Consumers seen spending less on eating out
Domino’s Pizza fell short of market expectations for second-quarter same-store sales on Thursday as US consumers, particularly in the lower-income group, spent less on eating out or ordering in.
Domino’s US same-store sales growth of 4.8 per cent in the quarter fell just short of expectations of growth of 4.91 per cent, according to LSEG data. Analysts, however, had expected tougher competition for Domino's this quarter as fast-food peers also ramped up value offerings and promotions.
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