Last week, Domino’s Pizza reported $129.3 million in profits in 2019’s fourth quarter on revenue of $1.15 billion. Sales were up 3.4 percent during the period, topping expectations of 2.3 percent.
The chain’s share price rose 26 percent after the figures were released.
Domino’s is one of the few fast-food chains to refuse to work with delivery services such as Grubhub and DoorDash. Said CEO Ritch Allison, “Delivery services charge too much and break the direct relationship between Domino’s and its customers.”
Instead, Domino’s is investing in technology to speed deliveries and is opening more stores to cut delivery times.
The pizza chain also reported that carryout orders now make up about half its sales, compared to a third eight years ago.
TRENDPOST: While the mainstream media continue to promote the hype of how Americans are concerned about what they eat and are going all natural and organic, as we have documented with hard numbers and indisputable facts, the vast majority are devouring lower quality foods and gaining more weight.