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Chefs John McLemore Sr. and John McLemore II discuss the rise in food inflation under the Biden administration on ‘The Big Money Show.’\u00a0<\/p>\n<\/div>\n<\/div>\n<\/div>\n<\/div>\n
Domino’s Pizza on Thursday missed market expectations for its third-quarter revenue as higher menu prices and delivery charges discouraged inflation-weary consumers from ordering at the restaurant.<\/p>\n
Already pinched by higher prices for necessities, including rentals and borrowing costs, consumers are forced to spend their limited household budgets on cheaper home-cooked meals instead of ordering from restaurants, squeezing demand for Domino’s products.<\/p>\n
DOMINO’S RELEASES NEW ‘EMERGENCY PIZZA’ PROGRAM, OFFERING CUSTOMERS A FREE MEDIUM PIZZA WHEN MOST ‘NEEDED’<\/strong><\/p>\n Shares of the Michigan-based company were down about 3% in premarket trade as Domino’s posted a surprise drop in its U.S. same-store sales.<\/p>\n Domino’s, which became synonymous with quick home delivery around the world, has said that benefits from higher product prices would ebb as the year progresses. The company in July forecast an average price increase in the current quarter to be 2%, compared with a nearly 4% jump in the third quarter.<\/p>\n Dominos Pizza<\/strong><\/p>\n