April 28 (Reuters) - Domino's Pizza on Monday
posted a surprise decline in first-quarter U.S. same store sales
as consumers curbed spending on dining out amid high inflation
and macroeconomic uncertainty.
The world's largest pizza chain's same-store sales in the
U.S. fell 0.5%, compared with analysts' average estimate of a
0.49% rise, according to data compiled by LSEG.
President Donald Trump's erratic trade policy has fanned
fears of a recession in the United States, affecting demand for
discretionary items, as well as dining out.
Domino's Pizza's newly launched parmesan-stuffed crust pizza
and promotional "boost weeks", offering 50% off on all online
orders, helped drive some demand, analysts have said.
For the first quarter ended March 25, the company posted
earnings per share of $4.33, beating analysts' average estimate
of $4.07.
International same-store sales grew 3.7%, ahead of analyst
estimates of 1.93% growth.
Earlier this month, Domino's announced a partnership with
DoorDash ( DASH ), which will allow users to place orders via
the DoorDash ( DASH ) app when it's launched nationwide in May.