That is a very attractive proposition for franchisees, and it is little wonder that the domestic store count has been growing at a respectable clip.Īnother quicker way of checking restaurant-level health is to look at the rate at which franchisees are closing stores. Cash-on-cash returns thus land at around the 40% mark. That is admittedly down a bit from the COVID boom years, but initial investment requirements are also quite low for a Domino's store: Notwithstanding the recent bout of inflation, they are probably somewhere in the $400K region. With that, Domino's franchisees are currently earning around $155,000 in annual EBITDA per store on average as per the most recent earnings call. At the end of the day, franchisees that earn good returns on their initial investment are highly incentivized to open up new stores, and in the long run that will map to growth at the corporate level too. The first port of call in any discussion of franchised restaurant stocks is store-level profitability. While some of the former is admittedly showing up in results here, the long-term growth outlook remains attractive, and I open on Domino's with a Buy rating. The global pizza franchisor has ultimately seen its shares return around 20% so far this year, with earlier fears of a slowdown in demand giving way to improved franchisee-level profitability and expectations that long-term growth will continue at an attractive clip. In 2023, Domino's launched Pinpoint Delivery, a new technology that allows customers to receive a delivery nearly anywhere, including places like parks, baseball fields and beaches.Domino's Pizza ( NYSE: DPZ) has been on a bit of a rollercoaster ride this year. retail sales in 2022 via digital channels and has developed several innovative ordering platforms, including those for Apple CarPlay, Amazon Alexa, text-to-order and more. In the U.S., Domino's generated more than 80% of U.S. Emphasis on technology innovation helped Domino's achieve approximately two-thirds of all global retail sales in 2022 from digital channels. Its system is comprised of independent franchise owners who accounted for 99% of Domino's stores as of the end of the third quarter of 2023. In the third quarter of 2023, Domino's had global retail sales of over $4.2 billion, with nearly $2.1 billion in the U.S. Domino's had global retail sales of over $17.5 billion in 2022, with over $8.7 billion in the U.S. It ranks among the world's top public restaurant brands with a global enterprise of more than 20,000 stores in over 90 markets. įounded in 1960, Domino's Pizza is the largest pizza company in the world, with a significant business in both delivery and carryout pizza. Limit one (1) nomination per person, per email address. ![]() Must be 13+ years of age to make a nomination eligible minors should have parental consent to participate. Nomination period ends 1/21/24 or when all available Funds have been claimed. ![]() The chosen municipalities will be listed on the Plowing for Pizza website, which will also feature images and footage from the plowing locations. Twenty communities that accept their award will not only get funds to pay for clearing snow on wintry days, they will also get a winter-themed Domino's Plowing for Pizza kit, including winter hats, scarves, snow measuring stick and sign, vehicle magnets and other themed items, including $200 in Domino's gift cards, so plow drivers can warm up with hot pizza after a cold, hard day of work. Domino's will name selected towns on a rolling basis throughout the program to make sure grants are awarded during the winter season towns chosen will be announced as soon as mid-January.ĭomino's has already worked alongside three municipalities to help their plowing efforts this winter season, including Erie, PA Marquette, MI and Manhattan, MT. 21, 2024, and is limited to one submission per email address. ![]() So yes-you heard it right: a pizza company is actually helping to plow roads."Ĭustomers can visit to submit the zip code of their hometown for a grant. "To us, nothing should stand in the way of getting a delicious pizza, including snowy, cold weather. ![]() "At Domino's we've made delivery cars with warming ovens built in, paved roads to get your pizza home hot and in perfect condition, and offered pizza insurance for when anything goes awry," said Joe Jordan, Domino's president of U.S. The world’s largest pizza company is helping cities clear wintry streets across the country
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