Papa John's, Domino's Pizza Boost Sales During Pandemic
Papa John's same-store sales in North America surged 33.5 percent in May, up from 26.9 percent in April.
In terms of international sales, Papa John's rose 7 percent in May from 1.4 percent growth in April. Of its 2,100 international franchised stores, around 320 remain closed due to the pandemic.
Meanwhile, Domino's posted a 14 percent increase in same-store sales in the first two months of the second quarter and 20.9 percent between April 20 and May 17.
Domino's CEO Ritch Allison noted that while the restaurants have shifted toward delivery and carryout, they are unsure how long this trend will continue.
Less than 900 of Domino's international stores were temporarily closed as oy May 24.
While Papa John's and Domino's were resilient during challenging times, Pizza Hut continued to struggle with same-store sales plunging 11 percent in the first quarter.
Shares of Papa John's surged 20 percent this year, as Domino's rose 24 percent.
Pizza Hut's parent company Yum Brands tumbled 10 percent.