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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 (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.
Domino's (NYSE: DPZ) has partnered with Nuro to launch autonomous pizza delivery in Houston. Starting this week, selected customers placing prepaid online orders from a specific Domino's location can choose to receive their pizzas via Nuro's R2 robot. This is the first fully autonomous, occupantless delivery vehicle approved by the U.S. Department of Transportation. Customers will receive updates on R2's location and use a unique PIN to retrieve their orders. This collaboration aims to enhance the delivery experience while Domino's seeks to learn about customer interactions with autonomous delivery.
Domino's Pizza (NYSE: DPZ) announced a recapitalization transaction involving the refinancing of outstanding securitization debt. The transaction includes issuing $1.5 billion in new securitized notes to prepay approximately $873 million of existing senior secured notes. Additionally, the company plans to establish a new $200 million variable funding note facility. The closing is expected in Q2 2021, subject to market conditions. This move is anticipated to enhance financial flexibility and facilitate stock distributions and repurchases. However, risks associated with increased indebtedness remain.
Domino's Pizza (NYSE: DPZ) has announced a Q1 2021 Earnings Webcast scheduled for April 29, 2021, at 10 a.m. EDT. The event will be available via live webcast and subsequently archived on their website. In 2020, Domino's achieved global retail sales exceeding $16.1 billion, with approximately $8.3 billion from U.S. operations. The company operates over 17,600 stores in more than 90 markets globally, deriving more than 70% of sales through digital channels. This highlights Domino's commitment to technology innovation in the pizza market.
On March 15, 2021, Domino's Pizza announced the promotion of Frank Garrido to executive vice president of U.S. operations and support, effective immediately. He succeeds Tom Curtis, who has left for another opportunity. Garrido brings extensive operational experience, having joined Domino's in 2017 as a regional vice president and previously worked at Focus Brands. Domino's, the largest pizza company globally, reported over $16.1 billion in global retail sales in 2020, with a strong emphasis on digital sales channels.
Domino's Pizza (DPZ) reported robust fourth-quarter and fiscal 2020 results, highlighting a 21.7% increase in global retail sales in Q4 and a 12.5% increase for the year. U.S. same-store sales grew 11.2% in Q4, marking the 39th consecutive quarter of growth. Diluted EPS rose 23.4% to $3.85 in Q4, with fiscal 2020 EPS at $12.39, up 29.6%. The company saw net store growth of 388 locations in Q4. A new $1.0 billion share repurchase program was authorized, and a quarterly dividend of $0.94 was declared, up 20.5%.
Domino's Pizza (NYSE: DPZ) announced a record-breaking fundraising achievement of $13 million in 2020 for St. Jude Children's Research Hospital. This initiative contributes to Domino's commitment to raise $100 million by 2030, with $10.2 million raised during the annual Thanks and Giving campaign. The funds will support the construction of The Domino's Village, a housing facility for families of children receiving care at St. Jude, set to open in spring 2023.
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