Domino's says rapid store expansion means more money for its delivery drivers [CNBC]
Papa John's International, Inc. (PZZA)
Last papa john's international, inc. earnings: 2/26 07:00 am
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Source: CNBC
The labor market may be tight, but that's not stopping delivery drivers from joining up with Domino's . Domino's has become the dominant player in the pizza industry thanks to its technological prowess, a popular loyalty program and improvements to its pizzas. Its strong sales growth has allowed it to quickly expand. More stores mean more money for those that courier its pies, CEO Ritch Allison said during an earnings conference call Tuesday. You know I think labor is tight in any business in the U.S. today, and we're certainly no exception to that, Allison said. The fact that our drivers are so busy, it helps us. When we take a look at what the driver can make at Domino's Pizza relative to delivering or driving for some other businesses, it's very, very attractive. In the third quarter, Domino's opened 232 net new stores. The idea is to add more Domino's stores so that drivers have less territory they need to cover. Their runs become shorter, allowing them to make
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News
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PZZA
Earnings
- 2/29/24 - Beat
PZZA
Sec Filings
- 3/29/24 - Form PX14A6G
- 3/29/24 - Form ARS
- 3/29/24 - Form DEF
- PZZA's page on the SEC website