Cities with the most number of Dominos locations in the United States –
City | State / Territory | Number of Locations |
---|---|---|
Houston | Texas | 59 |
San Antonio | Texas | 37 |
Austin | Texas | 34 |
Las Vegas | Nevada | 32 |
Los Angeles | California | 32 |
Chicago | Illinois | 30 |
Orlando | Florida | 29 |
Miami | Florida | 27 |
Dallas | Texas | 27 |
Fort Worth | Texas | 25 |
Contents
How many locations does Domino’s pizza have?
Franchises – Map of countries with Domino’s Pizza restaurants (from 2022) Domino’s Pizza, as of September 2018, has locations in the United States (including the District of Columbia, Guam, Puerto Rico, and the United States Virgin Islands ), in 83 other countries, including overseas territories such as the Cayman Islands, and states with limited recognition, such as Kosovo and Northern Cyprus,
- Domino’s Pizza Israel was founded in 1990, and opened their first branch in 1993. They are operated by Elgad Pizza. As of August 2014, there are 33 branches throughout the country. There are 4 kosher franchises.
- The rights to own, operate, and franchise branches of the chain in Australia, Denmark, New Zealand, France, Belgium, the Netherlands, and Monaco are currently owned by Australian Domino’s Pizza Enterprises, having bought the master franchises from the parent company in 1993 (Australian and New Zealand franchises) and 2006 (European franchises).
- The master franchises for the UK and Ireland were purchased in 1993 by the British publicly listed Domino’s Pizza Group (DPG), which acquired the master franchise for Germany in 2011, and Switzerland, Liechtenstein, and Luxembourg in August 2012 by buying the Swiss master franchise holder, with an option to acquire the Austrian master franchise as well. DPG opened its first Swedish location near the Mobilia shopping mall in Malmö in December 2016; three years later, in 2019, they announced that they would be selling all of their current business in the country.
- The master franchises for India, Nepal, and Sri Lanka are currently owned by the Indian company Jubilant FoodWorks, India is the largest international market for Domino’s outside its home market, being the only country to have over 1,000 Domino’s outlets. The company operates 1,362 stores across 264 Indian cities as of 2018.
- In Bangladesh, the franchises for Domino’s Pizza are co-owned by Jubilant FoodWorks and Golden Harvest Limited, forming ‘Domino’s Pizza Bangladesh Limited’. In this entity, Jubilant FoodWorks is the majority shareholder and owns 51% of the company, while the rest of the share is owned by Golden Harvest Limited. The first store in Bangladesh opened in February 2019.
- As of July 27, 2020, Domino’s Pizza opened in downtown Zagreb, Croatia,
- As of 2020, Domino’s Pizza opened 550 stores in Turkey,
- In Italy, Domino’s declared bankruptcy closing all its stores.
- As of November, 2022, Domino’s Pizza opened in Montevideo, Uruguay, being the franchise´s first location in the Southern Cone, and announcing the plan of opening 20 stores in this city in the next 5 years.
How many Domino’s stores are there worldwide?
By Lakshay kumar
Region | Q3 2020 | Q3 2021 |
---|---|---|
International Stores | 11,017 | 11,909 |
US Company-owned stores | 348 | 367 |
US Franchise Stores | 5,891 | 6,104 |
US Stores | 6,239 | 6,471 |
What is the largest pizza chain in the world?
#9 Domino’s Pizza, Inc. (DPZ) –
Revenue (TTM): $3.7 billionNet Income (TTM): $0.4 billionMarket Cap: $15.2 billion1-Year Trailing Total Return: 59.6%Exchange: New York Stock Exchange
Domino’s Pizza is the largest pizza company in the world, with more than 17,000 stores in 90 countries. Domino’s offers a wide range of pizza products, such as traditional hand-tossed pizza, Brooklyn-style pizza, and pizza with crunchy, thick crusts. More than 94% of Domino’s stores in the U.S. are franchise-owned.
Pogledajte cijeli odgovor
Is Domino’s bigger than Pizza Hut?
Home » Domino’s vs Pizza Hut – Which Pizza Is Better? The increasing popularity of pizza over the years has led to pizza wars. This head-to-head battle of Domino’s vs Pizza Hut will confirm who has the best crust, toppings, and other winning criteria. Since these two pizza chains ruled the market for years, thus making them the most-discussed pizza battle online.
Domino’s has 17,644 restaurants worldwide Pizza Hut has more than 18,000 restaurants
Actually, they sell similar types of pizzas. But the question is – ” Which pizza is better? ” Well, look no further for the answer. Read on this blog to know which pizza chain reigns!
Pogledajte cijeli odgovor
How many Dominos pizza are there 2022?
Global retail sales growth (excluding foreign currency impact) of 4.7% U.S. same store sales growth of 2.0% International same store sales decline (excluding foreign currency impact) of 1.8% Global net store growth of 225 Diluted EPS down 13.9% to $2.79, /PRNewswire/ – Domino’s Pizza, Inc.
(NYSE: DPZ), the largest pizza company in the world, announced results for the third quarter of 2022. Global retail sales, excluding the negative impact of foreign currency, grew 4.7% in the third quarter of 2022. Without adjusting for the impact of foreign currency, global retail sales declined 1.6% in the third quarter of 2022.U.S.
same store sales increased 2.0% and international same store sales (excluding foreign currency impact) declined 1.8% during the third quarter of 2022. The decline in international same store sales (excluding foreign currency impact) was driven in part by a value added tax holiday in the United Kingdom in the third quarter of 2021 that did not recur in the third quarter of 2022.
- The Company had third quarter global net store growth of 225 stores, comprised of 24 net U.S.
- Store openings and 201 net international store openings.
- Diluted EPS for the third quarter of 2022 was $2.79, a decrease of 13.9% from diluted EPS of $3.24 in the third quarter of 2021.
