|Bid||209.60 x 2800|
|Ask||210.40 x 2800|
|Day's Range||205.55 - 209.55|
|52 Week Range||204.24 - 261.05|
|Beta (3Y Monthly)||-0.07|
|PE Ratio (TTM)||23.35|
|Forward Dividend & Yield||2.31 (1.09%)|
|1y Target Est||N/A|
A new deal between meal delivery service, Doordash, and fast-food chain McDonald's is delivering a blow to competitors like Uber Eats. Yahoo Finance's Myles Udland, Brian Cheung, and Editor-at-Large Brian Sozzi, discuss the latest.
Robotic delivery service Starship Technologies announced it has closed $40 million in Series A funding. The company, which recently passed the 100,000 commercial delivery mark, also announced that it plans to expand its service to 100 university campuses over the next two years. Starship makes small autonomous robots that pick up and deliver food on-demand on college campuses.
Domino's Pizza Inc. said Tuesday that it is launching an e-bike program through Rad Power Bikes that will give locations the option to use customized e-bikes for pizza delivery. Domino's conducted a test at corporate-owned stores in Houston, Miami and New York earlier this year, which not only yielded positive service results, but also has labor benefits, expanding the pool of potential workers to people who don't have a car or driver's license, said Tom Curtis, Domino's executive vice president of corporate operations, in a statement. The bikes have been tailored to hold up to 12 large pizzas and can reach a top speed of 20 mils per hour. Domino's stock has slipped 2.4% for the year to date while the S&P 500 index is up nearly 17% for the period.
Domino's Pizza is looking to reduce the time its hot pies sit in traffic by expanding electric bike deliveries across certain U.S. markets. Domino's, which has described itself as a technology company that sells pizza, said on Tuesday it will use hundreds of e-bikes to deliver its food across corporate-owned stores in Miami, Salt Lake City, Baltimore and Houston later this year. The world's largest pizza company, based on sales, tested e-bikes in New York, Houston and Miami earlier this year, "and those stores saw improvements in overall delivery and service," according to Tom Curtis, Domino's executive vice president of corporate operations.
Deal or no deal, if Britons can be certain of anything after the U.K.'s Oct. 31 Brexit deadline, it is that they will still be able to get their Domino's pizza.
(Bloomberg) -- News that Domino’s Pizza Group Plc Chief Executive Officer David Wild is stepping down ends the least rewarding chapter in the company’s 20-year history as a public company.The stock has returned about 9% a year since Wild took the helm in April 2014, the lowest total annualized returns when compared with Domino’s past three CEOs, according to data compiled by Bloomberg.Wild’s tenure has been marked by challenges in Domino’s international business as well as a dispute between the company and U.K. franchisees, which have reportedly said rising food and business costs aren’t being shared equitably. Domino’s is still in active talks with its franchisees and a resolution will take some time, the outgoing CEO said Tuesday.“A management transition may allow new perspectives on franchisee negotiations and might lead to a change of approach internationally,” Numis analyst Richard Stuber wrote in a note. He has a buy rating on the stock.Domino’s shares rose as much as 8.6% in London on the announcement and as the company reported accelerating U.K. sales growth, pushing them slightly into positive territory for the year. The reaction may be “a bit harsh, but investors seem to like the news,” Neil Wilson, chief market analyst for Markets.com, wrote in an email.To contact the reporter on this story: Lisa Pham in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Beth Mellor at email@example.com, Paul JarvisFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Domino's Pizza, Britain's biggest pizza delivery chain, reported a 7.4% drop in half-year profit, hit by losses in its international business, and said Chief Executive Officer David Wild was retiring after leading the company for five years. The company did not name a replacement for Wild, although Sky News had reported in late June that Domino's was looking to tap Andrew Rennie, the head of the European business at Domino's Pizza Enterprises, for the role. Domino's international business has been a sore spot this year as it struggles to control costs.
