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-0.000291477206482519 -0.000291477206482519 0.00525824880494338 0.0034394310364928 0.0015156814737087 -0.00349772647778957 -0.0176052232715402 -0.0160895417978315
Stock impact report

Domino's Is Today's Worst S&P 500 Stock. Inflation Hits Deliveries Business. [MarketWatch]

Papa John's International, Inc. (PZZA) 
Last papa john's international, inc. earnings: 2/26 07:00 am Check Earnings Report
US:NASDAQ Investor Relations: ir.papajohns.com
Company Research Source: MarketWatch
Domino's (ticker: DPZ) said Thursday it has continued to experience ongoing macroeconomic headwinds in the U.S., which led to “significant pressure on our U.S. delivery business in 2022.” The pizza maker now expects global retail sales growth of between 4% to 8% in the next two to three years. The company previously expected retail sales growth of between 6% and 10%. “Inflation impacted delivery due to the added expenses of fees and tips in that channel. Our research shows that a relatively higher delivery cost during inflationary times leads some customers to prepare meals at home instead of getting them delivered,” Chief Executive Russell Weiner said on the company's earnings call. He said this dynamic will continue to pressure the delivery category in the short term. Shares of Domino's sank 10.9% to $310.57 and were on pace for their largest percent decrease since May 2010, according to Dow Jones Market Data. The stock was the worst performer in the S&P 500 on Thursday. For Show less Read more
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