Domino’s Pizza stock was sinking Thursday after the company lowered its retail sales outlook as macroeconomic pressures have hit its delivery business. Domino’s (ticker: DPZ) said Thursday it has continued to experience ongoing macroeconomic headwinds in the U.S., which led to “significant pressure on our U.S. delivery business in 2022.” The pizza maker now expects global retail sales growth of between 4% to 8% in the next two to three years. The company previously expected retail sales growth of between 6% and 10%. Already a member? Sign In Retail Earnings Indicate Unclear Outlook. Why the Fed Needs Consumers to Cut Back. March 1, 2023 6:11 am ET Order Reprints Print Article Getty Images Target’s stock managed to get a bit of a bump yesterday after the retailer reported stronger-than-expected fourth-quarter earnings. But the shine was starting to come off by the end of the day, at least in part because the guidance was weaker than anticipated. There’s a general confusion about what’s going on with consumers. Everyone has been expecting a slowdown. But spending has held up well when confronted with the fastest inflation in a decade, rising interest rates, and a miserable housing market .
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Invest The Invisible Impact
K&X Design and Investment Technology, LLC
Invest The Invisible Impact
