Dominos stock price today11/28/2023 ![]() Market holidays and trading hours provided by Copp Clark Limited. All content of the Dow Jones branded indices Copyright S&P Dow Jones Indices LLC and/or its affiliates. Standard & Poor’s and S&P are registered trademarks of Standard & Poor’s Financial Services LLC and Dow Jones is a registered trademark of Dow Jones Trademark Holdings LLC. Dow Jones: The Dow Jones branded indices are proprietary to and are calculated, distributed and marketed by DJI Opco, a subsidiary of S&P Dow Jones Indices LLC and have been licensed for use to S&P Opco, LLC and CNN. Chicago Mercantile: Certain market data is the property of Chicago Mercantile Exchange Inc. US market indices are shown in real time, except for the S&P 500 which is refreshed every two minutes. Your CNN account Log in to your CNN account In an August call discussing its second quarter earnings, Papa John’s mentioned that labor costs ate into its profit. (PZZA) had positive comparable sales growth for the first time in two years.īut Domino’s isn’t the only one facing some issues related to the pandemic. In the third quarter of 2019, Papa John’s (PZZA) was still recovering from its dismal 2018 last year. In the three months that ended on September 27, sales at North American stores open for at least a year popped nearly 24% compared to the same period last year. ![]() (PZZA) has seen sales jump during the pandemic at an even higher rate than Domino’s. The chain is “building up a pretty good lead over the rest of the category,” said Winship. But Technomic expects Domino’s to remain in the top spot. Pizza Hut was next on the list at 21%, followed by Little Caesars at 15% and Papa John’s at 10%.Ĭharles Winship, senior research analyst at Technomic, said that the firm projects that both Domino’s and Papa John’s will gain market share this year. Last year, Domino’s held 27% of the market among large pizza chains, according to foodservice data firm Technomic. Spicy chicken nuggets and Travis Scott help boost McDonald's sales (Photo by Jerritt Clark/Getty Images for McDonald's) Jerritt Clark/Getty Images Travis Scott surprises crew and customers at McDonald's for the launch of the Travis Scott Meal on Septemin Downey, California. “You haven’t seen us promote wings because we’re selling all the wings that we can get our hands on today,” he added. “Our wings and our two new specialty pizzas have been very well received by our customers,” said CEO Richard Allison during Thurday’s call. And new menu items, like chicken taco pizzas, cheeseburger pizzas and chicken wings, have done well. That’s when chains set up numerous locations in one area, so that most residents are within delivery range of a Domino’s It’s also using a “fortressing” strategy, Hottovy said. The chain has rolled out unique features like “hotspots,” which let people order pizza to the beach and other outdoor locations, and has tested out self-driving delivery cars. ![]() Even more than other pizza chains, it invested in digital infrastructure. Over the years, Domino’s made a number of decisions that have set it up for success now, Hottovy said. “They to me have stood out among all the chains,” said Morningstar restaurant analyst R.J. That’s been particularly good for Domino’s. Pizza is the ultimate quarantine food: It travels well, can feed a whole family and holds up as leftovers. Scott Olson/Getty ImagesĮven though the company’s profit was lower than expected in the latest quarter, analysts are bullish on Domino’s long-term potential. The company expects those costs to remain for the duration of the pandemic.Ĭustomers flocked to Domino's in the third quarter. “The total impact from safety and cleaning equipment, enhanced sick pay and other compensation for our team members and support for our franchisees and our communities was $11 million,” CFO Stuart Levy said during an analyst call discussing results. That’s despite sales surging almost 18% in the quarter. The company reported a profit of $2.49 a share, falling short of the $2.79 that Wall Street had expected. The pizza chain’s stock dropped about 7% Thursday after it announced its earnings for the third quarter. And that’s meant Domino’s increased sales have muted profits that disappointed Wall Street. Ingredient costs have also fluctuated: The company said cheese prices have been swinging wildly during the pandemic, going from an all-time low at one point to an all-time high last quarter. People are flocking to America’s biggest pizza chains in the pandemic, and that should be great news for Domino’s.īut just as Covid-19 has people buying more pizza, it has led to higher costs for everything from cleaning supplies to worker pay.
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