- Subsequent to the end of the third quarter of 2022, on October 11, 2022, the Company’s Board of Directors declared a $1.10 per share quarterly dividend on its outstanding common stock for shareholders of record as of December 15, 2022 to be paid on December 30, 2022,
Additionally, subsequent to the end of the third quarter of 2022, on September 16, 2022 (the “Closing Date”), certain of the Company’s subsidiaries issued a new variable funding note facility which allows for advances of up to $120.0 million of Series 2022-1 Variable Funding Senior Secured Notes, Class A-1 Notes (the “2022 Variable Funding Notes”).
The 2022 Variable Funding Notes were undrawn on the Closing Date. The Company’s existing $200.0 million Series 2021-1 Variable Funding Senior Secured Notes, Class A-1 Notes (the “2021 Variable Funding Notes”) also remain in place. Further, subsequent to the end of the third quarter of 2022, the Company sold 114 U.S.
Company -owned stores in Arizona and Utah to certain of its franchisees for $41.1 million, and the Company expects to record a gain on this transaction in the fourth quarter of 2022. The accounting for this transaction is still in process as of the date of this press release.
I’m encouraged with our performance and the sequential improvements we made during the third quarter. Our team members and franchisees around the world continued to show the agility and perseverance required to operate in a volatile macro-economic environment,” said Russell Weiner, Domino’s Chief Executive Officer.
“As we begin the fourth quarter, I believe Domino’s is poised to emerge from these volatile times stronger than ever. We delivered around one out of every three pizzas in the United States before the pandemic, and we deliver around one out of every three pizzas today.
(in millions, except share and per share data) | Third Quarter of 2022 | Third Quarter of 2021 | Three Fiscal Quarters of 2022 | Three Fiscal Quarters of 2021 | ||||||||||||
Net income | $ | 100.5 | $ | 120.4 | $ | 294.0 | $ | 354.8 | ||||||||
Weighted average diluted shares | 36,062,316 | 37,130,209 | 36,265,918 | 38,144,509 | ||||||||||||
Diluted EPS | $ | 2.79 | $ | 3.24 | $ | 8.11 | $ | 9.30 | ||||||||
Items affecting comparability (1) | — | — | — | 0.06 | ||||||||||||
Diluted EPS, as adjusted (1) | $ | 2.79 | $ | 3.24 | $ | 8.11 | $ | 9.36 |
table>
ul> Revenues increased $70.6 million, or 7.1%, in the third quarter of 2022 as compared to the third quarter of 2021, due primarily to higher supply chain revenues attributable to increases in market basket pricing to stores, as well as higher U.S. stores revenue driven by a 4.1% increase in U.S. retail sales. The Company’s market basket pricing to stores increased 13.4% during the third quarter of 2022 over the third quarter of 2021. These increases in revenues were partially offset by lower international franchise royalties and fees revenues. Although international retail sales (excluding foreign currency impact) grew 5.2%, the resulting increase in international franchise revenues was more than offset by the negative impact of changes in foreign currency exchange rates of approximately $7.9 million, Income from Operations decreased $3.8 million, or 2.1%, in the third quarter of 2022 as compared to the third quarter of 2021, primarily due to lower U.S. Company -owned store and supply chain gross margins. These decreases were partially offset by lower general and administrative expenses. Net Income decreased $19.9 million, or 16.5%, in the third quarter of 2022 as compared to the third quarter of 2021. This decrease was driven primarily by a higher provision for income taxes and lower income from operations. Provision for income taxes increased $16.9 million in the third quarter of 2022 due to a higher effective tax rate. The effective tax rate increased to 23.8% during the third quarter of 2022 as compared to 10.7% in the third quarter of 2021, driven primarily by a 9.8 percentage point change in the impact of excess tax benefits from equity-based compensation, which are recorded as a reduction to the income tax provision, as well as lower foreign tax credits. Diluted EPS was $2.79 in the third quarter of 2022 versus $3.24 in the third quarter of 2021, representing a $0.45, or 13.9%, decrease from the prior year quarter. The decrease in diluted EPS was driven by lower net income in the third quarter of 2022 as compared to the prior year quarter, and was partially offset by a lower weighted average diluted share count, resulting from the Company’s share repurchases during the trailing four quarters.
The tables below outline certain statistical measures utilized by the Company to analyze its performance (unaudited). Refer to Comments on Regulation G below for additional details.
Third Quarter of 2022 | Third Quarter of 2021 | Third Quarter of 2020 | ||||
Same store sales growth: (versus prior year period) | ||||||
U.S. Company -owned stores (1) | (1.9) % | (8.9) % | + 16.6 % | |||
U.S. franchise stores (1) | + 2.2 % | (1.5) % | + 17.5 % | |||
U.S. stores | + 2.0 % | (1.9) % | + 17.5 % | |||
International stores (excluding foreign currency impact) | (1.8) % | + 8.8 % | + 6.2 % | |||
Global retail sales growth: (versus prior year period) | ||||||
U.S. stores | + 4.1 % | + 1.1 % | + 21.3 % | |||
International stores | (6.8) % | + 19.6 % | + 7.7 % | |||
Total | (1.6) % | + 10.0 % | + 14.4 % | |||
Global retail sales growth: (versus prior year period, excluding foreign currency impact) | ||||||
U.S. stores | + 4.1 % | + 1.1 % | + 21.3 % | |||
International stores | + 5.2 % | + 16.5 % | + 8.5 % | |||
Total | + 4.7 % | + 8.5 % | + 14.8 % |
table>
table>
table>
Financial Results Comparability Financial results for the Company can be significantly affected by changes in its capital structure, its effective tax rate, adoption of new accounting pronouncements, store portfolio changes, calendar timing and other factors.
The Company’s recapitalization transactions have historically resulted in higher net interest expense due primarily to higher net debt levels, as well as the amortization of debt issuance costs associated with the repayment of certain of the Company’s notes. Additionally, repurchases and retirements of shares of the Company’s common stock pursuant to its share repurchase programs have historically reduced its weighted average diluted shares outstanding.
In addition to the above factors impacting comparability, the table below presents certain items related to the Company’s April 2021 recapitalization transaction that affect comparability between the Company’s 2022 and 2021 financial results (unaudited).
