Only One Restaurant's Stock Is Up From Last Year

Domino's is up almost 8% in 2020
By Jenn Gidman,  Newser Staff
Posted Mar 14, 2020 6:30 AM CDT

(Newser) – The novel coronavirus continues to wreak havoc around the globe, and restaurants are nervously keeping an eye on things as more people hole up at home to practice social distancing. One chain in particular, though, has been doing so well that it's "making analysts nervous," per MarketWatch. That's Domino's, which CNBC reports is the only restaurant whose stock—which has a market value of $12.3 billion—is trading positively so far in 2020, up nearly 8%. The apparent reason for being an anomaly among eateries: the coronavirus itself.

story continues below

"In this situation we're in, the delivery-based business is obviously a more favorable narrative relative to others in the restaurant industry," a Cowen analyst says. CNBC notes Domino's has been doing well despite heavy competition from food delivery services like Uber Eats and DoorDash. The chain won't totally escape the virus fallout, however: As sporting events are canceled, Domino's will lose out on sales it typically makes with event-themed promotions, like half-off pizzas during March Madness. (Read more Domino's Pizza stories.)

We use cookies. By Clicking "OK" or any content on this site, you agree to allow cookies to be placed. Read more in our privacy policy.
Get the news faster.
Tap to install our app.