Source: Marianna Iodice,, Bari, Italy, American Chains Still Conquering the World. If it is working, do it more!”. According to PMQ’s 2018 Pizza Industry Census, 67.46% of respondents reported not utilizing a third-party delivery service. Pizza Hut, which used to dominate the segment, dropped 4.2% in sales to $5.5 billion in 2017. FY19 Annual Report . The 2018 Pizza Power Report: A State-of-the-Industry Analysis To stay competitive in the pizza business in 2019, independents will have to meet customers’ growing demand for speed, customization, delivery and convenience. “You’ll sell a lot more if you’re using quality ingredients, because people are starting to be aware of what’s going into food.” However, he adds, when adding these high-quality ingredients, operators must make sure to price their menu items accordingly. With culture as the driving force behind our results, I’m pleased to share the following highlights from 2019: Our worldwide system sales grew 9%, led by 10% growth at KFC, 9% at Taco Bell and 8% at Pizza Hut. Pizza Hut will be developing Latin America, the Caribbean and select countries of Europe in a landmark deal with Telepizza, while also investing heavily in the Chinese market. Toronto, Ontario, December 18, 2019 Pizza Pizza Royalty Corp. (the “Company”) (TSX: PZA) today announced its monthly cash dividend of $0.0713 per share for December 2019. Source: Elena Shirokova,, Moscow, Russia, In contrast to Russia, Sweden is shedding its long-held belief that pizza is only for fast food consumption. Breakfast has always been a big daypart, just not typically for outlets like us. Source: Mikael Lundgren, Sveba-Dahlen, Fristad, Sweden, Much like the United States, Brazil experienced a wave of Italian immigration at the beginning of the 20th century. Kevin Ozan, McDonald’s Corp.’s chief financial officer, said in the article, “It’s a tight labor market out there. But leading chains like Domino’s and Pizza Hut, along with up-and-coming companies like Zume Pizza, are turning science fiction into reality for the restaurant industry. Pizza Power Report: the World Pizza Market (click to enlarge) Worldwide, Euromonitor International forecast $150.3 billion in total pizza commerce in 2019 (including takeaway/delivery, full-service and fast-food outlets) and predicted growth to continue over the next four years. Co-founded by Julia Collins and Alex Garden, Zume uses a robot-enabled assembly line to prep and par-bake pizzas, plus predictive algorithms that forecast where pizza orders will come from and what types will be ordered. You can put anything on a pie. “They do care about their ingredients,” Irving notes. The convenience of not having to interact with other people is also an incentive to them. The survey found that younger users have higher adoption rates and tend to use delivery services more frequently. Filing date View; Mar 30, 2020: View HTML. always served in style. The pizza emerges, fully baked, on the other side, where a second robot arm transfers it to a cutting board, slices it into six pieces, places it in a pizza box, and closes the box. Please provide your name and email and gain immediate access to the entire report: 2018 Annual Report. “The younger generation wants to know what’s in their food, and that’s a great opportunity for independents to dominate their market, because they can do that,” Irving explains. As of February 13, 2020, Domino’s Pizza, Inc. had 38,667,039 shares of common stock, par value $0.01 per share, outstanding. Nathan Scholz 14 August 2018 . The global market size of Pizza is $XX million in 2018 with XX CAGR from 2014 to 2018, and it is expected to reach $XX million by the end of 2024 with a CAGR of XX% from 2019 to 2024. The factors such as growing urban population, escalating disposable income, increasing youth population, accelerating fast food pizza market and rising pizza franchisees are expected to drive the market. As reported in Liz Barrett Foster’s article on the trend, published in the November issue of PMQ, Ron Mathews, owner of Rockstar Pizza in Brownsburg, Indiana, began offering keto-friendly menu items this year. “During these times when the price of labor is getting so high, things like kiosk ordering and mobile ordering have taken a giant leap. People want to be able to get in and get out. Compound this with stagnant pizza prices and a low unemployment rate, and finding good workers can be difficult. Looking for more inspiration? “This brand reputational work is very, very critical to moving the overall comp sales forward while we’re solving for differentiations in messaging and the value perception and the introduction of all the new technology pieces.”. But, since 2013, 50% of new pizzerias closed their doors within the first five years of opening, according to Unioncamere. 2018; 2017; 2015/16; Responsibility; Bondholder info. When compiling this year’s Pizza Power Report, three themes kept appearing again and again: quality ingredients, technology and the youth culture. 