan-stuffed crust pizza and promotional "boost weeks", offering 50% disconnected connected each online orders, helped thrust immoderate demand, analysts person said.
The company's shares fell astir 2% successful premarket trading. They person risen astir 16% truthful acold this year.
For the archetypal 4th ended March 25, the institution posted net per stock of $4.33, beating analysts' mean estimation of $4.07.
International same-store income grew 3.7%, up of expert estimates of 1.93% growth.
Earlier this month, Domino's announced a concern with DoorDash, which volition let users to spot orders via the DoorDash app erstwhile it's launched nationwide successful May.
(Reporting by Juveria Tabassum successful Bengaluru; Editing by Shinjini Ganguli)