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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) reported first-quarter 2023 results with a 5.9% increase in global retail sales, excluding foreign currency effects. U.S. same-store sales grew by 3.6%, while international same-store sales rose by 1.2%. The company's net store growth was 128 locations, including 22 in the U.S. and 106 internationally. Earnings per share (EPS) reached $2.93, up 17.2% from the previous year. Total revenues increased by $13.2 million, largely driven by higher supply chain revenues. The net income rose to $104.8 million, reflecting a 15.2% increase. A quarterly dividend of $1.21 per share was declared, to be paid on June 30, 2023.
Domino's Pizza (NYSE: DPZ) has launched a new ordering feature through its iOS app on Apple CarPlay, allowing customers to skip drive-thru lines. This innovative integration offers two options: 'Tap to Order' for saved or recent orders and 'Call to Order' for hands-free interaction with customer service. With this launch, Domino's continues its leadership in combining technology with pizza ordering convenience, aiming to enhance customer experience. The company reported global retail sales exceeding $17.5 billion in 2022, with a substantial portion from digital channels, indicating strong market presence and consumer reliance on tech-driven solutions for ordering.
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