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U.S. pizza sales, booming in pandemic, start to slow | The China Post, Taiwan


ANN ARBOR, Mich. (AP) After a pandemic-fueled boom, U.S. pizza sales appear to be headed back to earth.
Domino’s and Papa John’s pizza chains both said Thursday that their same-store sales lost steam in the fourth quarter compared to the huge increases they saw earlier in 2020. Same-store sales are expected to continue seeing percentage declines well into this year.
Pizza delivery remains popular, but diners’ choices are expanding, with more restaurants now offering delivery. In a survey of 3,500 U.S. restaurant operators last fall, the National Restaurant Association found that 27% had added delivery from a third party like DoorDash, while 17% had added in-house delivery. Pizza could also be pressured as the pandemic eases and dining rooms reopen. ....

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Rave rockets forward, but so do gas prices


Rave rockets forward, but so do gas prices
Pizza Inn and Pie Five parent, Rave Restaurant Group, pulled out a substantial stock value gain over the course of last week s trading.
Photo: iStock
In the realm of publicly traded pizza stocks last week, chalk one up for the little guy. The smallest publicly traded pizza brand monitored by this site weekly, Rave Restaurant Group, managed to make a substantial percentage increase in its value over the trading week. The parent company of Pizza Inn and Pie Five gained 17 cents to close Friday at $1.06, marking one of the largest single-week gains the Dallas-based company has experienced in a long time. ....

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