Chain trims outlook for coming years, expects delivery sales to remain depressed as consumers feel squeezed
Updated Feb. 23, 2023 12:18 pm ET
Domino’s Pizza Inc. said that its U.S. delivery business has taken a hit because consumers are cooking their own food at home to save money.
The global pizza chain Thursday reported fourth-quarter sales that missed analysts’ estimates and it cut its two-to-three-year sales outlook, pointing to challenges to its U.S. delivery business that it said it expected to last. Domino’s relies on delivery sales for its U.S. business.
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