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Domino's Pizza Inc. (NYSE: DPZ) is the largest pizza company in the world, founded in 1960 and headquartered in Ann Arbor, Michigan. As an operator and franchiser, Domino's boasts a vast network of approximately 20,700 stores spanning over 90 international markets by early 2024.
Domino's core business includes the sale of pizza, wings, salads, sandwiches, and desserts through company-owned stores and franchise-operated locations. The company generates revenue from sales at these stores, royalty and marketing contributions from franchisees, and its supply chain operations, which include 25 domestic and five Canadian dough manufacturing and supply chain facilities. These facilities centralize purchasing, preparation, and last-mile delivery for Domino's restaurants in the US and Canada.
In 2023, Domino's achieved roughly $18.3 billion in system sales, solidifying its position as the top player in the global pizza market, ahead of competitors like Pizza Hut, Little Caesars, and Papa John's. Domino's technological innovations have been a hallmark of its strategy, with significant investments in digital ordering platforms. In the U.S., over 85% of retail sales in 2023 were made via digital channels, including platforms like Apple CarPlay, Amazon Alexa, and text-to-order services.
Recent achievements include the launch of Pinpoint Delivery in 2023, enabling customers to receive delivery almost anywhere, marking a new era in delivery services. The company is also known for its cutting-edge ordering apps for iPhone® and Android™ and continues to introduce delicious new menu items.
Domino's is greatly involved in community and charitable activities. In 2023, Domino's customers donated more than $16 million to St. Jude Children's Research Hospital®, supporting its mission to advance treatments and research for childhood cancer and other life-threatening diseases. Domino's also committed to funding The Domino's Village, a patient housing facility at St. Jude, showcasing its ongoing support and dedication to social causes.
One of Domino's remarkable initiatives is the
Domino's Pizza (NYSE: DPZ) has announced a $100,000 scholarship program for Future Farmers of America (FFA) students pursuing degrees in agricultural education. The program will award 10 scholarships worth $10,000 each to FFA members planning careers as agriculture science teachers. This initiative addresses the industry's need for more ag teachers to support FFA students. Applications are open until January 9, 2025, with winners notified in April and funds distributed in July for fall 2025. Domino's will donate $500,000 in 2025 to fund various FFA programs, including scholarships, work-based learning grants, sustainability curriculum, and workforce development. Since becoming a national sponsor in 2017, Domino's has contributed $2 million to FFA.
Domino's Pizza Inc. (NYSE: DPZ) is launching its annual fundraising campaign for St. Jude Children's Research Hospital® from October 21, 2024, to January 5, 2025. Customers can add donations to their orders or round up their totals to support the St. Jude Thanks and Giving® campaign. Since 2004, Domino's has raised over $125 million for St. Jude, primarily through 21 years of this campaign.
Domino's recently announced an expansion of its fundraising commitment to St. Jude from 2030 through 2034, marking a 30-year partnership. The company aims to reach $300 million raised for St. Jude during this period. St. Jude's mission focuses on finding cures and saving children, with all treatment, travel, housing, and food costs covered for families thanks to generous donors.
Domino's Pizza Inc. (NYSE: DPZ) has announced the promotion of Kate Trumbull to Executive Vice President, Chief Marketing Officer, effective Nov. 1, 2024. Trumbull, who joined Domino's in 2011, will oversee global marketing and report to Joe Jordan, President, U.S. and Global Services. She has held multiple leadership roles during her 13-year tenure, most recently serving as Senior Vice President and Chief Brand Officer.
Trumbull has led key marketing initiatives including Domino's Carryout Tips, Emergency Pizza, Pinpoint Delivery®, and the revamped loyalty program, Domino's® Rewards. Joe Jordan praised her vision, passion, and ability to blend creativity with strategic thinking. Trumbull expressed pride in the teams she's led and their role in Domino's becoming the world's No. 1 pizza company.
DPC Dash, the exclusive master franchisee for Domino's Pizza in China, Hong Kong, and Macau, reported significant growth in 2024. Key highlights include:
1. Positive net profit after tax in the first half of 2024
2. Store count reached 978 in Q3, aiming to surpass 1,000 by mid-November
3. 29th consecutive quarter of positive same-store sales growth
4. Secured 28 of the top 30 positions for first 30-day sales among Domino's global network
5. Loyalty program membership increased to 21.7 million
Domino's Pizza agreed to allocate 10,000,000 DPC Dash shares (7.66%) to institutional investors, retaining 6.21% ownership. The companies maintain a strong relationship based on their long-term Master Franchise Agreement from June 2017.
