This will represent a 3.6% annual growth. 6), restaurant industry sales in the US are expected to attain the $604 billion mark. External Analysis of the Company Positive market outlookĬonsumer demands are also expected to increase with the overall global economy improving following poor performance in the recent past. Consumers’ spending power was reduced significantly as many people considered spending their little disposable income on basic necessities only (Gluyas, 2013, para 2). The major competitive challenge has been maintaining lower operational costs in order to sustain higher profitability amidst the poor global economic situation. The rival firms have equally expanded their franchise networks and spread throughout the global market. Other established industry players include McDonald’s Corporation and Papa John’s International.
Domino’s is ranked second in the global market behind another American brand, Pizza Hut that is owned by YUM! Brands. It is considered to be the leading global fast-food chain of restaurants with corporate, as well as franchised stores that exceed the 10,000 marks (Domino’s, 2013, para 1).ĭomino’s competes with other numerous fast food chains in the market that include both international and local market players. It employs a workforce of more than 145,000. The chain presently has a presence in close to 70 countries across the world. The first international store opened up in early 1983 in Canada’s Winnipeg area in the Manitoba province. 13, Weiner said staffing remains a constraint, "but my confidence in our ability to solve many of our delivery labor challenges ourselves has grown over the past few quarters.The firm’s first franchise store opened in 1967 in Ypsilanti. On the company's third quarter earnings call with analysts on Oct. Weiner said that the company's hiring metrics including applications and new hires per week are back to pre-Covid numbers, but he added, "there's still gaps to fill, and that's part of why we're doing things like this to bring the inflow and give a few more options."
PWR DOMINOS PIZZA DRIVER
While some of the company's stores require delivery driver applicants to use their own vehicle, some do provide a car. There are many people who work in Domino's stores or potential workers who have driver's licenses, and Weiner said, "all they need is a car… it's a great way for us to bring in incremental labor at a time when that market is tight." "If you think about today, what we do is hire folks with cars, but that's getting really competitive with what's going on." "It just allows us to tap into a different driver pool," Weiner said. Rolling out the new fleet of GM EVs also is expected to help the company with its driver recruitment efforts. In 2014, the company introduced the DXP delivery vehicle, a custom-build Chevrolet Spark that featured a built-in warming oven and special compartments to hold items like sodas. The adoption of this fleet of EVs is not the first time Domino's has looked to optimize how pizza is delivered. 11, with 402 of those being corporate locations. Domino's had 6,643 stores across the U.S. in November, with the additional 700 arriving over the coming months. The new vehicles, which have a 259-mile range, will be custom-branded with Domino's logos.Īn initial 100 vehicles have been arriving at select franchise and corporate stores across the U.S. The Chevy Bolt EV will provide the company with zero tailpipe emissions and lower average maintenance costs than nonelectric vehicles, as well as a reduction in fueling costs, according to Domino's. "This is a way we can get better better service for our customers and better for the environment." "Domino's was founded in 1960 as a delivery company, and we go to bed every night and wake up every morning saying 'how can we get better?'" Weiner told CNBC's Jim Cramer on "Mad Money" last week. Personal Loans for 670 Credit Score or Lower Personal Loans for 580 Credit Score or Lower Best Debt Consolidation Loans for Bad Credit
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