Inflation made unwelcome headlines again this week, with the government reporting that consumer prices rose 3.7% over the past year (and businesses hit even harder). Gasoline prices accounted for more than half of September’s monthly increase. A day before that report, Domino’s Pizza’s latest earnings call offered an illustration of how Americans are adjusting their spending as prices soar.
The pizza chain is getting more orders, including from lower-income customers, but people are buying fewer items each time. The company lowered its growth expectations, and its shares fell about 3% in early trading after the announcement.
More on how Domino’s is responding below, along with some encouraging hiring trends reported by ManpowerGroup and a telling development in the warehouse industry.