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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) is launching a 50% off deal on all menu-priced pizzas ordered online from Sept. 30 to Oct. 6, celebrating National Pizza Month. The offer is available through Domino's website and mobile app, covering all pizza sizes and crust types.
Joe Jordan, Domino's president of U.S. and global services, emphasized that customers can start celebrating early with this half-off deal. The promotion highlights Domino's extensive customization options, boasting over 34 million ways to create a single pizza.
This -time offer allows customers to enjoy significant savings on their favorite pizzas while showcasing Domino's diverse menu and online ordering capabilities.
Domino's Pizza Inc. (NYSE: DPZ) is expanding its menu with the addition of Mac & Cheese, launching on September 23, 2024. The new offering comes in two varieties: 5-Cheese Mac & Cheese and Spicy Buffalo 5-Cheese Mac & Cheese. Both dishes feature penne pasta with a blend of five cheeses and Alfredo sauce, with the Spicy Buffalo version including hot buffalo sauce.
Customers can enjoy these new items as part of Domino's $6.99 Mix & Match Deal or upgrade their order with jalapenos and/or bacon for $0.99 each. Domino's Rewards members can also redeem 60 points for a free order of Mac & Cheese. This addition aims to cater to customer preferences and expand Domino's pasta lineup, which already includes Chicken Alfredo and Italian Sausage Marinara.
Domino's Pizza (NYSE: DPZ) has announced its upcoming Third Quarter 2024 Earnings Webcast, scheduled for Thursday, October 10 at 8:30 a.m. ET. The event will be accessible via a live webcast on the company's investor relations website, ir.dominos.com. Investors and analysts can expect to receive the quarterly results and supplemental materials at 6:05 a.m. ET on the same day, which will also be available on the website. For those unable to attend the live event, an archived version will be made available for replay on Domino's website. Greg Lemenchick, Vice President of Investor Relations, serves as the point of contact for any inquiries related to the earnings call.
Domino's Pizza Inc. (NYSE: DPZ) is launching MOREflation, a promotion aimed at countering shrinkflation trends. From September 9-29, 2024, customers can upgrade one medium pizza to a large for free when ordering two or more medium two-topping pizzas at $6.99 each through the mix and match deal. This initiative comes as a response to high inflation and aims to provide more value to consumers.
Joe Jordan, Domino's president of U.S. and global services, emphasized the company's commitment to offering affordable meal options and great-tasting food. The promotion allows customers to choose from Hand Tossed, Thin Crust, or New York Style Crust for their upgraded pizza, maintaining customization options.
Domino's Pizza (NYSE: DPZ) has announced its participation in a fireside chat at the Piper Sandler Growth Frontiers Conference. The event, featuring Chief Financial Officer Sandeep Reddy, is scheduled for Wednesday, September 11 at 11:30 a.m. CT.
Interested parties can access the live webcast of the fireside chat at https://event.webcasts.com/Domino's. For those unable to attend the live event, Domino's will archive the webcast on their website for later viewing.
This participation in the conference provides an opportunity for investors and analysts to gain insights into Domino's financial strategies and growth prospects directly from the company's CFO.
Domino's Pizza Inc. (NYSE: DPZ) has launched a new TV ad campaign featuring Simon Cowell as their 'quality captain'. The ad, which begins airing on August 19, 2024, showcases Domino's commitment to ensuring pizza perfection before it goes in the oven. Cowell joins a team of Domino's quality captains across the U.S. who are holding pizzas to an even higher standard.
Kate Trumbull, Domino's senior vice president – chief brand officer, emphasized Cowell's eye for detail and demand for perfection in pizza-making. The campaign aims to highlight Domino's focus on operational excellence and their commitment to delivering delicious, quality food. Domino's offers five types of crust and a variety of side items and desserts.
Domino's Pizza (NYSE: DPZ) is offering a weeklong carryout special from Aug. 12-18, 2024. Customers can purchase large two-topping pizzas for $6.99 each during this period. The offer applies to Hand Tossed, Crunchy Thin, or New York Style crusts.
Kate Trumbull, Domino's senior vice president and chief brand officer, emphasized the popularity of this deal among customers, highlighting its value proposition. The promotion coincides with the end of summer and back-to-school preparations, aiming to cater to various customer activities and needs.
To take advantage of this offer, customers can visit www.dominos.com to place an order or find their nearest Domino's store.
Domino's Pizza reported strong Q2 2024 results, with global retail sales growth of 7.2% excluding foreign currency impact. Key highlights include:
- U.S. same store sales growth of 4.8%
- International same store sales growth of 2.1%
- Global net store growth of 175
- Income from operations increased 0.4% (1.7% excluding foreign currency impact)
- Net income up 29.8% to $142.0 million
- Diluted EPS up 30.8% to $4.03
The company maintained its long-term guidance of 7%+ annual global retail sales growth and 8%+ annual income from operations growth. However, it adjusted its international store growth outlook due to challenges faced by a master franchisee.
Domino's Pizza (NYSE: DPZ) has appointed Maureen Pittenger as the new executive vice president and chief human resources officer, effective July 8, 2024. Pittenger will report directly to CEO Russell Weiner and will oversee all human resources strategies and functions. She brings over 20 years of experience in human resources, including her most recent role as senior vice president and chief human resources officer at Dana. Pittenger has a track record of building high-performing teams and is expected to enhance Domino's workforce development efforts globally. She holds a bachelor's degree from the University of Michigan-Dearborn and a Juris Doctorate from Wayne State University. Pittenger expressed excitement about joining Domino's to help foster a dynamic culture and develop top-tier talent.
Domino's Pizza (NYSE: DPZ) announced its Second Quarter 2024 Earnings Webcast scheduled for July 18, 2024, at 8:30 a.m. ET. The webcast will be available live on the company's investor relations website, and an archive will be accessible for replay. Results along with supplemental materials will be released at 6:05 a.m. ET on the same day. For further information, Greg Lemenchick, Vice President of Investor Relations, can be contacted via email.
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