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☆ Domino's CEO says customers are picking up their own pizzas, and it reveals a bleak reality about the economy
▼ + stars: | 2024-07-27 | by ( Alex Bitter | ) www.businessinsider.com time to read: +1 min

Customers who want pizzas delivered have different priorities from those who want carryout, he said. Sign up to get the inside scoop on today’s biggest stories in markets, tech, and business — delivered daily. download the app Email address Sign up By clicking “Sign Up”, you accept our Terms of Service and Privacy Policy . "Our carryout business is on fire," CEO Russell Weiner told Business Insider in an interview. This story is available exclusively to Business Insider subscribers.

Persons: Uber, Domino's, —, Russell Weiner Organizations: Service, Business

☆ Domino's CEO slams the summer of value meals
▼ + stars: | 2024-07-25 | by ( Shubhangi Goel | ) www.businessinsider.com time to read: +3 min

Read previewAccording to Domino's CEO, smaller burgers are no way to make people happy. In an interview with Bloomberg, Russell Weiner took aim at the size of his competitors' value meals, which often include burgers. "If you want a big sandwich and you end up getting a little sandwich cheaper, you're not happy." AdvertisementWeiner's comments come during a summer of value meals in the US — with nearly every major outlet creating bundles to attract price-sensitive customers. Still, a better value strategy has not been enough to fully satisfy Domino's investors.

Persons: —, Russell Weiner, Domino's, Weiner, Burger King, Taco Bell, Burger Organizations: Service, Bloomberg, Business, Taco, Restaurant Brands Locations: Burger, Japan, France

☆ Domino's Pizza CEO Russell Weiner goes one-on-one with Jim Cramer
▼ + stars: | 2024-07-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's Pizza CEO Russell Weiner goes one-on-one with Jim CramerDomino's Pizza CEO Russell Weiner joins 'Mad Money' host Jim Cramer to talk consumer tredns, quarterly results, the appetite for pizza right now and more.

Persons: Russell Weiner, Jim Cramer, Pizza

☆ Domino's Pizza CEO Russell Weiner: Our job is to be consistent
▼ + stars: | 2024-07-22 | by ( Jim Cramer | ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's Pizza CEO Russell Weiner: Our job is to be consistentDomino's Pizza CEO Russell Weiner joins 'Mad Money' host Jim Cramer to talk consumer tredns, quarterly results, the appetite for pizza right now and more.

Persons: Russell Weiner, Jim Cramer

☆ 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

☆ Jim Cramer says Tesla soared on a short squeeze, questions ServiceNow sell call
▼ + stars: | 2024-07-08 | by ( Paulina Likos | ) www.cnbc.com time to read: +2 min

Tesla : Shares of the electric vehicle leader made a huge, 27% increase last week after the company delivered better-than-expected second-quarter production and deliveries. Cramer called the rally a short squeeze — meaning investors betting Tesla stock would go down were forced to cover as it ripped higher. Domino's Pizza : The pizza delivery chain was upgraded to an outperform rating from a neutral (buy from hold) at Baird. Baird sees the recent 7.4% pullback in Domino's stock over the last eight sessions as an opportunity. ServiceNow : Shares of the enterprise software company took an over 4% dive on Monday after Guggenheim downgraded the stock to sell from neutral.

Persons: Jim Cramer's, Cramer, he's, Baird, Russell Weiner, Guggenheim, Bill McDermott's Organizations: CNBC, Club, Corning, Management, JPMorgan, Wolfe Research Locations: Corning, JPMorgan's

☆ Jim Cramer shares his thoughts on AT&T, Paramount Global, Domino’s Pizza, SoFi and Lululemon
▼ + stars: | 2024-04-29 | by ( Kevin Stankiewicz | ) www.cnbc.com time to read: +1 min

AT & T : Shares rose more than 2% after Barclays upgraded the telecommunications company to a buy-equivalent rating. Paramount Globa l: Shares rose about 5% on Monday. "This is just the most speculative situation in the world, and if the deal doesn't get together you're going to see a $6 stock," Cramer said. Domino's Pizza : The pizza chain reported better-than-expected quarterly results, which included same-store sales rising 5.6%. "Q2 guide was a little light," Cramer said, noting he still sees uncertainty around the fate of student-loan forgiveness initiatives.

Persons: Jim Cramer's, Jim Cramer, doesn't, Cramer, Russell Weiner, They've Organizations: CNBC, Club, Barclays, Verizon, Paramount, Skydance Media, Lululemon

☆ Domino's Pizza CEO on earnings, consumer sentiment and franchisee growth
▼ + stars: | 2024-02-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's Pizza CEO on earnings, consumer sentiment and franchisee growthCNBC’s Kate Rogers joins 'Power Lunch' with Domino’s CEO Russell Weiner on company earnings and outlook and consumer sentiment.

