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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 has launched a new menu item, Loaded Tots, featuring crispy potato tots topped with various ingredients. Available in three varieties: Philly Cheese Steak, Cheddar Bacon, and Melty 3-Cheese, they are marketed as perfect for gatherings, especially for the upcoming football game.
The new Loaded Tots are part of Domino's Mix & Match Deal, priced at $6.99 when customers order two or more items. This release comes as Domino's anticipates increased sales, with a forecast of selling around 2 million pizzas on Super Bowl Sunday. The company reported global retail sales of nearly $17.8 billion in 2021.
ShiftKey, a Dallas-based technology company focused on healthcare staffing, has expanded its leadership team by hiring four executives: Jeffrey Lawrence (CFO), Ryan Bonifacino (CMO), Thomas Fredell (CPO), and Brian Scott (CSO). Founded in 2016, ShiftKey connects licensed professionals with healthcare communities to address staffing shortages. Jeffrey Lawrence has extensive experience, including a successful IPO at FIGS and key roles at Domino's Pizza. Ryan Bonifacino was previously at FIGS, while Thomas Fredell and Brian Scott bring expertise in product development and healthcare solutions, respectively. This leadership expansion follows a recent round of capital funding.
Domino's Pizza (NYSE: DPZ) has scheduled its Fourth Quarter/Year-End 2022 Earnings Webcast for February 23 at 10 a.m. EST. The event will be accessible through the company's investor relations website.
Domino's is the largest pizza company globally, boasting over 19,500 stores in more than 90 markets. In 2021, it reported global retail sales nearing $17.8 billion, with significant contributions from digital sales channels.
Domino's Pizza (NYSE: DPZ), the world’s largest pizza chain, has expanded its operations into two new countries: Uruguay and Latvia. The first store in Latvia opened in Riga, while the Uruguayan location is situated in Montevideo. The new stores aim to leverage Domino's renowned customer service and technology for delivery and carryout. Domino's operates over 19,500 stores globally, reporting nearly $17.8 billion in retail sales in 2021, with significant contributions coming from international markets.
Domino's Pizza (NYSE:DPZ) is reintroducing its carryout tips program, offering customers a $3 tip for their next online order. This initiative, running until March 26, 2023, aims to thank carryout customers for their loyalty, as Domino's is the top carryout pizza provider in the U.S., holding a 19% market share. The company previously awarded over 17 million tips during an earlier campaign. Customers can combine the tip with other offers for additional savings, reinforcing Domino's commitment to enhancing customer experience and loyalty.
Domino's Pizza (NYSE: DPZ) has released its 2022 corporate stewardship report, outlining its commitment to sustainability and inclusivity. Key highlights include new 2030 inclusivity goals, updates on its carbon footprint reduction efforts validated by the SBTi, and a consumer pizza box recycling campaign. Domino's emphasizes the synergy between environmental responsibility and business success. As of Q3 2022, the company reported global retail sales exceeding $4.0 billion.
Domino's Pizza (NYSE: DPZ) is offering a 50% discount on all menu-priced pizzas ordered online from November 14 to November 20, 2022, to show customer appreciation during U.S. National Gratitude Month. Customers can enjoy this deal through Domino's website, mobile apps, and various ordering platforms. With over 19,500 stores globally and significant sales from digital channels, Domino's aims to provide convenient meal solutions as the holiday season approaches.
Domino's Pizza (NYSE: DPZ) launches its 18th annual Thanks and Giving campaign, encouraging customers to donate to St. Jude Children's Research Hospital while ordering from October 24, 2022, to January 8, 2023. Customers can easily add donations to their orders, helping raise funds for St. Jude’s mission to cure and save children. Over the years, Domino's has raised more than $96 million for St. Jude. The campaign will contribute toward building The Domino's Village, a new housing facility for families of patients, with a historic pledge of $100 million.
Domino's Pizza reported a 4.7% growth in global retail sales for Q3 2022, though total retail sales actually declined 1.6% when factoring in foreign currency impact. U.S. same-store sales rose 2.0%, contrasting with a 1.8% decline internationally. The company achieved net store growth of 225 locations, yet diluted EPS fell 13.9% to $2.79. A quarterly dividend of $1.10 per share was declared. Significant challenges included a 16.5% reduction in net income, attributed to higher taxes and lower operational income.
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