Despite coronavirus pandemic Domino's Pizza to join S&P 500
Despite coronavirus pandemic Domino's Pizza to join S&P 500

Global pizza giant Domino's Pizza Inc will join the Standard & Poor's 500 .SPX, despite having last month withdrawn its long-term growth outlook after closing stores because of the coronavirus pandemic.

S&P Dow Jones Indices said on Wednesday it is promoting the Ann Arbor, Michigan-based pizza delivery chain from its S&P MidCap 400, one of several changes it announced to its indexes.

While withdrawing its forecast for two- to three-year sales growth, Domino’s said US same-store sales were up 7.1% in late March and much of April, as diners under lockdown ordered home delivery more often.

Domino’s kept company-owned US stores open but said about 1,750 international stores were temporarily closed.

 
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