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Domino's - 4 — - 2 Weiner - 2 Pizza - 1 Bernstein Lierbhard - 1 Russel J - 1 Sandeep Reddy - 1 Justin Sullivan - 1
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6 mentions found


☆ Domino's Pizza is not growing as much as it claims, investor says in new lawsuit
  + stars: | 2024-09-26 | by ( Lauren Edmonds | ) www.businessinsider.com   time to read: +4 min
Read previewAn investor has filed a class action lawsuit against Domino's Pizza, claiming the restaurant chain "overstated" its business and financial prospects. AdvertisementSpecifically, the company's annual global net store growth. The complaint says Domino's hosted its 2023 Investor Day that December, during which it discussed the long-term guidance for the annual global net store growth between 2024 and 2028. The class action lawsuit against Domino's Pizza Inc. is about its annual global net store growth. Despite investor concerns over its global net store growth, revenues at Domino's has grown.
Persons: —, Pizza, Bernstein Lierbhard, Russel J, Weiner, Sandeep Reddy, Justin Sullivan, Domino's, Matt Cardy, Stringer Organizations: Service, Pizza Enterprises, Business, Domino's, BI, Domino's Pizza Enterprises, Domino's Pizza, U.S, Company Locations: Michigan, Domino's
☆ Domino's Pizza CEO talks weakness in international franchisee
  + stars: | 2024-07-22 | by ( Julie Coleman | ) www.cnbc.com   time to read: +1 min
In a Monday interview with CNBC's Jim Cramer, Domino's Pizza CEO Russell Weiner discussed weakened guidance the company gave last week for its international business. The company said this is largely due to weakness in Domino's Pizza Enterprises, its largest international franchisee with stores that operate in Australia, New Zealand, France and the Netherlands, among other countries. According to Weiner, Domino's business in the U.S. is strong, and "value has never been higher," with increased orders on "on our delivery business, carry out business, every single income segment." "There are some people who don't like Domino's pizza. "And so, this is a great product for those folks, and we're bringing incremental eaters into Domino's Pizza."
Persons: CNBC's Jim Cramer, Russell Weiner, " Weiner, Domino's, Weiner, DPE, Cramer Domino's Organizations: Pizza Enterprises Locations: Australia, New Zealand, France, Netherlands, China, India, U.S
☆ Domino's pizza is the latest American product facing backlash in Asia amid the Middle East turmoil, exec says
  + stars: | 2024-01-26 | by ( Alex Bitter | ) www.businessinsider.com   time to read: +4 min
Read previewDomino's Pizza is the latest American brand to face blowback as some consumers change their buying habits in light of Israel's invasion of Gaza. Domino's Pizza Enterprises, a franchisee of the US company that operates Domino's restaurants in Australia, Europe, and Asia, said same-store sales in Asia fell an estimated 8.9% in the second half of 2023. Domino's Pizza Enterprises also operates in countries including Singapore, Japan and Taiwan. Spokespeople for Domino's Pizza Enterprises and Procter & Gamble did not immediately respond to Business Insider's request for additional comment. In an investor presentation last month, Unilever CEO Hein Schumacher said that some of its brands in Indonesia have been affected by "the wars in the Middle East."
Persons: —, America —, Donald Meij, Domino's, Gamble, McDonald's hasn't, Ian Borden, Borden, Hein Schumacher Organizations: Service, Business, Pizza Enterprises, Enterprises, Palestine, CNN, Israel, Procter & Gamble, Bloomberg, Starbucks, Domino's Pizza Enterprises, Procter, Reuters, Unilever Locations: Gaza, Australia, Europe, Asia, Malaysia, Singapore, Japan, Taiwan, Israel, Indonesia, Pakistan, pushback, Egypt, Jordan, London
☆ U.S. fast-food chains add automation to boost speed
  + stars: | 2023-08-02 | by ( Kailyn Rhone | ) www.reuters.com   time to read: +3 min
With mass shortages of low-cost labor due to the pandemic, chains shifted to technology investments in their kitchens to fill the gap. The addition of automation tools in restaurant chains could cut down on wait times, driving higher consumer engagement and increasing sales for the rest of the year, restaurant executives say. Thirty-six percent of 1,000 U.S. people told HungerRush in a survey in May that they believed major restaurant chains don’t have enough staff to take orders, prepare food, and handle deliveries. Last year, Domino's Pizza Enterprises announced an automated pizza prep device in partnership with Picnic Works, a Seattle-based food-automation startup. "Anytime there's new automation, it creates new kinds of jobs," said Gaurav Kachhawa, chief product officer at Gupshup, a conversational messaging platform.
Persons: Carlo Allegri, Rachel Ruggeri, HungerRush, Aaron Nilsson, Chipotle, Brian Niccol, Domino's, Gaurav Kachhawa, It's, Jonathan Oatis Organizations: REUTERS, Siren, Starbucks, National Restaurant Association, Society, Pizza Enterprises, Picnic, Kailyn, Thomson Locations: Manhattan, New York City , New York, U.S, Michigan, Colorado, Houston, Seattle, Indiana, Indiana , Illinois, Wisconsin
☆ UK's Domino's Pizza Group names new CEO
  + stars: | 2023-07-13 | by ( ) www.reuters.com   time to read: +1 min
July 13 (Reuters) - Domino's Pizza Group (DOM.L) said on Thursday Andrew Rennie, who has served as the Europe chief for a major franchise operator of the pizza chain, will join the UK firm in August as its chief executive. Rennie will take over from Elias Diaz Sese, who has been serving as Domino's Pizza Group's (DPG) interim CEO since October 2022. The group owns, operates and franchises Domino's stores in the UK and Ireland. Rennie has held several roles at Domino's Pizza Enterprises in over two decades, including being CEO of its European business from 2014 to 2020. The Sydney-listed company holds exclusive master franchise rights for the Domino's brand across 12 markets including Australia, New Zealand, Belgium, France, The Netherlands, Germany and Luxembourg.
Persons: Andrew Rennie, Rennie, Elias Diaz Sese, Sese, DPG, Chandini, Nivedita Organizations: Ireland, Pizza Enterprises, Thomson Locations: Europe, Sydney, Australia, New Zealand, Belgium, France, The Netherlands, Germany, Luxembourg, Bengaluru
☆ Aussie retailers in for more pain as high interest rates squeeze spending - Citi
  + stars: | 2023-07-06 | by ( ) www.reuters.com   time to read: +2 min
July 6 (Reuters) - Australian retailers are in for a sombre period this fiscal year as high interest rates squeeze household budgets, especially for discretionary spending, Citigroup said on Thursday, with expected further rate hikes likely to dent confidence even more. The brokerage cut its fiscal 2024 earnings forecast for electronics retailer JB Hi-Fi (JBH.AX), fashion retailer Premier Investments (PMV.AX), auto parts retailer Super Retail (SUL.AX), and retail conglomerate Wesfarmers (WES.AX). "It appears the two recent rate rises (in May and June) following the April pause has been the final straw, pushing some consumers to restrain their spending," Citi analysts Adrian Lemme and James Wang wrote in a note. They estimate the high rates have pushed up net household interest expense by around A$30 billion over five years through 2024. "Given Citi forecasts another two rate rises, we think confidence will remain depressed for now," the analysts said.
Persons: Adrian Lemme, James Wang, JB, Harvey Norman, Citi's, Sameer Manekar, Savio D'Souza Organizations: Citigroup, JB, Premier Investments, Super, Citi, Australia, UBS, Pizza Enterprises, Coles Group, Woolworths, Thomson Locations: Bengaluru
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