(Bloomberg) -- Want the lowdown on European markets? In your inbox before the open, every day. Sign up here.A Domino’s pizza is pretty much the same in any of the 85-plus countries in which they’re sold. The same can’t be said of the shares in the publicly traded companies behind the brand.One of them, London-listed Domino’s Pizza Group Plc, stands out: The company, which reports earnings Tuesday, trades at a big discount to peers in the U.S. and Australia. While some of that is because of Brexit hurting consumer sentiment, Domino’s also is in a dispute with franchisees that hasn’t helped matters. To start closing the gap, it needs to show it’s mending that relationship, some analysts say.Shares in the U.K. company trade at about 14.3 times analysts’ forecast profit for the next 12 months, compared to 23.7 times for Domino’s Pizza Inc. in the U.S. and 19.7 times for Australian counterpart Domino’s Pizza Enterprises Ltd. The London stock has lost more than a third of its value since reaching a record high in July 2016, underperforming the others since the start of last year.“An update on the dispute with franchisees is required,” Wayne Brown, a Liberum analyst who recommends selling the stock, wrote in a report last week. “The longer this relationship deteriorates with no resolution in sight could bring the shares as well as the Domino’s brand into further doubt.”Looking ahead, analysts are also more bleak about the U.K. company than the other two. Their consensus recommendation -- a proxy for the ratio of buy, hold, and sell ratings, with 1 being all sells and 5 being all buys -- is 2.92, according to data compiled by Bloomberg.Some franchisees say rising food and business costs aren’t being shared equitably by the company, the Sunday Times reported in July 2018. They wrote to the Domino’s board threatening to “declare war” if they weren’t given a bigger share of company profits, the newspaper said in a follow-up article in December.The British pizza delivery firm declined to comment when contacted by Bloomberg News. The company said in May it was still in dialogue with its U.K. franchisees, exploring “win-win solutions” to drive growth and new store openings. Domino’s this year predicted that the number of store openings for 2019 would probably be lower than 2018 because of the continuing talks with franchisees. The company holds the master franchise for the brand in the U.K. & Ireland.Not everyone is staying pessimistic on London-listed Domino’s. Short sellers have reduced their bets on a stock decline, with short interest dropping to 8.1% of shares outstanding as of Aug. 1 from a 12-month high of about 11% on May 14, according to data compiled by IHS Markit Ltd.Whether Domino’s in the U.K. can keep bearish speculators at bay will depend on whether it can reach a resolution with the franchisees. Cash flow should have improved as the company reduced its capital spending and bought back less stock, Peel Hunt analysts Douglas Jack and Ivor Jones wrote in a note Tuesday.“If this trend continues, it should leave more firepower to buy out exiting franchisees with a view to selling the stores on to smaller existing franchisees or even new franchisees,” they wrote.\--With assistance from James Cone.To contact the reporter on this story: Lisa Pham in London at firstname.lastname@example.orgTo contact the editors responsible for this story: Beth Mellor at email@example.com, Phil Serafino, Namitha JagadeeshFor more articles like this, please visit us at bloomberg.com©2019 Bloomberg L.P.
Domino's Pizza, Inc. (NYSE: DPZ) reported disappointing second-quarter metrics, including a miss on same-store sales. Delivery apps like UberEats are "creating some turbulence" in the food delivery market place, Domino's Pizza CEO Ritch Allison told CNBC's Jim Cramer Tuesday. Coinciding with the CEO's comments, McDonald's Corp (NYSE: MCD) announced an expansion of its third-party delivery partners.
Domino's Pizza, Inc. (NYSE: DPZ) fell more than 7% Tuesday after reporting second-quarter results, highlighted by a miss on U.S. same-store sales. Morgan Stanley's John Glass maintains an Overweight rating on Domino's with a price target lowered from $305 to $287. Argus' John Staszak maintains at Buy, price target lowered from $310 to $280.
For his "Executive Decision" segment on Mad Money Tuesday night, Jim Cramer spoke with Rich Allison, president and CEO of Domino's Pizza, Inc. , which saw its shares fell 8.7% Tuesday after the company reported same-store sales growth of 3% when analysts were looking for a gain of 4.6%. While the 3% same-store sales number was admittedly at the lower end of guidance, Allison said he remains quite positive on Domino's outlook. Trading volume was heavy and the daily On-Balance-Volume (OBV) line moved sharply lower as prices closed on the low of the day.