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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. (NYSE: DPZ) has scheduled a Q3 2021 earnings webcast for October 14 at 10 a.m. EDT. The event will be accessible via their website and subsequently archived for replay. In 2020, Domino's achieved global retail sales exceeding $16.1 billion, with $4.1 billion in Q2 2021 alone. The company continues to innovate, with significant sales coming from digital channels, accounting for more than 70% of U.S. sales in 2020. For more details, visit biz.dominos.com.
Domino's Pizza has opened its first store in Lithuania, located in Vilnius, expanding its global footprint. This new outlet, operated by master franchisee Morgacita Limited, offers dine-in, carry-out, and delivery options. A second location is set to open soon, with plans for more than 400 jobs over the next three years. In 2020, Domino's reported global retail sales of over $16.1 billion, with significant growth driven by international markets and digital channels.
Domino's Pizza (NYSE: DPZ) is launching a promotional campaign titled 'Surprise Frees' where randomly selected customers will receive free menu items through November 21, 2021. The promotion, which aims to counteract unexpected fees from food delivery apps, will give away over 5 million items, valued at up to $50 million. Domino's emphasizes a straightforward delivery fee without hidden charges, enhancing customer satisfaction. Customers will be notified via order confirmation and can share their experiences using the hashtag #FreesNotFees on social media.
Domino's Pizza, Inc. (NYSE: DPZ) reported strong second-quarter 2021 results with global retail sales up 21.6%, driven by U.S. same store sales growth of 3.5% and international same store sales growth of 13.9%. The company achieved net store growth of 238 stores, marking 110 consecutive quarters of international same store sales growth. Diluted EPS rose 2.3% to $3.06. Additionally, a $1.0 billion share repurchase program was authorized and a quarterly dividend of $0.94 per share was declared.
Domino's Pizza Inc. (NYSE: DPZ) will host a Q2 2021 Earnings Webcast on July 22, 2021, at 10 a.m. EDT. Live streaming will be available on their official website. As a leader in the pizza industry with over 17,800 stores globally, Domino's reported global retail sales of over $16.1 billion in 2020. In Q1 2021, sales exceeded $4 billion, showcasing robust growth driven by digital channels that contributed more than 70% of U.S. sales. The event will later be available for replay on the Domino's website.
Domino's Pizza (NYSE: DPZ) has introduced a new Carside Delivery 2-Minute Guarantee. Customers who order online can check in upon arrival, and a team member will bring their order to their car in less than two minutes or receive their next pizza for free. Additionally, in partnership with DraftKings (Nasdaq: DKNG), they launched the Over/Under Challenge, allowing customers to predict the delivery speed for a chance to win a share of $200,000. The challenge runs until July 12, 2021.
Domino's Pizza (NYSE: DPZ) has issued a statement urging consumers not to purchase non-fungible tokens (NFTs) linked to the Noid, its infamous antagonist. These unique digital assets, part of a 14-day auction, represent the Noid's latest inventions intended to fund future schemes. Domino's emphasizes the risk of supporting the Noid's potential mischief, as the proceeds could finance new gadgets or other antics. With global retail sales exceeding $16.1 billion in 2020, Domino's continues to innovate in the pizza delivery market.
Domino's franchise locations in North and South Carolina are set to host a hiring day on May 26, aiming to recruit around 4,000 employees across 400 stores. Open roles include delivery drivers, customer service reps, and managers. Franchise owner Mack Patterson highlights the initiative to help job seekers re-enter the workforce while serving local communities. The company offers flexible schedules and competitive wages, particularly for managerial roles which come with benefits and bonuses. Interested candidates can apply in person or online.
Domino's Pizza (NYSE: DPZ) announced the immediate departure of CFO Stuart A. Levy, who will remain as an advisor until August 31, 2021. Ritch Allison, CEO, will oversee a newly formed Office of the CFO during the search for Levy's replacement. The press release highlighted the strength of Domino's finance team, robust retail sales growth, and franchisee profitability, with global retail sales exceeding $16.1 billion in 2020. Levy's exit was not related to financial reporting disagreements, ensuring stability during this transition.
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