Can Pizza Chains Keep Serving It Up?
As restaurant sales across the country continue to shrink, pizza chains are nabbing a bigger share of the pie. But new investors may be late to dinner.
Domino’s Pizza Inc. is expected to report fourth-quarter earnings of 25 cents a share on Tuesday, according to analysts polled by Thomson Reuters, compared with 17 cents a share a year ago, and revenue of $437.5 million, up 2.2%.
It is a respectable performance amid a difficult year for the restaurant industry. Overall sales fell 1.2% in 2009 and traffic was down as much as 4% at its third-quarter nadir, data from the NPD Group show.
Against that backdrop, Domino’s and its two main rivals, Papa John’s International Inc. and Pizza Hut, which is owned by Yum Brands Inc., have emerged in relatively good shape.
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