Domino's and Papa John's shares sink after pizza chains deliver soft sales, outlook
Publishing timestamp: 2023-02-23 20:13:02
Summary
Shares of Domino's and Papa John's both fell after both reported soft sales figures. Domino's missed analyst estimates on U.S. same-stores sales and total quarterly revenue, while Papa John's came up short on sales in North America. Both companies have raised prices to offset rising food and labor costs. McDonald's and Yum! Brands both beat quarterly earnings and revenue estimates this quarter.
Sentiment: MIXED
Keywords: restaurants, business, breaking news: business, business news, earnings, mcdonald's corp, yum! brands inc, domino's pizza inc, papa john's international inc,
Source: https://www.cnbc.com/2023/02/23/dominos-pizza-dpz-papa-johns-pzza-earnings.html