Penny-Pinchers Love Pizza
In a recent survey by Goldman Sachs, the general consensus from 2,000 consumers was that price is becoming an increasingly important factor when it comes to dining.
One classic penny-pinching solution? A good ol’ pizza pie.
This simple meal option also plays into the increased pace of consumers’ lifestyles; convenience is key. Dialing up a pizza after a long day of work is easy on the consumer and his or her wallet — undoubtedly part of the reason pizza stocks already have posted mouth-watering gains this year.
Shares of Papa John’s (NASDAQ:PZZA), for one, have climbed more than 23% since January, while Domino’s (NYSE:DPZ) isn’t far behind with 17% gains — each more than doubling the S&P 500’s 7% improvement. Yum! Brands (NYSE:YUM) — owner of the largest pizza franchise in the world, Pizza Hut — has posted nearly 20% returns YTD … though Taco Bell and KFC must share some of the credit.
Consumer sentiment seems to signal that the good times should keep on rollin’ in the new year, so make sure to order up a few pizza shares to go alongside your slices.