Fiscal Quarter Ended September 12, 2021 | Three Fiscal Quarters Ended September 12, 2021 | |||||||||||||||||||||||
(in thousands, except per share data) | Pre-tax | After-tax | Diluted EPS Impact | Pre-tax | After-tax | Diluted EPS Impact | ||||||||||||||||||
2021 items affecting comparability: | ||||||||||||||||||||||||
Recapitalization expenses: | ||||||||||||||||||||||||
General and administrative expenses (1) | $ | — | $ | — | $ | — | $ | (509) | $ | (397) | $ | (0.01) | ||||||||||||
Interest expense (2) | — | — | — | (309) | (241) | (0.01) | ||||||||||||||||||
Debt issuance cost write-off (3) | — | — | — | (2,024) | (1,581) | (0.04) | ||||||||||||||||||
Total of 2021 items | $ | — | $ | — | $ | — | $ | (2,842) | $ | (2,219) | $ | (0.06) |
table>
Fiscal 2022 Guidance Update Based on actual results to date for the three fiscal quarters of 2022 and the Company’s outlook for the remainder of fiscal 2022, the Company is providing the following updates related to its fiscal 2022 guidance provided on July 21, 2022 for the impact of changes in foreign currency exchange rates on international franchise royalty revenues, capital expenditures and general and administrative expense.
Previous Fiscal 2022 Guidance | Updated Fiscal 2022 Guidance | |||
Negative impact of changes in foreign currency exchange rates on royalty revenues vs.2021 | $22.0 – $26.0 million | $29.0 – $31.0 million | ||
Capital expenditures | $120.0 million | $100.0 million | ||
General and administrative expense (1) | $420.0 – $428.0 million | $415.0 – $420.0 million | ||
Food basket pricing increase vs.2021 | 13.0% – 15.0% | 13.0% – 15.0% |
table>
Share Repurchases During the third quarter of 2022, the Company repurchased and retired 490,789 shares of common stock for a total of $196.1 million, As of September 11, 2022, the Company had a total remaining authorized amount for share repurchases of $410.4 million, Liquidity As of September 11, 2022, the Company had approximately:
$114.8 million of unrestricted cash and cash equivalents; $5.15 billion in total debt; and $35.8 million of available borrowing capacity under its 2021 Variable Funding Notes, net of $120.0 million of outstanding borrowings and letters of credit issued of $44.2 million, Subsequent to the end of the third quarter of 2022, the Company repaid $60.0 million of its outstanding borrowings under its 2021 Variable Funding Notes. Additionally, subsequent to the end of the third quarter of 2022, the Company entered into the 2022 Variable Funding Notes facility which provides for an additional $120.0 million of borrowing capacity.
Net cash provided by operating activities was $330.2 million during the three fiscal quarters of 2022. The Company invested $50.5 million in capital expenditures during the three fiscal quarters of 2022. Free cash flow, as reconciled below to net cash provided by operating activities, as determined under accounting principles generally accepted in the United States of America (“GAAP”), was approximately $279.6 million during the three fiscal quarters of 2022 (refer to Comments on Regulation G below for additional details).
(in thousands) | Three Fiscal Quarters of 2022 | |||
Net cash provided by operating activities | $ | 330,154 | ||
Capital expenditures | (50,508) | |||
Free cash flow | $ | 279,646 |
Comments on Regulation G In addition to the GAAP financial measures set forth in this press release, the Company has included non-GAAP financial measures within the meaning of Regulation G, including diluted EPS, as adjusted and free cash flow metrics.
The Company has also included metrics such as global retail sales, global retail sales growth, global retail sales growth, excluding foreign currency impact and same store sales growth, which are commonly used statistical measures in the quick-service restaurant industry that are important to understanding Company performance.
The Company uses ” Global retail sales ” to refer to total worldwide retail sales at Company-owned and franchise stores. The Company believes global retail sales information is useful in analyzing revenues because franchisees pay royalties and advertising fees that are based on a percentage of franchise retail sales.
- The Company reviews comparable industry global retail sales information to assess business trends and to track the growth of the Domino’s Pizza brand.
- In addition, supply chain revenues are directly impacted by changes in franchise retail sales.
- Retail sales for franchise stores are reported to the Company by its franchisees and are not included in Company revenues.
” Global retail sales growth ” is calculated as the change of U.S. Dollar global retail sales against the comparable period of the prior year. ” Global retail sales growth, excluding foreign currency impact ” is calculated as the change of international local currency global retail sales against the comparable period of the prior year.
The Company uses ” Same store sales growth,” which is calculated by including only sales from stores that also had sales in the comparable weeks of both years. International same store sales growth is calculated similarly to U.S. same store sales growth. Changes in international same store sales are reported excluding foreign currency impacts, which reflect changes in international local currency sales.
The Company uses “Diluted EPS, as adjusted,” which is calculated as reported diluted EPS, adjusted for the items that affect comparability to the prior year periods. The most directly comparable financial measure calculated and presented in accordance with GAAP is diluted EPS.
The Company believes that the diluted EPS, as adjusted, measure is important and useful to investors and other interested persons and that such persons benefit from having a consistent basis for comparison between reporting periods. The Company uses diluted EPS, as adjusted, internally to evaluate operating performance, to evaluate itself against its peers and in long-range planning.
Additionally, the Company believes that analysts covering the Company’s stock performance generally eliminate these items affecting comparability when preparing their financial models, when determining their published EPS estimates and when benchmarking the Company against its competitors.
The Company uses ” Free cash flow,” which is calculated as net cash provided by operating activities, less capital expenditures, both as reported under GAAP. The Company believes that the free cash flow measure is important to investors and other interested persons, and that such persons benefit from having a measure which communicates how much cash flow is available for working capital needs or to be used for repurchasing debt, making acquisitions, repurchasing common stock or paying dividends.
Conference Call Information The Company will file its Quarterly Report on Form 10-Q today. As previously announced, Domino’s Pizza, Inc. will hold a conference call today at 10 a.m. (Eastern) to review its third quarter 2022 financial results. The webcast is available at ir.dominos.com and will be archived for one year.
