Domino’s Pizza added to ‘Tactical Underperform’ list at Evercore ISI

Evercore ISI analyst David Palmer added Domino’s Pizza to the firm’s "Tactical Underperform" list as he issued his 2023 outlook on the restaurant space. His base case macro scenario entering 2023 calls for restaurant industry growth slowing from mid-single digit same-store sales growth in Q4 to low-single digits in 2023 along with diminishing input inflation. In this content, Palmer prefers names that are likely to gain share and/or benefit from easing inflation or favorable international exposure, he tells investors. Palmer has an Outperform rating on Domino’s shares.