The company has been highly focused on revamping its loyalty program, thus driving repeat sales, while also building its delivery partnership with Uber Eats, which has largely driven sales of Domino’s pizzas and chicken wings. The decision to revamp its loyalty program comes after the fast-food franchise looked to overcome a sales slowdown near the start of 2023.

Domino’s partnership with Uber Eats has proven to be an effective channel for growth, with the company quickly growing its customer base as a result. According to research firm M Science, Domino’s had already captured a 19% market share on Uber Eats in December.

The post Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand appeared first on theprimarymarket.com.

According to Bloomberg, the restaurant chain is expected to deliver a $1.43 billion revenue, up 6.5% from a year earlier. Despite the revenue uptick, Domino’s expected adjusted earnings per share sit at $3.97, down 6.9% from the previous year.

UBS Analyst Dennis Geiger noted that Domino’s Pizza is one of the most watched and topical stocks in the industry due to its current growth and sales concerns along with its historically strong growth levels. This contrast gives analysts a strong basis for comparison when determining the extent of the impact of price rises on sales growth.

Last October, Domino’s Pizza executives announced plans to raise prices by around 7% in the fourth quarter. In raising its prices, Domino’s is keeping in line with the movements of its close competitors Papa John’s and Pizza Hut, both of which have similar price points.

The post Investors Look to Domino’s Earnings to Understand Effects of Price Increases appeared first on theprimarymarket.com.

Domino’s entered the Italian market in 2015 through a 10-year franchise deal with ePizza SpA. The company was optimistic about its chances at the time, especially since the pizza delivery concept wasn’t common in Italy at the time.

However, Domino’s never reached the expected growth, getting to 23 stores owned by ePizza SpA and six more owned by sub-franchisees. Things really turned to worse once the pandemic hit, and Domino’s started facing more competition than ever while doing business in tough conditions. The family-owned pizza shops and local food joints started doing business with food-delivery services like Glovo and Deliveroo, taking the lion’s share of the pizza delivery market from Domino’s and sinking its profits.

Domino’s never managed to recover from this, which ended up forcing ePizza SpA to file for bankruptcy earlier this year. In the court filing, the company identified a “significantly increased level of competition in the food delivery market with both organized chains and ‘mom & pop’ restaurants delivering food to survive” as the reason for its demise.

Domino’s currently has 18,300 stores in more than 90 countries worldwide. Its biggest market in Europe is the UK and Ireland where there are 1,200 Domino’s locations.

The post Domino’s Closes All of Its Locations in Italy appeared first on theprimarymarket.com.

The company has been highly focused on revamping its loyalty program, thus driving repeat sales, while also building its delivery partnership with Uber Eats, which has largely driven sales of Domino’s pizzas and chicken wings. The decision to revamp its loyalty program comes after the fast-food franchise looked to overcome a sales slowdown near the start of 2023.

Domino’s partnership with Uber Eats has proven to be an effective channel for growth, with the company quickly growing its customer base as a result. According to research firm M Science, Domino’s had already captured a 19% market share on Uber Eats in December.

The post Domino’s Pizza Beats Quarterly Estimates Amid Rebound in Demand appeared first on theprimarymarket.com.

According to Bloomberg, the restaurant chain is expected to deliver a $1.43 billion revenue, up 6.5% from a year earlier. Despite the revenue uptick, Domino’s expected adjusted earnings per share sit at $3.97, down 6.9% from the previous year.

UBS Analyst Dennis Geiger noted that Domino’s Pizza is one of the most watched and topical stocks in the industry due to its current growth and sales concerns along with its historically strong growth levels. This contrast gives analysts a strong basis for comparison when determining the extent of the impact of price rises on sales growth.

Last October, Domino’s Pizza executives announced plans to raise prices by around 7% in the fourth quarter. In raising its prices, Domino’s is keeping in line with the movements of its close competitors Papa John’s and Pizza Hut, both of which have similar price points.

The post Investors Look to Domino’s Earnings to Understand Effects of Price Increases appeared first on theprimarymarket.com.

Domino’s entered the Italian market in 2015 through a 10-year franchise deal with ePizza SpA. The company was optimistic about its chances at the time, especially since the pizza delivery concept wasn’t common in Italy at the time.

However, Domino’s never reached the expected growth, getting to 23 stores owned by ePizza SpA and six more owned by sub-franchisees. Things really turned to worse once the pandemic hit, and Domino’s started facing more competition than ever while doing business in tough conditions. The family-owned pizza shops and local food joints started doing business with food-delivery services like Glovo and Deliveroo, taking the lion’s share of the pizza delivery market from Domino’s and sinking its profits.

Domino’s never managed to recover from this, which ended up forcing ePizza SpA to file for bankruptcy earlier this year. In the court filing, the company identified a “significantly increased level of competition in the food delivery market with both organized chains and ‘mom & pop’ restaurants delivering food to survive” as the reason for its demise.

Domino’s currently has 18,300 stores in more than 90 countries worldwide. Its biggest market in Europe is the UK and Ireland where there are 1,200 Domino’s locations.

The post Domino’s Closes All of Its Locations in Italy appeared first on theprimarymarket.com.