THE POST-PANDEMIC FAST-FOOD BUSINESS CONTINUED...
FINANCE
PHOTO: ENVATO
Where did all the pizza sales go? If there’s one surprise from this data it’s the 18% growth by the quick-service pizza sector. You know that group, the ones that basically printed money in 2020 and 2021 when everybody was stuck at home ordering pizza deliv- ery? But that sector’s growth has been overstated. Most of it during those two years took place among four chains: Domino’s, Little Caesars, Papa Johns and Marco’s. If we add another of the five biggest pizza chains, Pizza Hut—which shed units and saw sales fall 1% between 2019 and 2021—average growth was 21% in that period. The rest of the QSR pizza sec- tor grew just 2% between 2019 and 2021. For the most part, pizza chains simply lost steam coming out of the pandemic. Average sales growth in the sector was just 3% last year.
For the most part, pizza chains simply lost steam coming out of the pandemic.
PIZZA CHAIN SALES GROWTH SINCE 2019 THE TOP SIX PIZZA CHAINS IN THE U.S. HAVE VARIED IN PERFORMANCE SINCE 2019. BUT THE ENTIRE SECTOR HAS BEEN SURPRISINGLY SLUGGISH DESPITE STRONG PANDEMIC RESULTS.
8
RESTAURANT BUSINESS OCTOBER 2024
Powered by FlippingBook