The SCOTUS decision is expected within a few weeks. Here is some color on the subject from Seeking Alpha:Ĭoncern is growing in the restaurant sector over the implications of more than 40M Americans now on the schedule to restart making federal student loan payments in late August under the terms of the debt ceiling deal approved by Congress last week. Smucker ( SJM) being a substitute for Starbucks ( SBUX). I've expressed a similar sentiment in my article on J.M. The market has been concerned about a drying up of disposable income on the horizon. We are primarily a franchisor, with approximately 99% of Domino’s global stores owned and operated by our independent franchisees as of January 1, 2023.įranchising enables an individual to be his or her own employer and maintain control over all employment-related matters and pricing decisions, while also benefiting from the strength of the Domino’s global brand and operating system with limited capital investment by us. Company-owned stores through both the delivery and carryout service models. Founded in 1960, we are a highly recognized global brand, and we focus on value while serving neighborhoods locally through our large worldwide network of franchise owners and U.S. What they doĭomino’s is the largest pizza company in the world with more than 19,800 locations in over 90 markets around the world as of January 1, 2023, and operates two distinct service models within its stores with a significant business in both delivery and carryout. The chart Data by YChartsĪt near 30% off their high, the stock is certainly attractive from the perspective of being in a bear market of its own, down 20+%. However, sometimes fair is the best we get on some of America's best brands. I am currently considering it a fair buy, but not ultra cheap. Now that the price-to-earnings multiple has contracted, let's take a look at the fair price of Domino's. The stock used to be one of the larger holdings in Tobias Carlisle's Acquirer's Fund ETF ( ZIG ), that's where it first got on my radar, albeit I viewed it as expensive. Domino's Pizza ( NYSE: DPZ ), is a healthy margin small cap that is a mainstay of American fast food fare, trading at decade-low multiples of earnings. I'll be using some of the data he provided to me throughout the article. First, a thank you to fellow contributor Michael Dolen for bringing this one to my attention.
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