The lucky leprechauns of St. Patrick's Day appear to have leaped right over pizza restaurateurs last week, after five days of relatively little to celebrate on the commodities and stock markets in the way of prices.
The cause-and-effect relationship of market data studies is rarely displayed as clearly as it was in pizza trading last week after the mid-week news of a new NPD Group study that found a growing number of consumers are eating at home these days.
Last week's stock market and commodities trading action was relatively positive for most pizza brands, which grew in value in overall trading and had some good news in the price paid for oft-used commodities like cheese.
At a time when the incoming administration in Washington shows little support for increasing the federal minimum wage or putting programs in place to assist American workers with health coverage, at least in New York City, Domino's is working in...
The overall production tab for pizza restaurateurs took a hit last week in commodities trading when just about every basic need in the pizza-making and delivery process increased over the course of the week.
Commodities traders were invoking Johnny Cash's lyrics during trading in the week before Christmas, as prices on all pizza chain commodities except auto fuel went "down, down, down," along with the value of most pizza stocks monitored by this site.
Papa John's was the only pizza chain that reported a markedly profitable week, while the other three brands monitored here remaining essentially flat or falling slightly over the course of the trading week.
Pizza stocks traders were clearly overjoyed at the news last week of a federal injunction halting enactment of the federal overtime pay laws that were set to take effect this Thursday. That eleventh-hour move by a Texas judge sent pizza stock prices soaring, truly giving the publicly traded brands in this business something to be grateful for.