Domino’s Business Is as Strong as Ever
Investors had been hoping for good news from Domino's Pizza's (NYSE: DPZ) second-quarter results. The official accounting of growth through the early days of COVID-19 lockdowns in the U.S. was bound to show significant sales and market-share gains as customers turned to its delivery products while most sit-down and casual dining restaurants closed or scaled back their operations.
On Thursday, the pizza chain confirmed most of those positive trends, with sales jumping in the core U.S. market and continuing to rise internationally despite lingering store closures.
Consumer demand moved sharply with each passing week in the quarter, which started on March 23 and thus synced up almost exactly with maximum social distancing efforts in Europe and North America. Domino's said in late May that sales gains accelerated through most of April and May, and this report confirmed that blistering growth pace while adding some important context.
Source Fool.com
