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.


Domino’s promotes a pair of executives

Joe Jordan was named president, U.S., and global services and Art D’Elia will be EVP, international following the promotion of Russell Weiner to CEO.

The Bottom Line: With sales slowing and drivers hard to find, the pizza delivery chain is turning to a pair of executives in Russell Weiner and David Brandon who played key roles in its historic turnaround.

Reality Check: The public had issues with the pizza. But the withering criticism was aimed at an incoming exec who's now been named executive chairman.

The pizza chain offered a bleak assessment of its labor issues so far this year. It is also raising the price of its “Mix and Match” offer to $6.99 for delivery customers.

Russell Weiner will take over as chief executive on May 1. Former CEO David Brandon was named executive chairman. Sandeep Reddy was named CFO.

The Bottom Line: The company is trying to get back a business that has yet to recover from the pandemic. But there are labor benefits, too.

Chipotle, which once flirted with $2,000 a share, along with Domino’s have lost more than 20% of their value thus far in 2022.

The Bottom Line: In the 1990s, Burger King tested a Domino’s-branded personal pizza that proved remarkably successful, until the suits got in the way.

CEO Ritch Allison said that the company will make changes to its national value offers, starting by making its $7.99 carryout deal online only, as supply chain and labor costs hit hard.

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