Nick Martell

Basically, every day we found a different angle on the most important story of this economy. And the most important tariff story today, what is it, Jack? It's covered in lactose, meat, and... Basically 800 calories. If you round down pizza, it is the most tariff-proof meal in the United States. And in this economy, it is recession-resistant, baby. Just look at Domino's.

Basically, every day we found a different angle on the most important story of this economy. And the most important tariff story today, what is it, Jack? It's covered in lactose, meat, and... Basically 800 calories. If you round down pizza, it is the most tariff-proof meal in the United States. And in this economy, it is recession-resistant, baby. Just look at Domino's.

Basically, every day we found a different angle on the most important story of this economy. And the most important tariff story today, what is it, Jack? It's covered in lactose, meat, and... Basically 800 calories. If you round down pizza, it is the most tariff-proof meal in the United States. And in this economy, it is recession-resistant, baby. Just look at Domino's.

They get nearly 100% of their ingredients within the United States. True story. Their cheese, their bread, their sausage, it's all made in the USA. Pause the pod. Shocker. Domino's is not importing mozzarella from Naples every week like you thought. So from a supply perspective, pizza is protected from this trade war.

They get nearly 100% of their ingredients within the United States. True story. Their cheese, their bread, their sausage, it's all made in the USA. Pause the pod. Shocker. Domino's is not importing mozzarella from Naples every week like you thought. So from a supply perspective, pizza is protected from this trade war.

They get nearly 100% of their ingredients within the United States. True story. Their cheese, their bread, their sausage, it's all made in the USA. Pause the pod. Shocker. Domino's is not importing mozzarella from Naples every week like you thought. So from a supply perspective, pizza is protected from this trade war.

Basically, your pepperoni ain't from Puglia, it's from Pittsburgh, and that is good for the economics. So pizza sales should be popping, right, Nick? Yeah, they should be popping, Jack. It's tariff-proof. But they're not. No. Domino's just announced that for the average store in the United States, their sales shrank in the first quarter.

Basically, your pepperoni ain't from Puglia, it's from Pittsburgh, and that is good for the economics. So pizza sales should be popping, right, Nick? Yeah, they should be popping, Jack. It's tariff-proof. But they're not. No. Domino's just announced that for the average store in the United States, their sales shrank in the first quarter.

Basically, your pepperoni ain't from Puglia, it's from Pittsburgh, and that is good for the economics. So pizza sales should be popping, right, Nick? Yeah, they should be popping, Jack. It's tariff-proof. But they're not. No. Domino's just announced that for the average store in the United States, their sales shrank in the first quarter.

Sales at Domino's shrank, even though Domino's just launched stuffed crust pizza. Just two days later, Pizza Hut announced their earnings, and their sales shrank in the first quarter, too. Honestly, Papa John's announces earnings next week, and we're predicting it's going to look more like Papa Ron's. In fact, Yum!

Sales at Domino's shrank, even though Domino's just launched stuffed crust pizza. Just two days later, Pizza Hut announced their earnings, and their sales shrank in the first quarter, too. Honestly, Papa John's announces earnings next week, and we're predicting it's going to look more like Papa Ron's. In fact, Yum!

Sales at Domino's shrank, even though Domino's just launched stuffed crust pizza. Just two days later, Pizza Hut announced their earnings, and their sales shrank in the first quarter, too. Honestly, Papa John's announces earnings next week, and we're predicting it's going to look more like Papa Ron's. In fact, Yum!

Brands, the company that owns Pizza Hut, it's the perfect Petri dish to examine our eating trends right now. Exactly, Jack. Because Yum! Brands also owns Taco Bell, and Taco Bell's sales jumped by 9% last quarter. They also own KFC, and fried chicken sales also jumped in the first quarter.

Brands, the company that owns Pizza Hut, it's the perfect Petri dish to examine our eating trends right now. Exactly, Jack. Because Yum! Brands also owns Taco Bell, and Taco Bell's sales jumped by 9% last quarter. They also own KFC, and fried chicken sales also jumped in the first quarter.

Brands, the company that owns Pizza Hut, it's the perfect Petri dish to examine our eating trends right now. Exactly, Jack. Because Yum! Brands also owns Taco Bell, and Taco Bell's sales jumped by 9% last quarter. They also own KFC, and fried chicken sales also jumped in the first quarter.

So we're staring at this pepperoni problem right now, and Pizza Hut is the only brand owned by Yum whose sales just shrank. 100% American-made pizza should be the unofficial food of the trade war. Why isn't it? Jack, I'm even looking at Detroit-style pizza, which I know is your favorite style of pizza. It's Chicago deep dish, but it comes in a rectangular pan.

So we're staring at this pepperoni problem right now, and Pizza Hut is the only brand owned by Yum whose sales just shrank. 100% American-made pizza should be the unofficial food of the trade war. Why isn't it? Jack, I'm even looking at Detroit-style pizza, which I know is your favorite style of pizza. It's Chicago deep dish, but it comes in a rectangular pan.

So we're staring at this pepperoni problem right now, and Pizza Hut is the only brand owned by Yum whose sales just shrank. 100% American-made pizza should be the unofficial food of the trade war. Why isn't it? Jack, I'm even looking at Detroit-style pizza, which I know is your favorite style of pizza. It's Chicago deep dish, but it comes in a rectangular pan.

Even Detroit-style pizza sales are down, so Jack, what's the takeaway for our buddies who are everyone consuming pizza? Pizza is tariff-proof. Frozen pizza is recession-proof, too. And that is the pizza paradox. Yetis, here's the surprise. Restaurant-made pizza is tariff-proof, like Jack just said, but it is still affected by tariffs indirectly.

Even Detroit-style pizza sales are down, so Jack, what's the takeaway for our buddies who are everyone consuming pizza? Pizza is tariff-proof. Frozen pizza is recession-proof, too. And that is the pizza paradox. Yetis, here's the surprise. Restaurant-made pizza is tariff-proof, like Jack just said, but it is still affected by tariffs indirectly.