- About Domino’s Pizza ® Founded in 1960, Domino’s Pizza is the largest pizza company in the world, 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 19,500 stores in over 90 markets.
- Domino’s had global retail sales of nearly $17.8 billion in 2021, with over $8.6 billion in the U.S.
and over $9.1 billion internationally. In the third quarter of 2022, Domino’s had global retail sales of over $4.0 billion, with over $2.0 billion in the U.S. and nearly $2.0 billion internationally. Its system is comprised of independent franchise owners who accounted for 98% of Domino’s global stores as of the end of the third quarter of 2022.
- Emphasis on technology innovation helped Domino’s achieve more than half of all global retail sales in 2021 from digital channels.
- In the U.S.
- Domino’s generated more than 75% of U.S.
- Retail sales in 2021 via digital channels and has developed several innovative ordering platforms, including those for Google Home, Facebook Messenger, Apple Watch, Amazon Echo, Twitter and more.
Order – dominos.com Company Info – biz.dominos.com Please visit our Investor Relations website at ir.dominos.com to view news, announcements, earnings releases, investor presentations and conference webcasts. SAFE HARBOR STATEMENT UNDER THE PRIVATE SECURITIES LITIGATION REFORM ACT OF 1995: This press release contains various forward-looking statements about the Company within the meaning of the Private Securities Litigation Reform Act of 1995 (the “Act”) that are based on current management expectations that involve substantial risks and uncertainties which could cause actual results to differ materially from the results expressed in, or implied by, these forward-looking statements.
- The following cautionary statements are being made pursuant to the provisions of the Act and with the intention of obtaining the benefits of the “safe harbor” provisions of the Act.
- You can identify forward-looking statements by the use of words such as “anticipates,” “believes,” “could,” “should,” “estimates,” “expects,” “intends,” “may,” “will,” “plans,” “predicts,” “projects,” “seeks,” “approximately,” “potential,” “outlook” and similar terms and phrases that concern our strategy, plans or intentions, including references to assumptions.
These forward-looking statements address various matters including information concerning future results of operations and business strategy, our anticipated profitability, estimates in same store sales growth, the growth of our U.S. and international business, our ability to service our indebtedness, our future cash flows, our operating performance, trends in our business and other descriptions of future events reflect the Company’s expectations based upon currently available information and data.
- While we believe these expectations and projections are based on reasonable assumptions, such forward-looking statements are inherently subject to risks, uncertainties and assumptions.
- Important factors that could cause actual results to differ materially from our expectations are more fully described in our filings with the Securities and Exchange Commission, including under the section headed “Risk Factors” in our Annual Report on Form 10-K for the fiscal year ended January 2, 2022,
Actual results may differ materially from those expressed or implied in the forward-looking statements as a result of various factors, including but not limited to: our substantial increased indebtedness as a result of our recapitalization transactions and our ability to incur additional indebtedness or refinance or renegotiate key terms of that indebtedness in the future; the impact a downgrade in our credit rating may have on our business, financial condition and results of operations; our future financial performance and our ability to pay principal and interest on our indebtedness; our ability to manage difficulties associated with or related to the ongoing COVID-19 pandemic and the effects of COVID-19 and related regulations and policies on our business and supply chain, including impacts on the availability of labor; labor shortages or changes in operating expenses resulting from changes in prices of food (particularly cheese), fuel and other commodity costs, labor, utilities, insurance, employee benefits and other operating costs; the effectiveness of our advertising, operations and promotional initiatives; shortages, interruptions or disruptions in the supply or delivery of fresh food products and store equipment; the strength of our brand, including our ability to compete in the U.S.
And internationally in our intensely competitive industry, including the food service and food delivery markets; the impact of social media and other consumer-oriented technologies on our business, brand and reputation; the impact of new or improved technologies and alternative methods of delivery on consumer behavior; new product, digital ordering and concept developments by us, and other food-industry competitors; our ability to maintain good relationships with and attract new franchisees, and franchisees’ ability to successfully manage their operations without negatively impacting our royalty payments and fees or our brand’s reputation; our ability to successfully implement cost-saving strategies; our ability and that of our franchisees to successfully operate in the current and future credit environment; changes in the level of consumer spending given general economic conditions, including interest rates, energy prices and consumer confidence; our ability and that of our franchisees to open new restaurants and keep existing restaurants in operation; the impact that widespread illness, health epidemics or general health concerns, severe weather conditions and natural disasters may have on our business and the economies of the countries where we operate; changes in foreign currency exchange rates; changes in income tax rates; our ability to retain or replace our executive officers and other key members of management and our ability to adequately staff our stores and supply chain centers with qualified personnel; our ability to find and/or retain suitable real estate for our stores and supply chain centers; changes in government legislation and regulations, including changes in laws and regulations regarding information privacy, payment methods and consumer protection and social media; adverse legal judgments or settlements; food-borne illness or contamination of products or food tampering; data breaches, power loss, technological failures, user error or other cyber risks threatening us or our franchisees; the impact that environmental, social and governance matters may have on our business and reputation; the effect of war, terrorism, catastrophic events or climate change; our ability to pay dividends and repurchase shares; changes in consumer tastes, spending and traffic patterns and demographic trends; actions by activist investors; changes in accounting policies; and adequacy of our insurance coverage.
In light of these risks, uncertainties and assumptions, the forward-looking events discussed in this press release might not occur. All forward-looking statements speak only as of the date of this press release and should be evaluated with an understanding of their inherent uncertainty.
Except as required under federal securities laws and the rules and regulations of the Securities and Exchange Commission, or other applicable law, we will not undertake, and specifically disclaim, any obligation to publicly update or revise any forward-looking statements to reflect events or circumstances arising after the date of this press release, whether as a result of new information, future events or otherwise.
You are cautioned not to place undue reliance on the forward-looking statements included in this press release or that may be made elsewhere from time to time by, or on behalf of, us. All forward-looking statements attributable to us are expressly qualified by these cautionary statements.
