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The Domino s effect : Company s stock price surge sets off chain reaction
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Papa John s International, Inc (NASDAQ:PZZA), (RAVE) - Stock Wars: Papa John s Vs Rave Restaurant Group
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Domino s, Pizza Hut score on brand reputation, stock value
The Colonial Pipeline ransomware attack is sucking cash out of pizza operators pockets in the form of higher gas prices, but generally lower prices for other commodities and some good news on the reputation front for two pizza brands is brightening the picture.
Photo: iStock.
For many in the pizza restaurant sector, one of the most precious commodities is their brand s reputation with consumers. That being so, at least two of the brands Pizza Marketplace tracks weekly here in the Commodities Report, have scored on at least one national consumer measurement of business brand reputation.
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 delive
Grand Rapids Business Journal
ANN ARBOR After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.
Domino’s and Papa John’s pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue seeing percentage declines well into this year.
Pizza delivery remains popular, but diners’ choices are expanding with more restaurants now offering delivery. In a survey of 3,500 U.S. restaurant operators last fall, the National Restaurant Association found that 27% had added delivery from a third party like DoorDash, while 17% had added in-house delivery. Pizza could also be pressured as the pandemic eases and dining rooms reopen.
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