Pizza

Financing

Pizza Hut, facing sales challenges, turns to third-party delivery for help

The pizza chain’s sales fell, much like Domino’s, because of the driver shortage. But the company says operators that have used aggregators are seeing sales benefits.

Financing

As sales fall, Domino’s appears open to third-party delivery

The pizza delivery giant is taking a long look at its driver shortage after sales weakened last quarter and says that all options are on the table.

The ghost kitchen operator is pursuing a bigger stake in the pizza concept. The pair have plans to open 500 units together.

The pizza chain’s same-store sales declined 3.6% in the U.S. in the first quarter while earnings declined amid a number of challenges that executives warned could persist into the future.

The former finance executive will lead the brand under the Canadian brand operator MTY Food Group.

The pizza and chicken buffet concept has recovered from the pandemic, but not just because it focused more on takeout and installed drive-thru windows. Some credit goes to video games.

The former NBA star-turned-pitchman helped the pizza chain turn around when he became spokesman and director three years ago. He’s being rewarded with a deal worth at least $11 million in cash and stock.

The fast-casual pizza chain’s day-to-day operations will now be run by &pizza’s COO and CBO, CEO Michael Lastoria said.

The Bottom Line: The pizza delivery chain bested its primary rivals because of its embrace of third-party delivery, its focus on premiumization, and Shaq.

The refranchising deal follows a 100-unit development agreement the large Texas-based operator signed with the pizza chain last year.

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