Domino’s Pizza, Inc. and Subsidiaries Condensed Consolidated Statements of Income (Unaudited) | ||||||||||||||||
Fiscal Quarter Ended | ||||||||||||||||
September 11, 2022 | % of Total Revenues | September 12, 2021 | % of Total Revenues | |||||||||||||
(In thousands, except per share data) | ||||||||||||||||
Revenues: | ||||||||||||||||
U.S. Company -owned stores | $ | 112,388 | $ | 108,416 | ||||||||||||
U.S. franchise royalties and fees | 128,878 | 121,624 | ||||||||||||||
Supply chain | 646,082 | 588,819 | ||||||||||||||
International franchise royalties and fees | 67,055 | 70,553 | ||||||||||||||
U.S. franchise advertising | 114,193 | 108,578 | ||||||||||||||
Total revenues | 1,068,596 | 100.0 | % | 997,990 | 100.0 | % | ||||||||||
Cost of sales: | ||||||||||||||||
U.S. Company -owned stores | 98,589 | 86,932 | ||||||||||||||
Supply chain | 588,157 | 525,858 | ||||||||||||||
Total cost of sales | 686,746 | 64.3 | % | 612,790 | 61.4 | % | ||||||||||
Gross margin | 381,850 | 35.7 | % | 385,200 | 38.6 | % | ||||||||||
General and administrative | 91,205 | 8.5 | % | 96,342 | 9.6 | % | ||||||||||
U.S. franchise advertising | 114,193 | 10.7 | % | 108,578 | 10.9 | % | ||||||||||
Income from operations | 176,452 | 16.5 | % | 180,280 | 18.1 | % | ||||||||||
Interest expense, net | (44,604) | (4.2) | % | (45,475) | (4.6) | % | ||||||||||
Income before provision for income taxes | 131,848 | 12.3 | % | 134,805 | 13.5 | % | ||||||||||
Provision for income taxes | 31,344 | 2.9 | % | 14,403 | 1.4 | % | ||||||||||
Net income | $ | 100,504 | 9.4 | % | $ | 120,402 | 12.1 | % | ||||||||
Earnings per share: | ||||||||||||||||
Common stock – diluted | $ | 2.79 | $ | 3.24 |
table>
table>
table>
img class=’aligncenter wp-image-189362 size-full’ src=’https://spizza.hr/wp-content/uploads/2022/12/jycemutaezhyha.jpg’ alt=’Domino’S Pizza Number Of Locations’ /> View original content to download multimedia: https://www.prnewswire.com/news-releases/dominos-pizza-announces-third-quarter-2022-financial-results-301648024.html SOURCE Domino’s Pizza, Inc. Ryan Goers, VP – Finance & IR, (734) 930-3925
Pogledajte cijeli odgovor
How many dominos locations are there in 2022?
How many Dominos locations are there in the United States? – There are 6,571 Dominos locations in the United States as of November 28, 2022. The state with the most number of Dominos locations in the US is Texas, with 698 locations, which is about 11% of all Dominos locations in the US.51 States and Territories
Pogledajte cijeli odgovor
Who sells the most pizza?
Restaurant Name | Gross Sales | |
---|---|---|
1 | Domino’s~~ | $12,252,100,000 |
2 | Pizza Hut~` | $12,034,000,000 |
3 | Little Caesars Pizza* | $4,000,000,000 |
4 | Papa John’s International* | $3,695,000,000 |
Is Domino’s pizza still in Russia?
Papa Johns, Subway, Domino’s take stand on Ukraine invasion Papa Johns International Inc., Subway and Domino’s on Wednesday joined the growing number of U.S.-based restaurant chains to take action in Russia, but the move illustrates the challenges of franchising overseas at times when shifting global tensions ignite public outrage.
- Because of that relationship, however, the Papa Johns units in Russia are likely still open and there’s very little the franchisor can do about it.
- The situation illustrates the ever-present challenge of international franchising, which faces the risk of shifts in global relations that can upend business agreements, said Alan Greenfield, an attorney with Greenberg Traurig LLP in Chicago, who specializes in international franchising.
- But it also shows how the different models for international franchising can prove both an obstacle — and a buffer — for American companies facing intense public pressure to take a political stand.
“Unfortunately, when you’re dealing with international franchise expansion, circumstances change. It’s more unpredictable than the domestic market,” said Greenfield. “As there are regime changes and different policies and administrations, even in the U.S.
- Government, a franchisor will have to be nimble.” With outrage growing over the violent invasion of Ukraine, U.S.
- Brands of all types have faced public pressure to stop economic activity in Russia.
- For companies like McDonald’s, which owned and operated most of its 850 restaurants in Russia, the was under company control.
Starbucks, which has 130 licensed locations in Russia, also said Tuesday it has suspended all business activity in the region, including shipment of products. The licensing partner agreed to immediately pause store operations in Russia. Other franchisors are doing what they can within the limitations of franchise agreements.
Subway, for example, has about 450 restaurants in Russia that are independently owned and operated by local franchisees and managed by a master franchisee, a company spokesperson said Wednesday. Profits from those stores will be diverted to humanitarian efforts, she said, but she did not mention any efforts to cease operations.
“We are committed to supporting those impacted by the tragic events in the region,” the Subway spokesperson said. “In addition to working with our franchisees across Europe to provide meals to refugees, we will redirect any profits from operations in Russia to humanitarian efforts supporting Ukrainians who have been affected by the war.” Domino’s has 189 units in Russia (40% of which are sub-franchised) that are independently owned franchise stores under contract with a publicly traded master franchisee based in Turkey, with stores in multiple markets.
Ritch Allison, Domino’s CEO, said in a statement that the franchisor cannot legally suspend the operations of the business in Russia, which sources its ingredients from independent suppliers. But all royalties from Russia operations will be redirected to humanitarian efforts “for the foreseeable future.” In addition, the Domino’s Partners Foundation will donate $1 million to employees of Domino’s 63 franchise units in Ukraine.
