Domino’s serves up more slices than any other pizza company
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Hey there, time traveller!
This article was published 26/02/2018 (2816 days ago), so information in it may no longer be current.
Domino’s Pizza claimed the title of largest pizza company in the world last week, passing Pizza Hut. The company, in its fourth-quarter earnings report, said its self-proclaimed No. 1 ranking is based on global retail sales.
Ann Arbor, Mich.-based Domino’s edged out Pizza Hut of Plano, Texas, which had been the largest pizza chain, with US$12.2 billion in sales for 2017. Pizza Hut had sales of US$12.03 billion.
In the past few years, Domino’s has touted digital innovation, such as apps to track orders and testing driverless pizza delivery. Pizza Hut, analysts said, has been losing younger customers.
Domino’s reported the company saw a US$277.9 million profit for its 2017 fiscal year. In fiscal 2017, the company said it opened 1,045 stores, of which 216 were in the U.S. and 829 were international.
Domino’s started small in 1960 with one store in Ypsilanti, Mich. Back then, it was called DomiNick’s. Brothers Tom and James Monaghan bought it for US$500 and renamed it. There are now more than 14,400 Domino’s stores globally.
J. Patrick Doyle, who has led Domino’s as president and CEO for eight years, will be stepping down in June.
He will be replaced by Richard Allison, president of Domino’s International. He said then, he wanted Domino’s to be the top pizza company in the world.
— Detroit Free Press