Domino's Pizza Exec During Q2, Average Price Increase Across Our U.S. System Was 3.9%; Expect Average Pricing To Be Similar In Q3 Before Moderating In Q4 To About 2%; U.S. Delivery Business Continues To Be Challenged; Q2 Delivery Same-store Sales Declined
Portfolio Pulse from Happy Mohamed
During Q2, Domino's Pizza reported an average price increase across its U.S. system of 3.9%. The company expects similar pricing in Q3 before moderating to about 2% in Q4. However, the U.S. delivery business continues to face challenges, with Q2 delivery same-store sales declining.
July 24, 2023 | 12:46 pm
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Domino's Pizza reported a Q2 average price increase of 3.9% across its U.S. system, with similar expectations for Q3. However, the U.S. delivery business is facing challenges, with declining Q2 sales.
The reported increase in prices could potentially lead to a decrease in demand, negatively impacting sales and revenues. The decline in Q2 delivery same-store sales indicates that the company's delivery business is underperforming, which could negatively impact the company's overall performance.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100