The pandemic and great reopening had a significant impact, both […]
When Dominos reports 21Q3 results October 14 before the bell, investors will be listening to understand if the company can maintain the momentum generated in the past year.
As a whole, Pizza delivery mentions have normalized (-31% YoY) as consumers return to pre-pandemic habits. However, our data suggests that Domino's may be best positioned in the Pizza delivery segment. Here's why we're optimistic about the company's growth prospects, long-term:
The company currently holds around 47% of Pizza demand mentions. A year ago, this number was just about 45%. A small change, but positive for Domino's. Even with rising competition, the company is extending its dominance.
Domino's carryout mentions have increased by +40% vs. 2019 and holding flat vs. 2020 levels.
This is impressive. And makes sense. The company invested heavily in this segment in 2020. Carryout currently comprises ~43% of DPZ sales and noted a return to growth in this segment in Q2. LikeFolio data suggests this growth will continue.