Pizza stocks have underwhelmed in 2022, and some pizza bears say the industry may be fundamentally broken thanks in large part to the COVID-19 pandemic.
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Trading in the U.S. index futures suggests a mixed start on Wednesday, although the Fed rate decision and the signals coming out from the central bank will ultimately decide which direction the market would take.
Key Takeaways:
DPC Dash, operator of the Domino’s pizza chain in China, has filed an updated prospectus to list its shares in Hong Kong
The company differs from larger rival Pizza Hut in China due to its bigger focus on delivery, and also due to its earlier stage of development
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Food inflation is now up 11.2% for the 12 months ending in September, and the figure has a striking detail: food at home inflation is up 13%, while food away from home is only up 8.5% over the last 12 months.