Some came to conquer the pizza world, but couldn't get customers to latch on.
and actually declined by 0.8% for the entire year. As far as why sales are stagnating, CEO Russell Weiner pointed to a number of factors including higher delivery and tip fees driven by inflation, employee staffing shortages, and consumers returning to"pre-COVID eating habits".. As workers continue to seek out higher wages and better working conditions en masse, many just aren't interested in delivering pizzas anymore.
Domino's also lowered its two to three-year targets regarding both global retail sales and unit growth, and warned 2023's results for these metrics will likely come in at the bottom end of expected figures.Papa John's financials tell a similar story to that of Dominos. The mega-successful pizza brand boasting over 3,000 U.S. units saw its stock price hit an all-time high in 2021 at around $133 per share.
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