Send me real-time posts from this site at my email

Domino’s Plans 10 Million Pizza Slice Donation to Kids, Healthcare Workers, Grocery Employees

Domino's Pizza (NYSE: DPZ) announced this morning that every one of its American restaurants will take a cheese-covered stand against the coronavirus this week by donating 200 pizzas each in their neighborhoods. With 6,128 Domino's outlets currently operational countrywide, that works out to approximately 10 million individual slices of pizza.

Healthcare and hospital workers, people working in grocery stores, school kids, and "others in need" are listed as the intended recipients of this generosity. While these people are mentioned as high-priority pizza receivers, Domino's is leaving franchisees some flexibility in choosing who will get the donated food.

Image source: Getty Images.

Some individual franchisees are upping the ante by gifting larger numbers of pizza than the company requires. The company mentioned both Jason Shifflett of Memphis and Shane Casey of San Diego as franchise operators who voluntarily chose to donate 1,000 pizzas apiece from their restaurants, not just 200.

Domino's, which has fought hard to maintain its market position by becoming a "tech company that delivers pizzas," has been cooking up solid profits from the huge increase in takeout and delivery during the COVID-19 pandemic. The company is seeking 10,000 new workers at a time when many businesses are furloughing their workforces.

Domino's COO Russell Weiner remarked, "We have a long history of feeding people during times of crisis and uncertainty. When we were looking at how we could help, we knew we could use the reach of our national brand to make a difference in thousands of local neighborhoods."

10 stocks we like better than Domino's Pizza
When investing geniuses David and Tom Gardner have a stock tip, it can pay to listen. After all, the newsletter they have run for over a decade, Motley Fool Stock Advisor, has tripled the market.*

David and Tom just revealed what they believe are the ten best stocks for investors to buy right now... and Domino's Pizza wasn't one of them! That's right -- they think these 10 stocks are even better buys.

See the 10 stocks

*Stock Advisor returns as of March 18, 2020

Rhian Hunt has no position in any of the stocks mentioned. The Motley Fool has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy.


Source

Popular posts

Welcome! Is it your First time here?

What are you looking for? Select your points of interest to improve your first-time experience:

Apply & Continue