2019 Annual Report. Zume, which was featured in PMQ’s June-July 2017 issue, earned a new round of funding for $375 million last fall from a single investor, SoftBank Vision Fund. These days, in these economic times, people are looking for that.”, Ultimately, despite all of the challenges today’s pizzeria owner faces, Topliff offers a positive summation of the state of the pizza industry. According to a poll by, 40% of millennials think pizza is “the best food in the world.”, In an interview for an August 2018 article in the online publication diginomica, Papa John’s CEO Steve Richie discussed the importance of the younger generations. Annual Revenue ( $ ) Pizza Hut revenue was $1.03 b in FY, 2019 which is a (3.9%) year over year increase from the previous period. Learn about the history, the families, the love and design that goes into each pie. The cash injection reportedly raised Zume’s valuation to roughly $2.25 billion, according to The Wall Street Journal—not too shabby for a company that presently delivers pizzas only in the San Francisco Bay area. The 2019 Pizza Power Report: A State-of-the-Industry Analysis. Topliff says that pizzeria owners shouldn’t lose sight of the big picture. Updated 1146 GMT (1946 HKT) November 24, 2019 . Meanwhile, Domino’s has been testing its own self-driving delivery car, a tricked-out Ford Fusion Hybrid, in select markets, including Ann Arbor, Michigan, and Miami. Domino’s dominates the segment with sales just shy of $6 billion in 2017 growing 11% compared to 2016. 24 September 2019. “Are 40 people a week asking you to open for breakfast? Maxim Kotin. Fast-casual, five-minute pizzas have the lunch category covered. According to Jim Mizes, president and CEO of Blaze Pizza, “Most delivery pizza is consumed at home with family and friends. Pizza Hut and Toyota are also developing a self-driving delivery vehicle, called the e-Palette, with a working version set to debut at the 2020 Olympics in Japan. During fiscal 2019, same-store sales increased 3.6% with an average margin of 32.1%. It’s less expensive for a store owner, especially an independent, to be able to keep business going. But, despite evolving approaches and consumer demands, the state of the pizza industry is strong. Dayparts have become a big factor and a booming trend. Ravenous customers enjoy a delectable pie at MOD Pizza. No purchase necessary. According to PMQ’s 2018 Industry Census, 60.47% of respondents reported an increase in sales over the previous year. Also, because quality is important among younger customers, the independent operator has an advantage. Add Files. In August 2019, the Papa John’s Board of Directors announced the appointment of Rob Lynch as President and CEO. Heidi Chung is a reporter at Yahoo Finance. “I think technology is a wonderful thing and is helping our industry grow to a great extent, but I also feel that, at some point, the personal touch is going to get lost in all this technology,” she says. 5.The report estimates 2019-2024 market development trends of Pizza industry. Pizza Hut, in collaboration with Toyota, is working on its own version, the Tundra PIE Pro, still in the prototype stage. Owner Mike Harvard told the magazine, “We couldn’t compete price-wise with the local pizzeria, because we have to spend more on payroll. But that’s the industry, so I don’t know that we have it any worse than anybody else.” Turnover was also cited in the survey as a challenge: A full 46% of respondents said turnover increased either “significantly” or “somewhat” over the past year (43% said their turnover rates remained unchanged, while 10% said turnover decreased somewhat or significantly). Nathan Scholz 14 August 2018. Even 7-Eleven introduced a new breakfast pizza to their food lineup in 2018, and market testing at select 7-Eleven stores revealed that it was the second highest-selling pizza. For the first time, Domino’s overtook perennial heavyweight Pizza Hut in total sales. In a 2016 Forrester Data Consumer Technographics North American Retail and Travel Survey, 60% of loyalty customers said the programs influence where they make purchases, and 48% said loyalty programs influence what they buy. * MEA (Middle East and Africa) The chain experienced a global net store growth of 232 units in the third quarter of 2018, according to a press release by In mid-February 2019, Blaze Pizza announced that it was testing large 14-inch pizzas as part of a campaign to grow its digital delivery and carryout business. The key countries in each region are taken into consideration as well, such as United States, China, Japan, India, Korea, ASEAN, Germany, France, UK, Italy, Spain, CIS, and Brazil etc. “My daughter has an intolerance to gluten. 