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Stock impact report

Domino's beats U.S. sales estimates as deals attract budget-conscious customers [BNN Bloomberg (Canada)]

Yum! Brands, Inc. (YUM) 
Last yum! brands, inc. earnings: 4/29 07:00 am Check Earnings Report
US:NYSE Investor Relations: yum.com/investors
Company Research Source: BNN Bloomberg
Consumers, especially from lower-income households, are increasingly opting for home-cooked meals over eating out as they tighten budgets amid rising prices on daily essentials, such as groceries and other food items. Domino's is offering more promotions to attract customers, including the relaunch of its “Best Deal Ever” at US$9.99, as well as introducing fresh flavors and new menu items, such as Parmesan-stuffed crust pizza. In the fourth quarter, U.S. same-store sales at Domino's rose 3.7 per cent, topping analysts' estimates of 3.47 per cent, according to data compiled by LSEG. “Domino's continues to steal share in the U.S. pizza category,” said Ari Felhandler, analyst at Morningstar. The company is well-positioned to win consumers with its value menu, digital growth, and faster delivery, he added. Domino's also gained from its partnership with online food-delivery firms such as DoorDash , which helped the pizza chain expand its reach. CEO Russell Weiner said Domino's Show less Read more
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