Domino's Pizza reported global retail sales growth of 5.1% (excluding foreign currency impact) for Q3 2024. U.S. same store sales grew 3.0%, while international same store sales increased 0.8%. The company added 72 net new stores globally. Income from operations rose 5.0% to $198.8 million. Total revenues increased 5.1% to $1.08 billion, driven by higher supply chain, U.S. franchise advertising, and royalty revenues. Net income decreased slightly by 0.5% to $146.9 million, impacted by a higher effective tax rate. Diluted EPS increased 0.2% to $4.19. Domino's updated its 2024 guidance, expecting approximately 6% annual global retail sales growth and 8% annual income from operations growth. The company maintained its long-term growth outlook for 2026-2028.
Domino's Pizza Inc. (NYSE: DPZ) has relaunched its Emergency Pizza program, offering customers a free medium, two-topping pizza for redemption from their Domino's Rewards account. The program runs from October 8, 2024, to January 19, 2025. Customers can earn an Emergency Pizza by placing a qualifying online order of $7.99 or more.
Domino's has partnered with Amazon and Twitch to integrate Emergency Pizza into their new Fortnite game, 'The Glitch', launching on October 14, 2024. Additionally, Domino's has collaborated with Olive & June to create exclusive nail products, available from October 17, 2024. The company has also introduced pizza emergency gift cards available in select Kroger stores and on dominos.com.
Domino's Pizza (NYSE: DPZ) and the National Fire Protection Association (NFPA) are partnering for the 17th annual Fire Safety Week Program from Oct. 6-12, 2024. Participating Domino's stores across the U.S. will distribute fire safety messages with pizza deliveries, emphasizing the theme 'Smoke alarms: Make them work for you!'.
Flyers on pizza boxes will provide tips on ensuring smoke alarms function properly. Customers may receive free pizza if their smoke alarms are working when firefighters arrive with their delivery. If not, firefighters will replace batteries or install new alarms.
Jenny Fouracre, Domino's senior director of communications, highlights the program's success over 17 years. Lorraine Carli, NFPA's vice president of Outreach and Advocacy, underscores the importance of working smoke alarms in reducing home fire fatalities.
Domino's Pizza Inc. (NYSE: DPZ) is launching a 50% off deal on all menu-priced pizzas ordered online from Sept. 30 to Oct. 6, celebrating National Pizza Month. The offer is available through Domino's website and mobile app, covering all pizza sizes and crust types.
Joe Jordan, Domino's president of U.S. and global services, emphasized that customers can start celebrating early with this half-off deal. The promotion highlights Domino's extensive customization options, boasting over 34 million ways to create a single pizza.
This -time offer allows customers to enjoy significant savings on their favorite pizzas while showcasing Domino's diverse menu and online ordering capabilities.
Domino's Pizza Inc. (NYSE: DPZ) is expanding its menu with the addition of Mac & Cheese, launching on September 23, 2024. The new offering comes in two varieties: 5-Cheese Mac & Cheese and Spicy Buffalo 5-Cheese Mac & Cheese. Both dishes feature penne pasta with a blend of five cheeses and Alfredo sauce, with the Spicy Buffalo version including hot buffalo sauce.
Customers can enjoy these new items as part of Domino's $6.99 Mix & Match Deal or upgrade their order with jalapenos and/or bacon for $0.99 each. Domino's Rewards members can also redeem 60 points for a free order of Mac & Cheese. This addition aims to cater to customer preferences and expand Domino's pasta lineup, which already includes Chicken Alfredo and Italian Sausage Marinara.
Domino's Pizza (NYSE: DPZ) has announced its upcoming Third Quarter 2024 Earnings Webcast, scheduled for Thursday, October 10 at 8:30 a.m. ET. The event will be accessible via a live webcast on the company's investor relations website, ir.dominos.com. Investors and analysts can expect to receive the quarterly results and supplemental materials at 6:05 a.m. ET on the same day, which will also be available on the website. For those unable to attend the live event, an archived version will be made available for replay on Domino's website. Greg Lemenchick, Vice President of Investor Relations, serves as the point of contact for any inquiries related to the earnings call.
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