Pizza

Financing

U.S. pizza chains hit a post-pandemic wall

The Bottom Line: Growth that came so easy to pizza delivery chains like Domino’s, Pizza Hut and Papa Johns is now much harder to come by. And now two of them are looking for new leadership.

Leadership

David Graves is out as president of Pizza Hut U.S.

Aaron Powell, the pizza chain’s global CEO, will take over management of the restaurant brand domestically while a replacement is found.

The fast-casual burger chain is plucking the Papa Johns chief executive to take over for Randy Garutti in May. Ravi Thanawala will become the pizza chain’s interim CEO.

The state has the lowest penetration of pizza places and the highest prices. And the state with the highest-rated local pizzas? Try New Hampshire.

The Washington, D.C.-based chain has a (sort of) new CEO who has made lots of changes. His message to workers: Uncover those neck tattoos and crank up the music. You can be you.

The chain partnered with Yeastie Boys food trucks to launch the Big New Yorker Pizza Bagel.

The company is shifting spending from local marketing to national marketing and has plans for “major food innovation” come April.

The Bottom Line: The pizza delivery chain’s business with companies like Uber Eats and DoorDash is thriving while its own delivery is slowing. But this isn’t the beginning of the end of self-delivery, CEO Rob Lynch says.

The former NBA player turned pitchman will not run for re-election on the board due to business commitments. But he will maintain a relationship with the pizza chain.

The pizza chain's transactions increased late last year, largely due to the unique buy-one, get-one-free promotion and growth in its reconfigured Domino's Rewards loyalty program.

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