While many of us might crave pizza, the sector has been out of favor with markets for some time now. Yum! Brands (YUM) recently sold Pizza Hut for a total consideration of $2.7 billion, while Papa John's (PZZA) is reportedly weighing a $1.5 billion offer from Qatari royal family-backed Irth Capital Management. Both Pizza Hut and Papa John’s have been on a store-closure spree in the U.S. amid stagnant sales.
Domino’s Pizza (DPZ) has also announced a leadership transition plan, as CEO Russell Weiner is set to retire. Weiner will be succeeded by current Chief Operating Officer Joe Jordan, effective October 1, 2026. DPZ stock has tumbled this past week following the announcement, but the pullback has come amid a broader market selloff, with Papa John’s shares falling almost 6% on June 22.