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U.S. same-store sales at the world’s largest pizza chain dropped 2.9% in the second quarter, compared with a 4.8% fall estimated by analysts, according to Refinitiv IBES.
Still, an acute labor crunch has led to shorter store hours and lengthier delivery times at the world’s largest pizza chain in the past few quarters, prompting customers to seek their fill of pies from other joints.
Net income declined to $102.5 million, or $2.82 per share, from $116.6 million, or $3.06 per share, a year earlier.
