Food & Drinks
Nobody Is Eating Out Anymore, They're Just Ordering Pizza
- Shares of Domino’s, Papa John’s have outperformed rivals
- Cheap deals and covenience have made pizza chains stand out
In a year when U.S. restaurant chains have bemoaned sluggish traffic, competition from supermarket food and even the chilling effect of the presidential election, one area has continued to thrive: pizza.
Shares of Domino’s Pizza Inc. are up 45 percent this year. And Papa John’s International Inc. is up more than 60 percent. Compare that with a 3.4 percent gain for the Standard & Poor’s 500 Restaurants Index.