Bill Ackman's hedge fund disclosed it has exited Starbucks after its recent surge and picked up Domino's.
Sales at U.S. stores open for more than a year rose 11.2%, missing market estimates of 12.48%.
What a year for finance and everything else!
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Domino's is a leading player in the $84 billion global quick service pizza category with nearly 19% market share and 36% of delivery dollars spent. The company generates revenue through franchise royalties, company-owned stores, and sales from 29 dough-manufacturing and supply chain centers. Of the 17,600 stores in 90 markets around the world as of December 2020, 6,000 are operated by domestic franchisees, 11,300 by international franchisees, and 360 are company owned. Domino's posted $16.0 billion in systemwide retail sales in 2020.
| Website: | www.dominos.com |
| Email: | chris.brandon@dominos.com |
| Main Phone: | +1 734 930-3030 |
| Address: | 30 Frank Lloyd Wright Drive |
| Address 2: | Suite 2800, 525 - 8th Avenue South West |
| State: | MI |
| City / Town: | Ann Arbor |
| Country: | US |
| Postal Code: | 48105 |
| Exchange: | NYE |
| CEO: | Richard E. Allison |
| Employees: | 14400 |
| NAICS: | Limited-Service Restaurants(722513) |
Bill Ackman's hedge fund disclosed it has exited Starbucks after its recent surge and picked up Domino's.
Sales at U.S. stores open for more than a year rose 11.2%, missing market estimates of 12.48%.
What a year for finance and everything else!
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Analysts have been lifting their estimates.
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