"We believe that a significant shakeout is coming to the industry," he said.īut in the meantime, the company is tightening its outlook. But he thinks that model will eventually collapse. stores open at least a year rose 2.4%, shy of the 2.7% growth Wall Street had anticipated, according to analysts polled by FactSet.īut it's facing an onslaught of startups that are offering rebates to use their delivery services from thousands of smaller, local pizzerias and other types of restaurants, including national fast food chains like McDonald's.Īllison said companies like GrubHub are currently pricing delivery below what it actually costs, thanks to subsidies from investors. reported its fourth consecutive quarter of declining same-store sales in the U.S. "We firmly believe that now is the time to go on offense."īut in the short term, those new stores are cannibalizing existing locations. "We've got a unique opportunity right now to solidify market share gains for the long term," CEO Ritch Allison said in a conference call with investors. The company has opened 1,174 new stores worldwide over the last year it opened nearly 250 stores in the July-September period. The world's biggest pizza chain is rapidly opening new stores in order to shorten delivery times, increase carryout business and push out weaker competitors like Pizza Hut and Papa John's. delivery drivers - despite mounting pressure from services like UberEats and DoorDash. Domino's Pizza is sticking with its aggressive growth plans - and its own army of U.S.
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