How Domino’s Pizza Is Handling the Coronavirus
The stock of Domino's (NYSE: DPZ) has trounced the market in the wake of the coronavirus pandemic, with shares up 42% in 2020 through mid-August. That performance puts the pizza chain ahead of nearly all its fast-food peers, with only Papa John's (NASDAQ: PZZA) and Chipotle (NYSE: CMG) shareholders faring better this year.
Domino's delivery-focused business made it a popular choice among consumers who had to dramatically shift spending away from full-service and fast-food dining as restaurants closed in March, April, and May. Sales spiked 16% in the fiscal first quarter, and the supply chain held up well despite the surging volumes. Papa John's has enjoyed even faster growth, though, with comps running at nearly 30% in recent months.
Image source: Getty Images.
Source Fool.com
