Domino’s & the 10 year streak
It took a pandemic to end the fabulous that Domino’s Pizza has been able to pull of since the start of 2011. During this time period Domino’s has been able to increase the US same store sales of the business, a key metric for the restaurant (& retail) industry.
International same store sales have been growing for Domino’s since the 90’s, but they represent far smaller part of the Domino’s business. Thus the US numbers are such a crucial indicator of the business.
The decline in the same store sales is not necessarily a bad sign as the comparison numbers from last year were record breaking for the company. In Q3/2020 the company saw a staggering 17,5 % same store sales growth.
During the huge decade long run of growth Domino’s has also seen it’s share price grow a staggering 2 830 %. A tech-style valuation surge.
Over these years Domino’s has been actively developing all sorts of things. Here you can find
- a nice overview to the history of the company (link)
- how one of the greatest turnarounds in the corporate history was made (link)