We can now confirm that the Teenage Mutant Ninja Turtles are not real because they would never let that happen. As Americans eat less tomato pie, pizza restaurants are losing ground in fast food and fast-casual dining, The Wall Street Journal reports report this weekend.
The pizza chain has seen relatively flat sales growth since 2023, Research firm Technomic said it lags behind the broader fast-food market. Mamma Mia…
- Pizzerias rose from the second most popular U.S. chain restaurant type in the 1990s to sixth last year in terms of sales, according to Technomic.
- The number of coffee shops and Mexican food stores now exceeds that of pizza parlors, which are gradually declining in the United States after hitting a record high in 2019, according to the Wall Street Journal.
Why? As rising food prices drive up menu prices, and GLP-1 changes eating habits, a pizza shop’s real delivery competitor may no longer be another Tony’s across the street, but the nutrient-dense bowl of slop served up by Uber Eats. Even if customers choose pizza, they tend to get smaller pies Papa John’s executives said in October that ingredients would be reduced.
Signs of the times: While market leader Domino’s has seen relative success with its pizza promotions, Yum Brands yes taking into account The company announced in November that it would sell Pizza Hut after two years of declining sales. Last month, California Pizza Kitchen sold for $300 million, down from the $470 million the previous buyer paid in 2011.—ML
This report is Originally published go through morning brew.