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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, Inc. (DPZ) reported fourth quarter and fiscal 2021 results, highlighting a 9.0% increase in global retail sales for Q4 and an 11.7% increase for the full year, excluding currency impacts. U.S. same store sales rose 1.0%, while international stores saw a 1.8% increase. The company achieved a net income of $155.7 million for Q4, with diluted EPS of $4.25, marking a 10.4% year-over-year increase. Domino's also announced a quarterly dividend of $1.10 per share, payable March 30, 2022. In total, the company opened 1,204 new stores globally in 2021.
Domino's Pizza (NYSE: DPZ) announced leadership changes as Ritch Allison plans to retire as CEO on April 30, 2022. Russell Weiner, currently COO, will succeed him on May 1, 2022. Under Weiner, Domino's U.S. retail sales rose from $3 billion to over $8 billion since 2008, with a significant digital sales increase. The board also appointed Sandeep Reddy as the new CFO, effective April 1, 2022. Allison will remain on the board until April 26, 2022, contributing in an advisory role until his retirement on July 15, 2022.
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Domino's Pizza (NYSE: DPZ) has announced a significant achievement, raising $13.6 million in 2021 to support St. Jude Children's Research Hospital. This included $9.3 million raised during the St. Jude Thanks and Giving campaign from Oct. 18, 2021 to Jan. 2, 2022, and an additional $4 million from customer donations. Domino's is committed to raising a total of $100 million for a new patient housing facility, the Domino's Village, expected to open in spring 2023.
Domino's Pizza Inc. (NYSE: DPZ) introduces a new promotion, tipping carryout customers $3 for their next online order. This initiative acknowledges customers who pick up their own pizzas, effective until May 22, 2022. The tip can be redeemed with a minimum purchase of $5. This promotion coincides with a busy pizza-selling period, notably around the Super Bowl, where Domino's typically sells about 2 million pizzas. The company emphasizes its digital sales success, highlighting over 70% of U.S. sales from digital channels in 2020.
Domino's Pizza Inc. (NYSE: DPZ) has announced its Fourth Quarter and Year-End 2021 Earnings Webcast, scheduled for Tuesday, March 1 at 10 a.m. EST. The webcast will be accessible through their investor relations website at ir.dominos.com. Domino's, the largest pizza chain globally with over 18,300 stores and $16.1 billion in global retail sales for 2020, emphasizes technology innovation, with over 70% of U.S. sales driven by digital channels in 2020. The event will be archived for later viewing.
Domino's Pizza (NYSE: DPZ) is set to present at the 2022 ICR Conference on January 11, 2022, at 11 a.m. EST. The live webcast can be accessed through ir.dominos.com. As the world's largest pizza company, Domino's reported over $16.1 billion in global retail sales for 2020. In Q3 2021, it achieved nearly $4.1 billion in retail sales, with $2.0 billion U.S. sales and $2.1 billion internationally, reflecting its strong digital sales platform.
Domino's Pizza (NYSE:DPZ) has announced the promotions of Kate Trumbull, Christopher Thomas-Moore, and Juan Joachin to senior vice president roles. Trumbull will lead brand and product innovation, Thomas-Moore will oversee customer and store experience, and Joachin will manage finance operations. These promotions aim to enhance growth and innovation within the company. Domino's continues to dominate the pizza industry, having reported global retail sales exceeding $16.1 billion in 2020.
On November 16, 2021, Domino's (NYSE:DPZ) announced a charitable initiative where participating franchisees purchased over $100,000 in gift cards from local restaurants affected by high delivery app fees. This campaign, which benefited approximately 2,600 customers in cities like Boston and Denver, aims to support small businesses by encouraging customers to order directly from local restaurants. Domino's emphasized its commitment to community support, enhancing brand image while addressing the challenges faced by smaller eateries.
Domino's Pizza has launched the 2021 St. Jude Thanks and Giving campaign, enabling customers to donate during their orders until Jan. 2, 2022. Previously, the company committed to raising $100 million over ten years for St. Jude Children's Research Hospital, which will name a housing facility 'The Domino's Village'. In 2020, Domino's raised over $13 million through this campaign. With a significant presence in over 90 markets and global sales of $16.1 billion in 2020, Domino's emphasizes community support as vital to their brand.
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