Domino’s pizza disclosed on Tuesday 26 May that its U.S. same-store sales plunged by 14% in the first two months of the second quarter.
Also, a 20.9% increase in sales from Monday, April 20 to Sunday, May 17.
The American multinational pizza restaurant chain made known that its domestic same-store sale jumped by 7.1% in the last 4 weeks.
Since the outbreak of the pandemic disease in the world, take-outs and food delivery is the new norm.
Ritch Allison, the Dominos’s Chief Executive Officer confirmed that consumers’ behavior has tilted towards delivery and take-outs.
Analysts forecasted that compared to other restaurants, delivery-based pizza chains like Domino’s would do better during this critical time as countries continue to battle against the pandemic.
The company’s CEO also disclosed that some of its international markets are struggling during this period and international sales rough.
About 900 of its international location are shut.
In the first two months of the second quarter, international same-store sales jumped by only 1%.
Domino’s shares also recorded 1% jump extended trading. It’s $14.3 billion stock is up 24% so far this year.
