In today’s news:
Along with its Q1 results, Domino’s Thursday offered a window into its Q2 performance so far, which provided some telling metrics.
Firstly, the chain’s Q1 same-store sales climbed 1.6 percent, year-over-year, in the U.S., marking 36 consecutive quarters of positive gains. That was Domino’s lowest figure since Q2 2011, but it wasn’t unexpected.
What’s happened in the first four weeks of Q2 (March 23 to April 19) has been more enlightening. Domino’s witnessed U.S. company comps jump 10.6 percent. Franchises are up 6.9 percent. Blended, it’s a 7.1 percent year-over-year same-store number.
Today, Domino’s 6,156-unit U.S. business is facing fewer than 20 temporary store closures due to Covid-19.
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