Domino’s International Business Is Shrinking
Domino's (NYSE: DPZ) has fared better than most fast-food businesses through the start of the COVID-19 pandemic. The pizza delivery giant just announced that sales increased in the fiscal first quarter, which includes a few weeks of social distancing across North America and Europe.
Since the start of April, meanwhile, growth has shot higher in the U.S. market, where consumers are still spending more time at home. But Domino's is also seeing intense pressure on its international segment, which is burdened by the temporary closure of nearly 2,000 locations.
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Source Fool.com
