Domino’s Pizza CEO Russell Weiner told CNBC that he thinks the company can steal market share from its competitors during the industry downturn. The pizza chain reported second-quarter U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2% increase. Executives said that Domino’s grew sales across all income cohorts, including low-income customers, bucking the industry trend.
As the restaurant industry aims to lure frugal consumers with discounts and deals, Domino’s Pizza thinks it can steal diners from its competitors.
“I think the industry headwinds are actually tail winds for us. Meaning, of course, they’re headwinds, but we’re going to gain [market] share during this time frame,” CEO Russell Weiner told CNBC on Monday.
Domino’s on Monday reported second-quarter U.S. same-store sales growth of 3.4%, topping StreetAccount estimates of a 2%