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Domino's posts upbeat profit, revenue as new menu items boost sales

Domino's is one of the biggest beneficiaries of the pandemic-induced lockdowns

Domino's Pizza | US companies

Praveen Paramasivam 

Domino's Pizza Inc beat estimates for quarterly revenue and profit on Thursday, as its new menu items, including cheeseburger and chicken taco pizzas, whipped up demand from Americans ordering food from the comfort of their homes. Shares of the company rose nearly 12% to hit a record high of $526.29, as the pizza chain also authorized a new $1 billion share buyback plan. Domino's, one of the biggest beneficiaries of the pandemic-induced lockdowns, is striving to keep up the momentum of 18 months by opening new stores to cut delivery times and introducing contactless ...

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First Published: Thu, July 22 2021. 21:30 IST