2018 Annual Report 1.7 MB. Proxy Statements. Powered by Web Publisher PRO, The 2021 Pizza Power Report: How Pizzeria Operators Can Thrive in the Coming Year, PMQ Survey: 90 Percent of Pizza Restaurants Still Open Thanks to Delivery and Carryout, How to Get Your Coronavirus Money: Live Video Q&A with Michael Rasmussen of HiTechCPA, Eric Greenwald of Grimaldi’s: Use Instagram Live to Connect With Customers During Pandemic, Why Pizzerias Should Double Down on Marketing – Mindfully – During the Coronavirus. In the same survey, 64% of U.S. online adults who belong to any customer loyalty program, and who regularly participate in most of the programs they join, said the programs make them feel more loyal to the brand or company, compared with 42% who participate in just a few programs and 19% who rarely participate. With Lyle Lovett, Michael Bolton, Bill Pustari, Dave Portnoy. Meanwhile, customers with special dietary needs, such as vegan or gluten-free, also expect various options at their favorite pizzerias. Rago says customers are also demanding higher-quality ingredients. Your guests may be looking for a healthier take on traditional pizza and cauliflower crust is the hot new alternative. * Main Business Information “Our focus on digital efforts is clearly to make certain that we are appealing to younger audiences, which will be the future of the overall business,” he said. It operates through a network of 9,351 company-owned and franchise stores located … * Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years The company sells and delivers pizzas under the Domino's Pizza brand name. Rely on current workers to recruit candidates via word-of-mouth, and maintain the restaurant’s reputation across all media channels.”, Rago believes that Gen Zers and millennials also have different expectations for the workplace schedule and environment. At the same time, a Technomic study found pizza to be most popular among younger consumers (Gen Zers and millennials), with pizza consumption frequency lessening with age. But some people still prefer to order in person, so you have to be prepared to go in any direction that is going to be most convenient and make your customers the happiest.”. ... 2019 Annual General Meeting and Information Circular. Crowds of onlookers watched inventive pizza chefs compete for top honors in five divisions of the International Pizza Challenge. An August 2018 article in Nation’s Restaurant News reported on a recent survey, called “Staffing Concerns in Restaurant Operations,” that revealed 67% of operators cited increased competition for workers as a key driver in rising costs. “I don’t think you should do breakfast pizza if it’s not what you’re good at,” Irving says. The par-baked pizzas are then loaded onto huge delivery trucks equipped with refrigeration units and dozens of computerized ovens; as the truck cruises a predetermined delivery area, human employees pop the pies into the ovens for the finishing bake when an order comes in and deliver them, fresh and piping-hot, to the customer’s door. * Market dynamics scenario, along with growth opportunities of the market in the years to come “We still have the availability for things like UberEats and many of the third-party delivery services, only because that’s where some of our customers are. 2019 Annual Report 1.3 MB. The company sells and delivers pizzas under the Domino's Pizza brand name. Guest User 21 August 2019. Internationally, pizzerias are thriving, with a five-year forecasted growth rate of 10.7%. * Hand-tossedStylePizza “It’s so easy to get delivery these days, customers don’t need to get pizzas at a grocery store.”, And, since many pizzerias seek entry-level workers, we see the youth movement having an effect on the pizza industry when it comes to employment. Pizzeria operators can get discounted admission to the Nightclub & Bar Show in Las Vegas, 5 Easy Ways to Celebrate National Pizza Day, National Pizza Contest Will Award Up to $25,000 In Cash Prizes. Domino's Pizza Enterprises Ltd. has reached its limit for free report views. Although dinner still dominates the pizza industry, other dayparts, such as lunch and breakfast, have gained traction. “However, pizza packs a much larger protein punch, which will keep you full and boost satiety throughout the morning. More Videos ... MUST WATCH (17 Videos) “They don’t have one set style. Irving feels that the increased sophistication of the pizza diner is a plus for independent pizzerias. “When you use those third-party companies, most of the time customers are paying an inflated rate or surcharge. At the close of 2018, there is an entire generation of consumers who never knew a world without computers, and many of them have no memory of a world without cell phones. 6.Analysis of upstream raw materials, downstream demand, and current market dynamics is also carried out It seems like a lot of the millennials prefer to skip having that one-on-one contact and just want to be able to do it right from their computer, so we have to be in both places.”