Domino’s offers a new guarantee

Article Excerpt

DOMINO’S PIZZA $470.37 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares o/s: 38.8 million; Market cap: $18.4 billion; Dividend yield: 0.8%) has launched its Domino’s Carside Delivery 2-Minute Guarantee. The idea revolves around the guaranteed delivery of pizzas from the oven to a customer’s car within 2 minutes. In cases where Domino’s fails to meet the deadline, the customer’s next pizza will be provided free of charge. Meanwhile, to promote the initiative, the company has collaborated with DraftKings Inc. (symbol DKNG on Nasdaq and a recommendation of Power Growth Investor) to launch the Carside Delivery 2-Minute Guarantee Over/Under Challenge. This lets customers bet on the new promise and predict if Domino’s Carside Delivery nationwide will be quicker than two minutes, more or less than 80% of the time. The free-to-play challenge started July 12 on DraftKings’ Daily Fantasy app and online platforms. Upon expiration, the winners will be entitled to a share of the cash prize of $200,000. The pandemic has…