Domino's Reports Faster Sales Growth in Q3
The demand for pizza delivery continues to rise even as the global pandemic stretches on. On Thursday, Domino's Pizza (NYSE: DPZ) announced accelerating sales gains for the third-quarter period that ran through early September. The delivery leader paired that success with surging profits.
Sales sped up both in the U.S. market (from 16.1% to 17.5%) and internationally (from 1.3% to 6.2%) as consumers continued to direct spending toward the convenience of home delivery. Yet that U.S. metric left room for rival Papa John's International to close the market share gap, given that it last reported 18% growth through late September.
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Source Fool.com