Persons: Kate Rogers, Russell Weiner

☆ Here’s why Jim Cramer thinks shares of Domino's Pizza have more room to run
▼ + stars: | 2023-09-05 | by ( Morgan Chittum | ) www.cnbc.com time to read: +1 min

Domino's Pizza (DPZ) edged higher Tuesday after TD Cowen upgraded the company's stock to outperform from market perform (buy from hold). If you like this story, sign up for Jim Cramer's Top 10 Morning Thoughts on the Market email newsletter for free. CNBC's Jim Cramer agrees that shares have more room to run, citing strong management under CEO Russell Weiner and a recent big-name partnership. Domino's is in the S&P 500 consumer discretionary sector . The CNBC Investing Club does not own DPZ but does own fellow consumer discretionary member Starbucks (SBUX).

Persons: TD Cowen, Jim Cramer's, CNBC's Jim Cramer, Russell Weiner, Uber Organizations: CNBC, Starbucks

☆ The executive chairman of the restaurant conglomerate that owns Popeyes accidentally called the fried-chicken chain 'Domino's' during an earnings call
▼ + stars: | 2023-08-09 | by ( Grace Dean | ) www.businessinsider.com time to read: +2 min

RBI executive chairman Patrick Doyle slipped up and called Popeyes "Domino's" during an earnings call. RBI owns Burger King, Tim Hortons, Popeyes, and Firehouse Subs. Since November, Patrick Doyle has served as executive chairman of Restaurant Brands International, which owns the quick service brands Burger King, Tim Hortons, Popeyes, and Firehouse Subs. Between 2010 and 2018, Doyle was CEO of Domino's, where he was praised for helping turn around the brand and fix its reputation. "I'm sending Russell $20 by Venmo to fix that," he continued, seemingly referring to Domino's CEO Russell Weiner.

Persons: Patrick Doyle, Tim Hortons, Doyle, Domino's, Burger King, we're, I'm, Russell, Venmo, Russell Weiner Organizations: Burger, Firehouse, Service, Restaurant Brands Locations: Popeyes, Wall, Silicon, Burger, Domino's

☆ Domino’s is still struggling with delivery. One solution? More cars
▼ + stars: | 2023-07-24 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +4 min

New York CNN —Domino’s is still suffering declines in its delivery business. But Domino’s (DPZ) still doesn’t want to use outside delivery drivers. Nathan Papes/Springfield News-Leader/USA Today Network/ImagnWeiner said that Domino’s is getting more applications for delivery drivers now than it did in 2019, an encouraging sign. In addition to the electric vehicles, Domino’s has more than 1,000 non-EV cars in its fleet, Weiner said on Monday. By using its own drivers, Domino’s has more control over the delivery experience.

Persons: New York CNN — Domino’s, Uber, Russell Weiner, Nathan Papes, Imagn Weiner, Domino’s, ”, Weiner, Sandeep Reddy, ” Reddy, Reddy, Christopher Carril, ” Weiner Organizations: New, New York CNN, Chevy, Springfield News, USA, RBC Capital Markets Locations: New York, “

☆ Domino's is about to go on a driver hiring spree as it gears up for its partnership with Uber Eats
▼ + stars: | 2023-07-24 | by ( Alex Bitter | Nancy Luna | ) www.businessinsider.com time to read: +4 min

Unlike many restaurants that work with Uber, Domino's will use its own delivery drivers to get orders to customers. But CFO Sandeep Reddy said the Uber Eats deal should reverse sluggish sales by 2024. Under the deal, Domino's will be listed on the Uber Eats platform, but the pizza deliveries will be made by Domino's. Weiner, who replaced Allison in May 2022, said on Monday's conference call that the Uber Eats deal will bring in new customers. Weiner noted that the Uber Eats deal includes securing "control of our customer data."

Persons: Uber, Domino's, Russell Weiner, Weiner, Sandeep Reddy, Richard Allison, Domino's . Weiner, Allison, That's, we've Organizations: Service Locations: Wall, Silicon, aggregators

☆ Domino's Pizza misses revenue estimates as higher prices squeeze demand
▼ + stars: | 2023-07-24 | by ( ) www.reuters.com time to read: +1 min

July 24 (Reuters) - Domino's Pizza (DPZ.N) missed Wall Street estimates for second-quarter revenue on Monday, as elevated delivery fees and higher prices to boost margins hurt demand for its pizzas and chicken wings. Shares of the world's largest pizza chain dropped 4% in premarket trading as Domino's said it saw lower order volumes during the quarter. Higher labor and raw material costs have forced restaurant chains, even the biggest names including McDonald's (MCD.N), to jack up menu prices and delivery fees, which hurt cost-conscious consumers whose budgets are already squeezed by sticky inflation. Domino's U.S. same-store sales rose 0.1% in the second quarter, compared with analysts' estimates of an about 0.2% increase. Domino's total revenue fell 3.8% to $1.02 billion in the three months ended June 18, compared with analysts' estimate of $1.07 billion, according to Refinitiv IBES data.

