Domino's leads the pizza pack in weekly stock market gains
Domino's first-quarter results might have missed the mark slightly last week, but investors didn't seem to mind.
Photo: iStock.
May 3, 2021
As the $28.6 billion worth of tax-free federal grant money known as the Federal Restaurant Revitalization Fund officially becomes available today, the U.S. Department of Commerce is reporting that nationally people are spending again, including in restaurants. That's making all restaurant commodities into very hot items these days as pizzerias and other categories of foodservice concepts work to keep up with demand.
In fact, one of the biggest commodity needs of all right now might be the flesh-and-blood workers so direly needed to prepare and deliver restaurant food to customers. As Domino's CEO Richard Allison told the Wall Street Journal this weekend, the demand for the brand's pies and its corresponding demand for delivery people has Domino's working to grow the numbers of deliveries each of its drivers make per hour, resulting in higher overall pay.