Domino's Exec Says United States Delivery Business Comp Sales Down 3% In 2023, YTD; United States Carryout Business Comp Sales Up 7% In 2023, YTD
Portfolio Pulse from Benzinga Newsdesk
During Domino's Investor Day, an executive reported that the company's United States delivery business saw a 3% decline in comparable sales year-to-date (YTD) in 2023. Conversely, the United States carryout business experienced a 7% increase in comparable sales YTD in 2023.
December 07, 2023 | 2:15 pm
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Domino's Pizza Inc. (DPZ) reported a 3% decrease in US delivery comparable sales but a 7% increase in US carryout comparable sales for 2023 YTD.
The news presents a mixed impact on Domino's stock. While the decline in delivery sales could be seen negatively, the increase in carryout sales might offset investor concerns. The net effect on the stock price could be neutral in the short term as the market processes both aspects of the company's performance.
CONFIDENCE 90
IMPORTANCE 75
RELEVANCE 100