Domino’s master franchisees in Germany, Poland, Romania and Slovakia have also offered support — from food to housing and employment — to refugees in those markets, Allison said. Both Restaurant Brands International, whose franchise system includes about 800 Burger King locations in Russia, and Yum Brands Inc., which franchises or licenses about 1,000 KFC restaurants and 50 Pizza Hut locations there, are also redirecting profits to humanitarian efforts and taking steps to feed the millions of Ukrainian refugees that have fled to other parts of Europe to escape the violence.
- Other franchisors with Russian locations declined to comment or did not immediately respond to requests, including Focus Brands — which has Cinnabon and Auntie Anne’s units in Russia — Carl’s Jr.
- And Hardee’s parent CKE Restaurants Holdings Inc., and TGI Friday’s.
- CKE, for example, in August announced to expand Carl’s Jr.
in Russia, with plans to develop 300 plus restaurants there. Wall Street analysts say the financial exposure is moderate for the public restaurant chains with Russian units. In a filing with the Securities and Exchange Commission, for example, Papa Johns said it may take one-time, non-cash hit of up to $15.2 million related mostly to a loan associated with the master franchisee, but 2021 royalties from the Russia operation represented less than 1% of total revenue and about 1% of operating income.
Greenfield notes that most companies so far are taking temporary action. The sanctions against Russia target individuals and government figures, so there are no restrictions preventing franchisees of U.S.-based brands from operating, but the risk is more about the public pressure faced by American brands.
Some franchisors may even want to see their brands shut down in Russia, but it’s just not that simple. For franchisors working directly with single- or multi-unit franchise operators in Russia, agreements will likely include provisions that would give the brand an exit ramp, such as a force majeure or the inability of the franchisee to make payment.
- Those could allow a franchisor to terminate a franchise agreement, he said.
- Franchisors have the least control when using a master franchisee structure.
- In a way, the master franchisee becomes the franchisor in the region and it’s extremely difficult to enforce a debranding to force the restaurants to stop operating, Greenfield said.
But in the current situation, companies are not rushing to terminate their agreements, they’re suspending them, he said. “Why? Because in a situation like this, the franchisor has more brand protection by maintaining an agreement in place that addresses use of trademarks,” Greenfield said.
- So unless there is another reason why the franchisor may want to terminate the relationship, he continued, “they are probably just not enforcing their agreement and leaving it in place until they see what happens.”
- In a way, the master franchisee structure allows franchisors to distance themselves more quickly from a potentially brand-damaging situation and they avoid the pain of having to shut down restaurants if they operate company units, he said.
- What’s not clear is how long the conflict in Ukraine will last and how the geopolitical landscape will ultimately shift.
Greenfield compared the situation in Russia to that of Venezuela, which has been under U.S. sanctions since 2019. Many U.S.-based restaurants still operate there, but they don’t collect royalties, he said. For restaurant franchisors across Eastern Europe, the more immediate challenge from the Russia invasion of Ukraine is supply disruption, which is impacting restaurants in Uzbekistan, Pakistan, Georgia and other nearby countries that likely rely on suppliers and distribution centers in Russia, Greenfield said.
- UPDATE: This article has been updated with new information from Domino’s.
- Contact Lisa Jennings at
- Follow her on Twitter: @livetodineout
: Papa Johns, Subway, Domino’s take stand on Ukraine invasion
Pogledajte cijeli odgovor
Who is Domino’s pizza biggest competitor?
Domino’s Pizza’s competitors and similar companies include Pizza Hut, Little Caesars, Yum! Brands, McDonald’s, Starbucks and Subway. Domino’s Pizza is a pizza delivery company.
Pogledajte cijeli odgovor
What is the number 1 pizza company in the world?
Restaurant Name | #Units | |
---|---|---|
1 | Domino’s ~~ | 15,914 |
2 | Pizza Hut~` | 18,431 |
3 | Little Caesars Pizza* | 5,465 |
4 | Papa John’s International* | 5,345 |
Which is bigger Papa Johns or Dominos?
The wings category was the closest race out of all four courses. Domino’s and Papa John’s wings were neck-and-neck – Foto: Domino’s wings.sourceKatie Canales/Business Insider
Pogledajte cijeli odgovor
Is Dominos giving away 50 million?
” data-duration=”01:12″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”,”small”: }” data-vr-video=”” data-show-name=”” data-show-url=”” data-check-event-based-preview=”” data-network-id=”” data-details=””> Watch this robot deliver a Domino’s pizza 01:12 – Source: CNN Food and Drink 16 videos ” data-duration=”01:12″ data-source-html=” – Source: CNN ” data-fave-thumbnails=”,”small”: }” data-vr-video=”” data-show-name=”” data-show-url=”” data-check-event-based-preview=”” data-network-id=”” data-details=””>
Watch this robot deliver a Domino’s pizza 01:12 Now playing – Source: CNN
- Domino’s called competitors’ extra fees a “disappointing surprise.” “Other food delivery apps charge customers with hidden city or service fees,” Domino’s said on its website.
- Not Domino’s.
- We charge customers one straightforward delivery fee because we believe that level of transparency is what customers want and deserve.” Lucky Domino’s customers who order on the company’s website now through November 21 could get an added menu item at no additional cost, including pizza, cheesy bread or chocolate lava cakes.
Domino’s said the free food will be added to one in every 14 orders, giving customers a little more than a 7% chance of winning each time they order. Winners will see the additional menu item on their order confirmation page. UberEats, DoorDash and other food delivery apps have angered some customers for adding fees in some US cities just before checkout.
- The added charges are the result of local governments pausing caps that limit how much third-party delivery platforms can charge restaurants in an effort to help struggling businesses.
- DoorDash has added a roughly $1 to $2 delivery charge in several US cities, including Chicago, Cleveland and Denver.
UberEats has charged a similar customer fee in Portland, Chicago, Minneapolis and Boston. In the United States, Domino’s has long resisted offering deliveries through third-party apps. In a February earnings call, Domino’s CEO Richard Allison said the company “struggled a little bit understanding the long-term economics in some of the aggregator businesses,” and that it “doesn’t make sense economically” for franchisees to use the apps.
