Brief by Shorts91 Newsdesk / 10:21am on 29 Apr 2024,Monday Business
Domino's Pizza exceeded Wall Street expectations in Q1 with a 5.6% increase in U.S. same-store sales, driven by a revamped loyalty program and enticing promotions. CEO Russell Weiner noted growth in orders across all income groups. Analysts had forecasted a 4.04% rise. Initiatives like the updated loyalty program and a partnership with Uber Eats boosted delivery demand. Promotions, like offering a $3 coupon for online tips over $3, further bolstered consumer interest amid inflation concerns, defying the broader downturn in eating out.
