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The Bottom Line: Major pizza chains, notably Domino’s, have lost some valuable customers to companies like DoorDash.
Blaze Pizza is preparing for a brand relaunch, but the concept must first solve some fundamental problems laid bare by the pandemic. CEO Beto Guajardo outlines his strategy for profitability.
The pizza chain, which outperformed its largest competitors last quarter, now gets 15% of its sales from companies like DoorDash and Uber Eats.
The chain is giving $1 million worth of free pizzas to people who have to start paying student loans again.
The pizza chain appointed former executives from Dollar General and Home Depot as directors to support its long-term growth plan.
The $7 Deal Lovers Menu largely matches rivals Domino’s and Papa Johns and comes as more brands push value offers.
The pizza chain said that thousands of locations are now open until midnight or later as the brand eyes night owls.
The pizza chain is seeing some strong results with its Pepperoni Stuffed Cheesy Bread, its second new product introduction this year. Expect more from the chain.
The pizza chain, which saw another decline in same-store sales, expects sales to improve later this year and into 2024. But profitability is already better.
Domino’s is giving away a free “emergency pizza” to customers who order online through February, the latest indication of just how much value loyalty programs hold.