Persons: Domino's, Uber, Russell Weiner, Granth, Shinjini Organizations: Uber, Thomson Locations: U.S, Bengaluru

☆ Domino's Pizza inks a deal with Uber Eats
▼ + stars: | 2023-07-12 | by ( Jordan Valinsky | ) edition.cnn.com time to read: +2 min

New York CNN —Domino’s Pizza has long been a holdout of using third-party delivery apps in the United States. Customers can soon order Domino’s full menu on Uber Eats and Postmates, with a partnership announced Monday that is scheduled to roll out nationwide by the end of the year. And in 2021 Domino’s even gave away $50 million in free food to counter the “surprise fees” from delivery apps. “Other food delivery apps charge customers with hidden city or service fees,” the company said at the time. However, Domino’s employees will still deliver the pizza rather than Uber Eats drivers, Weiner said.

Persons: It’s, ”, Russell Weiner, Uber, Domino’s, weren’t, Weiner, Sandeep Reddy Organizations: New, New York CNN, Wall Street Locations: New York, United States

☆ Domino's CEO Russell Weiner: Pinpoint ordering gives customers access to delivery outside the home
▼ + stars: | 2023-06-26 | by ( ) www.cnbc.com time to read: 1 min

In this videoShare Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's CEO Russell Weiner: Pinpoint ordering gives customers access to delivery outside the homeCNBC’s Kate Rogers joins 'Power Lunch' with Domino’s CEO Russell Weiner to discuss the company, pinpoint delivery, utelizing A.I. and the state of the consumer.

Persons: Russell Weiner, Kate Rogers

☆ Corporate insiders are loading up on their own shares following banking turmoil - and that's a positive sign for the stock market
▼ + stars: | 2023-04-24 | by ( Jason Ma | ) www.businessinsider.com time to read: +2 min

More than 1,000 executives and directors at over 600 companies bought their stock in March. That's the most in nearly a year, according to Washington Service data compiled by the Wall Street Journal. Insiders at financial firms accounted for more than half of the stock purchases. Insiders at financial firms accounted for more than half of the stock purchases, the most for the sector in at least two years, according to Washington Service, an insider-trading data analytics provider. Separate data from investment-research firm VerityData showed that last month's insider stock purchases were concentrated at regional lenders like PacWest and Fifth Third.

☆ Former Domino's CEO bought nearly $4,000 worth of pizza in a year
▼ + stars: | 2023-03-14 | by ( Grace Mayer | Nancy Luna | ) www.businessinsider.com time to read: +3 min

Former Domino's CEO Ritch Allison bought $3,919 worth of pizza in 2021, the Financial Times found. The former CEO was compensated for a nearly $4,000 personal pizza expense, the Financial Times reported, citing Domino's proxy filing from last year. As FT points out, the previous proxy shows Allison's nearly $4,000 in pizza in 2021 was relatively tame. During his tenure as CEO, Allison pushed innovation and a culture of risk-taking at the tech-forward company. Curious what $3, 919 gets you in Domino's pizza pies?

☆ Premarket stocks: Why today's inflation report is so important
▼ + stars: | 2023-02-24 | by ( Nicole Goodkind | ) edition.cnn.com time to read: +8 min

Recent data has shown that inflation is still hot, and that the economy is rip-roaring. On Thursday, JPMorgan Chase (JPM) CEO Jamie Dimon publicly expressed his doubt in the central bank’s ability to control inflation. This, in turn, can help make it easier for the central bank to achieve its inflation targets. Blackrock analysts wrote in a note Thursday that “we think we are going to be living with inflation. Watson was accused in a federal indictment of having “engaged in a scheme to defraud OZY’s investors, potential investors, potential acquirers, lenders and potential lenders.”The charges said that Watson committed the fraud “through material misrepresentations and omissions” about Ozy Media, including the company’s finances, investors, business partners, contracts, and potential acquisitions.

