Domino’s Pizza (NYSE: DPZ) was featured in a recent analysis report that detailed the company’s surge in demand during the quarantine. The report, written by LikeFolio Founder Andy Swan, reads, “On its last earnings release, DPZ confirmed increased demand in the first four weeks of 20Q2 (March 23 – April 19). Same store sales were up 7.1% and the company is in the middle of hiring 10,000 workers to meet quarantine demand. LikeFolio data confirms surging demand through May. Overall, Purchase Intent mentions in 20Q2 increased 6% YoY. However, the current trajectory has shifted…especially in the last month. The 30-day Moving Average is pacing -13% YoY.”
About Domino’s Pizza(R)
Founded in 1960, Domino’s Pizza is the largest pizza company in the world based on retail sales, with a significant business in both delivery and carryout pizza. It ranks among the world’s top public restaurant brands with a global enterprise of more than 17,000 stores in over 90 markets. Domino’s had global retail sales of over $14.3 billion in 2019, with over $7.0 billion in the U.S. and nearly $7.3 billion internationally. In the first quarter of 2020, Domino’s had global retail sales of over $3.4 billion, with over $1.7 billion in the U.S. and over $1.7 billion internationally. Its system is comprised of independent franchise owners who accounted for 98% of Domino’s stores as of the end of the first quarter of 2020. Emphasis on technology innovation helped Domino’s achieve more than half of all global retail sales in 2019 from digital channels, primarily online ordering and mobile applications. In the U.S., Domino’s generates over 65% of sales via digital channels and has developed several innovative ordering platforms, including those developed for Google Home, Facebook Messenger, Apple Watch, Amazon Echo and Twitter – as well as Domino’s Hotspots(R), an ordering platform featuring over 200,000 unique, non-traditional delivery locations. In June 2019, through an announced partnership with Nuro, Domino’s furthered its exploration and testing of autonomous pizza delivery. In late 2019, Domino’s opened the Domino’s Innovation Garage adjacent to its headquarters in Ann Arbor, Michigan to fuel continued technology and operational innovation – while also launching its GPS technology, allowing customers to follow the progress of the delivery driver from store to doorstep. For more information, visit http://biz.dominos.com
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