In 60 years, we’ve never made a dollar delivering a pizza. We make money on the product, but we don’t make money on the delivery,” Allison said on the call. “So, we’re just not sure how others do it.” The free food offer may also offset some concerns from Domino’s customers who are now waiting longer for their deliveries.
Allison recently said that delivery times have “slipped a minute or two” because of staffing challenges. To help address the issue, Domino’s is raising wages, a tactic that has helped some restaurant chains attract employees. –CNN Business’ Danielle Wiener-Bronner contributed to this report.
Pogledajte cijeli odgovor
Who owns the most domino franchises?
Mueller is Chief Excellence Officer for RPM Pizza, LLC. His family-run business, RPM Pizza, LLC, celebrated 36 years in the industry this year and is the largest Domino’s franchisee in the United States.
Pogledajte cijeli odgovor
Why did dominos stop 30 minutes?
Starting in 1973, Domino’s started the “30 minutes or it’s free” campaign, guaranteeing that customers would receive their pizza within 30 minutes of placing an order, or they would receive the pizza for free. But in 1993, after the company was faced with two lawsuits from people who were killed or injured by delivery drivers rushing to get pizzas delivered within the 30 minute timeframe, the company dropped the guarantee in the U.S.
- Yet, the 30 minute guarantee is still going strong in South Korea, where in December 2010, a 24 year old College student and part-time delivery boy died after colliding head-on with a taxi while he was delivering an order.
- This young man was one of almost 1,500 accidents that occured last year alone involving bike-riding delivery men.
Tell Domino’s that its “30 minute or it’s free” guarantee in South Korea is outdated and dangerous, and it needs to end. Photo Credit: Chuck “Caveman” Coker
Pogledajte cijeli odgovor
What is the biggest dominos in the world?
In August, 2009, Stefan Schöppers and his team succeeded in breaking the world record for t he largest domino toppled in a chain that begins with a “regular”-size domino. Their largest domino, shown in the video above, is 6.40 m (20 ft 11 in) in height. So how does this all work? Learn more about the science behind the spectacle in this domino chain reaction video by Professor Stephen Morris, and enjoy more videos with dominoes, This Webby award-winning video collection exists to help teachers, librarians, and families spark kid wonder and curiosity.
Pogledajte cijeli odgovor
What is the biggest dominos in the world?
In August, 2009, Stefan Schöppers and his team succeeded in breaking the world record for t he largest domino toppled in a chain that begins with a “regular”-size domino. Their largest domino, shown in the video above, is 6.40 m (20 ft 11 in) in height. So how does this all work? Learn more about the science behind the spectacle in this domino chain reaction video by Professor Stephen Morris, and enjoy more videos with dominoes, This Webby award-winning video collection exists to help teachers, librarians, and families spark kid wonder and curiosity.
Pogledajte cijeli odgovor
Is Domino’s pizza still in Russia?
Papa Johns, Subway, Domino’s take stand on Ukraine invasion Papa Johns International Inc., Subway and Domino’s on Wednesday joined the growing number of U.S.-based restaurant chains to take action in Russia, but the move illustrates the challenges of franchising overseas at times when shifting global tensions ignite public outrage.
- Because of that relationship, however, the Papa Johns units in Russia are likely still open and there’s very little the franchisor can do about it.
- The situation illustrates the ever-present challenge of international franchising, which faces the risk of shifts in global relations that can upend business agreements, said Alan Greenfield, an attorney with Greenberg Traurig LLP in Chicago, who specializes in international franchising.
- But it also shows how the different models for international franchising can prove both an obstacle — and a buffer — for American companies facing intense public pressure to take a political stand.
“Unfortunately, when you’re dealing with international franchise expansion, circumstances change. It’s more unpredictable than the domestic market,” said Greenfield. “As there are regime changes and different policies and administrations, even in the U.S.
Government, a franchisor will have to be nimble.” With outrage growing over the violent invasion of Ukraine, U.S. brands of all types have faced public pressure to stop economic activity in Russia. For companies like McDonald’s, which owned and operated most of its 850 restaurants in Russia, the was under company control.
Starbucks, which has 130 licensed locations in Russia, also said Tuesday it has suspended all business activity in the region, including shipment of products. The licensing partner agreed to immediately pause store operations in Russia. Other franchisors are doing what they can within the limitations of franchise agreements.
- Subway, for example, has about 450 restaurants in Russia that are independently owned and operated by local franchisees and managed by a master franchisee, a company spokesperson said Wednesday.
- Profits from those stores will be diverted to humanitarian efforts, she said, but she did not mention any efforts to cease operations.
“We are committed to supporting those impacted by the tragic events in the region,” the Subway spokesperson said. “In addition to working with our franchisees across Europe to provide meals to refugees, we will redirect any profits from operations in Russia to humanitarian efforts supporting Ukrainians who have been affected by the war.” Domino’s has 189 units in Russia (40% of which are sub-franchised) that are independently owned franchise stores under contract with a publicly traded master franchisee based in Turkey, with stores in multiple markets.
- Ritch Allison, Domino’s CEO, said in a statement that the franchisor cannot legally suspend the operations of the business in Russia, which sources its ingredients from independent suppliers.
- But all royalties from Russia operations will be redirected to humanitarian efforts “for the foreseeable future.” In addition, the Domino’s Partners Foundation will donate $1 million to employees of Domino’s 63 franchise units in Ukraine.
Domino’s master franchisees in Germany, Poland, Romania and Slovakia have also offered support — from food to housing and employment — to refugees in those markets, Allison said. Both Restaurant Brands International, whose franchise system includes about 800 Burger King locations in Russia, and Yum Brands Inc., which franchises or licenses about 1,000 KFC restaurants and 50 Pizza Hut locations there, are also redirecting profits to humanitarian efforts and taking steps to feed the millions of Ukrainian refugees that have fled to other parts of Europe to escape the violence.
