Domino's sales rise faster than expected as coronavirus spreads

Domino's Pizza Inc. (DPZ) says global retail sales are up -- so far, 4.4% in preliminary first-quarter numbers it shared on Monday. The pizza chain, which last week vowed to hire 10,000 more workers, has closed a handful of U.S. stores. "We don't typically provide a business update outside our normal quarterly cadence, but we recognize that these are not normal times," Domino's Chief Executive Ritch Allison said in a statement. Domino's is scheduled to release its final quarterly results on April 23. Domino's shares were down 3% in after-hours trading Monday, but up 39% over the last year. The broader S&P 500 index is down 8% in the last year.

-Jon Swartz; 415-439-6400; AskNewswires@dowjones.com


  (END) Dow Jones Newswires
  03-31-20 1056ET
  Copyright (c) 2020 Dow Jones & Company, Inc.

News, commentary and research reports are from third-party sources unaffiliated with Fidelity. Fidelity does not endorse or adopt their content. Fidelity makes no guarantees that information supplied is accurate, complete, or timely, and does not provide any warranties regarding results obtained from their use.