☆ Domino's stock tumbles 10% as delivery problems persist
▼ + stars: | 2023-02-23 | by ( Danielle Wiener-Bronner | ) edition.cnn.com time to read: +3 min

“We experienced significant pressure on our U.S. delivery business in 2022,” CEO Russell Weiner wrote in a statement discussing financial results Thursday. Domino's said its delivery business struggled last year. “Every day, delivery customers will be deciding where to spend their hard-earned dollars. And it raised the price of its “mix and match” deal for delivery orders, but not carryout. And while staffing has improved somewhat, “there is more work to do on staffing that part of the business,” Weiner said of delivery.

☆ Domino's and Papa John's shares sink after pizza chains deliver soft sales, outlook
▼ + stars: | 2023-02-23 | by ( Noah Sheidlower | ) www.cnbc.com time to read: +2 min

Domino's Pizza and Papa John's both fell in pre-market trading after reporting mixed earnings on Thursday morning. Domino's missed analyst estimates on U.S. same-store sales and total revenue for the quarter. Domino's reported wavering demand amid a national driver shortage. U.S. company-owned stores reported revenues of $117 million, falling short of StreetAcount estimates of $129.3 million. This month, Domino's launched loaded potato tots with three flavors, which some analysts think could raise sales.

Organizations: & $

☆ Domino's CEO: We sold around 2 million pizzas during Super Bowl Sunday
▼ + stars: | 2023-02-13 | by ( ) www.cnbc.com time to read: 1 min

Share Share Article via Facebook Share Article via Twitter Share Article via LinkedIn Share Article via EmailDomino's CEO: We sold around 2 million pizzas during Super Bowl SundayRussell Weiner, Domino's CEO, joins 'Squawk Box' to discuss Domino's Super Bowl demand, the food inflation the pizza giant sees, and more.

☆ Your next Domino's delivery may arrive in a GM Chevy Bolt as pizza chain pushes EVs nationally
▼ + stars: | 2022-11-26 | by ( Ian Thomas | ) www.cnbc.com time to read: +2 min

Domino's will roll out 800 custom-branded 2023 Chevy Bolt electric vehicles at locations across the U.S. in the coming months. "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?'" "This is a way we can get better; better service for our customers and better for the environment." The adoption of this fleet of EVs is not the first time Domino's has looked to optimize how pizza is delivered. Other start-ups, such as Refraction AI, have been testing autonomous vehicles suited for pizza delivery.

☆ What Cramer is watching Monday — Iger back at Disney, Amazon holiday forecast, Domino's EV fleet
▼ + stars: | 2022-11-21 | by ( Jim Cramer | ) www.cnbc.com time to read: +3 min

What I am looking at Monday, Nov. 21, 2022 Disney (DIS): Bob Chapek out as CEO; former CEO Bob Iger back in the top job. Jefferies cuts price target to $240 per share from $250. Citi raises price target on Foot Locker (FL) to $38 per share from $33, benefitting from Nike 's (NKE) inventory. KeyBanc likes Timken (TKR), bearings and power transmission products maker, raises price target to $88 per share from $75; and keeps overweight (buy) rating. As a subscriber to the CNBC Investing Club with Jim Cramer, you will receive a trade alert before Jim makes a trade.

☆ Even financial analysts should be interested in delivering pizzas, Domino's CEO says. 'Because our drivers become franchisees.'
▼ + stars: | 2022-10-18 | by ( Sarah Belle Lin | ) www.businessinsider.com time to read: +4 min

Domino's CEO Russell Weiner touted career opportunities for delivery drivers in a call with analysts. "Maybe there are people who are listening to the call now who are interested in drivers' positions," Weiner said. 95% of Domino's franchisees started out as employees making pizza or driving, he said. Domino's delivery drivers earn around $31,962 annually, ZipRecruiter estimates, and a Domino's franchise owner in New York City can make a base salary of $88,200 a year, according to Glassdoor. Domino's is primarily a franchiser, with approximately 94% of US Domino's stores owned and operated by the company's independent franchisees, according to Domino's 2021 annual report.

☆ Domino's reports mixed third-quarter results as U.S. same-store sales increase
▼ + stars: | 2022-10-13 | by ( Jack Stebbins | ) www.cnbc.com time to read: +2 min

An employee carries an order for a customer at a Domino's Pizza restaurant in Detroit. Domino's also stood by its forecast for food cost inflation, indicating that pressure from rising costs could be easing. "I'm encouraged with our performance and the sequential improvements we made during the third quarter," Domino's CEO Russell Weiner said in a statement. Here's how the pizza company performed compared with Wall Street estimates, according to Refinitiv:Earnings per share: $2.79, adjusted vs. $2.97 expected. Overseas, the company said same-store sales declined 1.8% in the third quarter when excluding the impact of foreign currency exchanges.

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