In a year when U.S. restaurant chains have bemoaned sluggish traffic, competition from supermarket food and even the chilling effect of the presidential election, one area has continued to thrive: pizza.
Shares of Domino’s Pizza Inc. are up 45 percent this year. And Papa John’s International Inc. is up more than 60 percent. Compare that with a 3.4 percent gain for the Standard & Poor’s 500 Restaurants Index.
The reasons are pizza is cheap, fast and increasingly easy to get — thanks to user-friendly mobile-ordering apps and technology that lets diners order from Facebook, Twitter and Apple TV. That’s helped insulate pizza chains from a shift away from eating out.
Can these people ever stop? What “chilling effect of the presidential election”? The stock market is up 1000 points since it was “chilled” off by Trump’s election. I don’t give a rip what they think about the man–that’s their right; but don’t lie to me anymore. It just is getting wearisome.
The reason fewer folks are eating out is that it’s too darned expensive. Contrary to what the Obama Administration would have the citizens of the US believe, the true unemployment rate is disastrous http://www.cnsnews.com/news/article/susan-jones/americans-not-labor-force-participation-rate-risesdrops And many of those who are employed are underemployed; they took low-paying jobs just to bring some money in, or have benefits. I know; my family are among them.