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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) 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.
Domino's Pizza (DPZ) reported strong Q1 2021 results, with global retail sales rising 16.7%, or 14.0% excluding currency impact. U.S. same-store sales grew 13.4%, and international same-store sales increased by 11.8%. The company opened 175 new stores, comprising 36 in the U.S. and 139 internationally. Diluted EPS was $3.00, down 2.3% from the prior year. A quarterly dividend of $0.94 per share was declared, payable on June 30, 2021. Net income decreased 3.2% to $117.8 million, primarily due to higher tax provisions.
Domino's Pizza is hiring around 4,000 team members across more than 400 stores in Florida to enhance its service quality. Positions available include delivery drivers, customer service representatives, and managers. Franchise owner Brian Jandrew emphasized the importance of expanding the workforce to meet customer demands and ensure safe service options like contactless delivery. Highlighting that over 95% of franchise owners started as part-time staff, Domino's aims to provide career opportunities for both part-time and full-time applicants.
Domino's Pizza (NYSE: DPZ), the largest pizza company globally by retail sales, has revived its iconic villain, the Noid, in new TV advertisements promoting the autonomous delivery technology of Nuro's R2 robot. This marketing strategy kicks off on April 26, 2021, with further brand promotion via the Noid's inclusion in the mobile game Crash Bandicoot: On the Run!, launching on May 7. In 2020, Domino's reported over $16.1 billion in global retail sales, emphasizing digital channels for over half its sales.
Domino's Pizza (NYSE: DPZ) has opened its first store in Ghana, located in Accra. This expansion reinforces Domino's position as the largest pizza company globally by retail sales. The new outlet, operated by franchisee Fire Foods Ghana Ltd., features a pizza theater design and aims to enhance customer experience. Domino's continues to expand its international presence, with operations now in over 90 markets, contributing significantly to global retail sales, which exceeded $16.1 billion in 2020.
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