Domino's Pizza forecasts rise in comparable sales; pulls long-term outlook

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Domino's Pizza forecasts rise in comparable sales; pulls long-term outlook
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Domino's Pizza Inc on Thursday forecast a 7.1% rise in U.S. comparable store sales in the first four weeks of the current quarter, benefiting from home-delivery orders from diners put under lockdown to curb the spread of the coronavirus.

) on Thursday forecast a 7.1% rise in U.S. comparable store sales in the first four weeks of the current quarter, benefiting from home-delivery orders from diners put under lockdown to curb the spread of the coronavirus.

The new coronavirus has infected more than 2.62 million people globally, including nearly 840,000 in the United States. U.S. restaurants have asked Congress for more financial aid, saying they are on track to lose $240 billion by the end of the year. The government recently issued a $349 billion small business bailout fund as part of its economic rescue package.

Pizza chains, including Domino’s and rival Papa John’s , have recently added ten of thousands of jobs to cater to higher demand, as consumers rely heavily on home delivery for meals, with pizzas being one of the most popular options.

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