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.
Less than a week before the overtime regulations were to kick in, a federal judge in Texas has blocked the rule that would have made an estimated 4 million American workers eligible to claim overtime pay.
Commodity prices were truly a mixed bag this week with the cost of some of the most commonly used items in pizza restaurant operation truly varied, although the overall high value of the dollar has helped.
With the big question answered on the next U.S. president, the good news is the pizza commodities market remained relatively stable. Most prices for commodities dropped slightly over the week, while pizza stock prices were mostly up.