What's Eating This Stock's Profits?
Domino's Pizza (NYSE: DPZ) reported fiscal 2022 second-quarter earnings on July 21. The figures showed that the international pizza company's profits fell from the same quarter in the prior year. It follows that investors were curious about what was eating into Domino's earnings.
The company thrived at the pandemic's onset when many governments restricted people from dining in person at restaurants. Sales and profits surged for Domino's as its delivery model was tailor-made to benefit from that kind of operating environment.
However, that benefit is fading due to the economic reopening that has consumers leaving their homes more often, doing things they missed out on during the earlier stages of the outbreak. So let's dive deeper into Domino's second-quarter figures and see what caused the drop in earnings.
Source Fool.com
