U.S. Pizza Deliveries Could Provide Gauge of COVID-19 Concerns

By Gerald Porter Jr.
Bloomberg

For those looking for a way to gauge virus concerns in the U.S., pizza takeout and delivery may offer a glimpse into consumers’ psyche.

Domino’s Pizza Inc. and Papa John’s International Inc. are both still logging accelerated sales growth, according to mid-quarter business updates, as Americans wary of COVID-19 remain hesitant to venture out into public places.

Papa John’s said Wednesday that its North American restaurants’ preliminary comparable sales growth was almost 34% from April 27 through May 24 and that it will continue to provide monthly sales updates. Domino’s said Tuesday that U.S. comparable store sales were up 21% from April 20 through May 17, though the company said it is unsure how long the trend will last.

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