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0 -0.00134142073953103 0.000233290563396664 -0.00204129242972118 0.00530736031727515 0.0107313659162487 0.0113145923247404 0.0113145923247404
Stock impact report

Domino's stock tumbles 11% as delivery problems persist [CNN]

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: CNN
In the last quarter of 2022 sales at locations open at least a year ticked up just 0.9% in the United States, below analyst expectations. Shares plunged about 11% on Thursday following the results. “We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. In the fourth quarter, deliveries at stores open at least a year fell 6.6% compared to the same period last year, CFO Sandeep Reddy said during an analyst call Thursday. The company expects the problem to continue this year. With inflation still high , customers might think that delivery fees, which are set by local stores and franchises, just aren't worth it. “As we saw in the last recession, delivery moves with the economy, especially for customers with lower disposable income, who represent a significant portion of our business,” Weiner said. “Every day, delivery customers will be deciding where to spend their hard-earned d Show less Read more
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