Domino’s remains the global leader

Article Excerpt

During the pandemic, Domino’s Pizza implemented savvy strategies to support its businesses—strategies that are still paying off. The stock took a dip in July 2024 on a slower growth forecast, but going forward, we think the stock is well-positioned to capitalize on its popular offerings to keep attracting customers. We recommend this stock as a Power Buy. DOMINO’S PIZZA, $428.36 (New York symbol DPZ; TSINetwork Rating: Average) (www.dominos.com; Shares outstanding: 34.5 million; Market cap: $14.8 billion; Dividend yield: 1.4%), gives you exposure to the world’s largest chain of pizza stores offering takeout and delivery. The company (symbol DPZ on New York) operates 21,002 outlets, in the U.S. and 85 other countries. Franchisees run most of these stores. Domino’s shares soared by the end of 2021 to about $570 a share during the first two years of the pandemic. The stock then dropped to as low as $280 in June 2023—before surging to $543 in May 2024. The shares then dipped to about $400 in July 2024 and…