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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) launches its 17th annual St. Jude Thanks and Giving fundraising campaign, running from Oct. 19, 2020, to Jan. 3, 2021, to support St. Jude Children's Research Hospital. Customers can donate during orders via phone, in stores, or online, including rounding up their totals. The company aims to raise $100 million over ten years, with St. Jude naming its new housing facility The Domino's Village. Domino's, the world's largest pizza company, reported $3.7 billion in global retail sales in Q3 2020.
Domino's Pizza, Inc. (NYSE: DPZ) reported a strong third quarter for 2020, with global retail sales up 14.4% and U.S. same store sales increasing by 17.5% year-over-year. This growth continued despite the challenges posed by the COVID-19 pandemic. The company's diluted EPS rose to $2.49, a 21.5% increase from the previous year. Domino's opened 209 gross new stores globally, though it closed 126 in India. The company declared a quarterly dividend of $0.78 per share, reinforcing its commitment to shareholder returns.
Domino's Pizza (NYSE: DPZ) will host a Virtual Investor Q&A session on November 12, 2020, from 11 a.m. to 12:30 p.m. EST. Key executives, including Ritch Allison and Russell Weiner, will participate in the event. Interested parties can listen live via the Domino's website. The company reported over $14.3 billion in global retail sales in 2019, with a significant portion coming from digital channels. This highlights Domino's focus on technology and innovation in driving sales. The event will also be available for replay on the company’s site.
Domino's Pizza has promoted Kelly Garcia to Executive Vice President - Chief Technology Officer, effective October 2, 2020, succeeding Kevin Vasconi, who is retiring. Garcia, a key player in Domino's digital innovations since 2012, will join the senior leadership team. Under her guidance, Domino's has enhanced online ordering and launched the AnyWare suite of platforms, along with new technologies like GPS delivery tracking. Domino's, as the largest pizza company globally, generated over $14.3 billion in retail sales in 2019, with more than $3.4 billion in the second quarter of 2020.
Domino's Pizza (NYSE: DPZ) commits $100 million over the next decade to support St. Jude Children's Research Hospital, marking the largest pledge in the hospital's history. This announcement coincides with the naming of a new housing facility, The Domino's Village, set to open in spring 2023, featuring 140 fully-furnished apartments for patient families. Since 2004, Domino's has raised over $68 million for St. Jude through various campaigns. This initiative reinforces Domino's collaboration with St. Jude while enhancing corporate social responsibility efforts.
Domino's Pizza (NYSE: DPZ) has launched two new specialty pizzas designed specifically for delivery: the chicken taco pizza and the cheeseburger pizza. Priced at $11.99 each, these pizzas aim to enhance delivery options. The announcement, made on August 24, 2020, includes an engaging marketing campaign featuring real customers who experienced delivery issues with traditional tacos and burgers. Domino's emphasizes its commitment to innovation and customer satisfaction, continuing to lead the pizza industry with a strong focus on delivery and digital sales.
Domino's Pizza (NYSE: DPZ) announced its commitment to hiring over 20,000 new team members across the U.S. to support busy stores during the pandemic. Positions include delivery experts and customer service representatives. The company emphasizes safety, implementing contactless delivery and enhanced sanitation measures. As a leading player in the pizza industry with over 17,100 stores globally and $14.3 billion in global retail sales in 2019, Domino's aims to provide flexible job opportunities amidst economic challenges. Interested applicants can visit jobs.dominos.com.
Domino's Pizza announced the appointment of Stu Levy as Chief Financial Officer, succeeding Jeffrey Lawrence, effective August 20, 2020. Levy, previously Executive Vice President of Supply Chain Services, has driven operational efficiencies and improved supplier relations amid the Covid-19 challenges. Cindy Headen has been promoted to Executive Vice President of Supply Chain Services, also effective August 20, 2020. Headen is recognized for securing cost savings and stabilizing supplier pricing, contributing to the company's overall financial health.
Domino's Pizza (NYSE: DPZ) has expanded its global footprint by launching its first store in Croatia, specifically in Zagreb. This new store, operated by master franchisee All About Pizza D.O.O., offers made-to-order pizza for in-store dining and delivery. With over 17,100 locations worldwide and a reported global retail sales exceeding $14.3 billion in 2019, Domino's continues to leverage franchise partnerships for growth, anticipating further expansion in Croatia with additional locations planned for the upcoming year.
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