Domino's CEO Says Food Costs Are Soaring
Domino's Pizza (NYSE: DPZ) has thrived since the pandemic onset. The global quick-service pizza giant benefited when many restaurants were forced to turn away in-person diners. That created a surge in ordering food for delivery and pickup, an area Domino's excels at.
There was always a concern from investors that Domino's would be harmed when economies started reopening, but it's coming from a surprising factor. Investors thought it would be customer demand for ordering pizza that would fall off. Instead, it's rising costs causing the biggest headache for Domino's.
Image source: Getty Images.
Source Fool.com