Other franchisors with Russian locations declined to comment or did not immediately respond to requests, including Focus Brands — which has Cinnabon and Auntie Anne’s units in Russia — Carl’s Jr. and Hardee’s parent CKE Restaurants Holdings Inc., and TGI Friday’s. CKE, for example, in August announced to expand Carl’s Jr.
in Russia, with plans to develop 300 plus restaurants there. Wall Street analysts say the financial exposure is moderate for the public restaurant chains with Russian units. In a filing with the Securities and Exchange Commission, for example, Papa Johns said it may take one-time, non-cash hit of up to $15.2 million related mostly to a loan associated with the master franchisee, but 2021 royalties from the Russia operation represented less than 1% of total revenue and about 1% of operating income.
Greenfield notes that most companies so far are taking temporary action. The sanctions against Russia target individuals and government figures, so there are no restrictions preventing franchisees of U.S.-based brands from operating, but the risk is more about the public pressure faced by American brands.
Some franchisors may even want to see their brands shut down in Russia, but it’s just not that simple. For franchisors working directly with single- or multi-unit franchise operators in Russia, agreements will likely include provisions that would give the brand an exit ramp, such as a force majeure or the inability of the franchisee to make payment.
Those could allow a franchisor to terminate a franchise agreement, he said. Franchisors have the least control when using a master franchisee structure. In a way, the master franchisee becomes the franchisor in the region and it’s extremely difficult to enforce a debranding to force the restaurants to stop operating, Greenfield said.
But in the current situation, companies are not rushing to terminate their agreements, they’re suspending them, he said. “Why? Because in a situation like this, the franchisor has more brand protection by maintaining an agreement in place that addresses use of trademarks,” Greenfield said.
- So unless there is another reason why the franchisor may want to terminate the relationship, he continued, “they are probably just not enforcing their agreement and leaving it in place until they see what happens.”
- In a way, the master franchisee structure allows franchisors to distance themselves more quickly from a potentially brand-damaging situation and they avoid the pain of having to shut down restaurants if they operate company units, he said.
- What’s not clear is how long the conflict in Ukraine will last and how the geopolitical landscape will ultimately shift.
Greenfield compared the situation in Russia to that of Venezuela, which has been under U.S. sanctions since 2019. Many U.S.-based restaurants still operate there, but they don’t collect royalties, he said. For restaurant franchisors across Eastern Europe, the more immediate challenge from the Russia invasion of Ukraine is supply disruption, which is impacting restaurants in Uzbekistan, Pakistan, Georgia and other nearby countries that likely rely on suppliers and distribution centers in Russia, Greenfield said.
- UPDATE: This article has been updated with new information from Domino’s.
- Contact Lisa Jennings at
- Follow her on Twitter: @livetodineout
: Papa Johns, Subway, Domino’s take stand on Ukraine invasion
Pogledajte cijeli odgovor
Who is the largest Dominos franchisee?
How the Largest Domino’s Franchisee Cut Energy Costs by 10 Percent RPM Pizza, the largest Domino’s franchisee, has 176 stores across five states, making facilities management one of its biggest ongoing challenges. With most of its stores concentrated in Mississippi and Louisiana, the franchisee has always seen energy costs skyrocket during the long, hot summer months.
“In the south, it’s very hot, and our A/C units can get stressed,” says Alan Lovelace, vice president of development, technology, and strategy with RPM Pizza. “Additionally, typically we have three ovens in a store, along with heat racks, and exhausts. Those are our critical pieces of equipment.” A couple of years ago, RPM Pizza caught a hot tip from a fellow Domino’s franchisee group, that energy costs could be cut with a simple solution: Tune ® Filters.
The first of its kind, Tune is an electrical filter that reduces harmonic noise within an electrical board to help save on energy usage and costs. Lovelace admits that he was initially skeptical. It sounded too good to be true. He even called it “fishy” sounding.
- Frankly, it didn’t cost as much as other energy-saving items, which made it seem even more fishy,” Lovelace says.
- Ultimately, RPM Pizza ran tests at five stores and some of its employees’ homes and found that Tune Filters saved 10 percent in energy costs over the course of 14 months.
- Emboldened by these results, RPM Pizza rolled out the solution across all 176 of its stores.
“Typically, we like to see an ROI of 1.5 years when we roll out or test something,” Lovelace says. “For example, when we did an outdoor LED lighting test, we found that our ROI was 1.7 years. With Tune, it was less than a year. It’s been a no brainer.” On top of that, Lovelace considers Tune to be “one of the easiest rollouts” his company has ever implemented.
- Tune was able to work around the schedule of RPM Pizza’s stores in order to avoid closures.
- The rollout really was smooth,” says Nate Lee, facilities manager at RPM Pizza.
- The quality of the product was there, too—Since (we implemented Tune) we haven’t had to replace any of them.” RPM Pizza isn’t the only franchisee group that has seen these results.
Tune has also helped cut energy costs for franchisee groups that own restaurants with quick-service brands like Wendy’s, McDonald’s, KFC, Popeye’s, and Krystal. Franchisee groups and their facility managers love Tune not just because it saves on energy costs, but also because the filters have been shown to reduce maintenance costs as equipment lasts longer when it’s being more properly managed.
Tune was designed to be maintenance-free, require no ongoing costs, and deliver a low-cost, energy-saving product that is easy to install,” says Jim Owings, chief product officer at Tune Filters. “Even in a worst-case scenario, if it fails, operations in a quick-service restaurant wouldn’t be disrupted.” Tune also happens to be one of a kind, holding patents for its proprietary technology.
So, if franchisees like RPM Pizza are looking to add electrical filters into the mix in order to lower energy costs and protect their equipment, they’ll have to contact Tune. “Tune is unique,” says Abi Tuiasosopo, director of sales and area business development with Tune.
Pogledajte cijeli odgovor
What city has the most Dominos?
Top 10 cities with the most number of Domino’s locations in United States
City Name | City State | City Total Locations |
---|---|---|
Houston | PENNSYLVANIA | 57 |
San Antonio | TEXAS | 36 |
Los Angeles | CALIFORNIA | 32 |
Austin | MINNESOTA | 32 |