Tag Archives: Dominos

Domino’s Pizza (DPZ) just saw sales fall after 41 straight quarters of U.S. same-store sales increases, ending one of the most impressive runs in the fast food industry. That streak ground to a halt largely because of the worker shortage pounding low wage sectors such as retail, restaurants, and hospitality. Domino’s U.S. same-store sales fell 1.9%, a sharp reversal from a 17.5% increase the same quarter last year, the company said Thursday. Same-store sales at company-operated and… Source link

Bloomberg Tencent Joins Alibaba in Spending Spree as Competition Grows (Bloomberg) — Tencent Holdings Ltd. pledged to sharply increase investments this year after posting a 25% gain in quarterly revenue, joining its biggest rivals in a spending binge that will jack up competition in China’s post-pandemic internet arena.China’s largest tech corporations are vying to entice users in the fast-growing arenas of online commerce and video. Tencent plans to plow a larger portion of its… Source link

If you order a pizza from Domino’s in Houston, a robot might drop off your dinner. The company will this week start making autonomous deliveries with the help of Nuro’s R2 robot, almost two years after it announced the project. Domino’s says R2 is the first fully self-driving, on-road delivery vehicle to receive regulatory approval from the Department of Transportation. On certain days and times, folks who order from a Domino’s location in Woodland Heights can choose to have R2 deliver… Source link

The fast food industry’s pivot to digital and take-out has come with material benefits — but it’s come at a cost to foot traffic, according to recent data. In-person visits at fast food chains nationwide are still dramatically lower than before the onset of COVID-19, according to Gravy Analytics, a location intelligence platform. Those findings dovetail with similar data showing the pandemic — which sparked widespread lockdowns that forced many food and beverage establishments to… Source link