. Other chains have taken note of Zume’s revolutionary model. * Market value (USD Million) and volume (Units Million) data for each segment and sub-segment “If you don’t change now, it might not affect your business today, but five years from now, you’re going to look back and say, ‘I wish I had online ordering then, because now everybody else has it.’”, Topliff echoes the demands of those who prefer to do things right from their computer or phone for ease and convenience. The same study reported that 49% of consumers indicate they would like pizza establishments to offer “more authentic” pizzas. This led to development of its new ordering platform, Domino’s AnyWare, which allows customers to order through any number of devices, including in-home assistants such as Amazon Echo, smart TVs, smart watches, and social media platforms. JUST WATCHED Woman 'orders pizza' to report domestic violence in 911 call. Source: Carlos Zoppetti, ConPizza, São Paulo, Brazil. * Sales, Revenue, Price and Gross Margin * Asia & Pacific Irving notes that younger pizza consumers want online ordering, as well as information on your ingredients. * Independent Operators The same survey found that just 32% of diners in this year’s survey preferred fast-casual for lunch, a 5% drop from AlixPartners’ survey in 2017. Well more than 8,000 buyers entered Expo 2019. No purchase necessary. According to a Technomic study, 25% of consumers indicated they “would eat pizza more often if there were healthier options available,” with young consumers, women, and “super heavy” pizza eaters being most interested. 2020 Annual Report. If a pizzeria doesn’t offer some sort of gluten-free option, it’s probably not one we will go to. Domino’s Australia added three vegan pies to its menu, in addition to vegan garlic bread, according to a January 2018 article on “The concept of quality food at an affordable price that launched the fast-casual segment has remained a key association. When futurists of the 1950s speculated about 21st-century science and technology, they gave little thought to pizza delivery. Chief storyteller. * Company Profile Strong competition is cited as the main reason for the high number of closures. “We’ve had our own deliveries and drivers for the 50 years that we’ve been in business,” Topliff says. Are the pizzas actually arriving the way they should? Pasadena, California-based Miso Robotics introduced Flippy, an “autonomous robotic kitchen assistant,” earlier this year in Los Angeles. Keto pizza has also gained popularity. A January 2018 article in Forbes states that after hitting an all-time low in 2008, when its stocks sold for $3 per share, Domino’s now commands a price of $266. Pizza Pizza Royalty Corp. Q3 Financial Statements. Everybody’s trying to capture a little of each of those. They’re not willing to take on jobs that require them to be there every week, with bosses telling them what to do.”, Mike’s Pizzeria, a chain of 29 restaurants based in Albany, New York, has had to increase its prices to accommodate for the rising minimum wage in that state, according to the Albany Business Review. Pizza Hut revenue increased from $988 million in 2018 to $1 billion in 2019, a (3.9%) increase. From there, pizza culture was born, but it hasn’t been until recent years that the market demanded highly skilled pizza makers. Our same-store sales grew 3%, led by 5% growth at Taco Bell and followed by 4% at KFC with Pizza Hut even for the year. There are 4 key segments covered in this report: competitor segment, product type segment, end use/application segment and geography segment. Guest User 21 August 2019. Updated 2340 GMT (0740 HKT) November 26, 2019 . Meanwhile, the emphasis on new platforms attracted top talent to work on product development. It’s something every business should look at.”, “You can’t be in business without a loyalty program these days,” Topliff agrees. “You could buy a pizza with the same ingredients in a grocery store, but you can’t cook it the same way, so they don’t have the same flavor,” she explains. “They are trying to dictate their schedule to you, instead of being told when to work,” he says. Follow her on Twitter: @heidi_chung . The highest raises were reported in Washington’s Seattle-Tacoma area, with minimum wages for hospitality and transportation workers at $15.64 per hour. “It’s not that hard to make a breakfast pizza. According to a Technomic consumer survey, breakfast is the fastest-growing daypart in the restaurant industry. Plus, a slice of pizza contains more fat and much less sugar than most cold cereals, so you will not experience a quick sugar crash.”, “Breakfast pizzas have become very popular,” Marla Topliff, president of Rosati’s Pizza and chairman of the National Restaurant Association’s Pizzeria Council, adds. We have coupons on the side of our boxes that say ‘Buy 12, get one free.’ We have it on every website and homepage and every possible social media place we can put it: If you’re part of our loyalty program, you’ll get something for free. Now, we present to you our yearly listing of America’s 100 largest pizza chains. Bottom line is, it’s costing the millennial more money without them necessarily realizing it.”, Topliff believes that, when evaluating a third-party service, operators must examine the seamlessness of the delivery process: Are they delivering in the right packaging? The dividend will be payable to shareholders of record at the close of business on December 31, 2019, and will be paid on January 15, 2020. “I know it’s convenient, but they’re not money-conscious,” Rago says. 2 ANNUAL REPORT AND FINANCIAL STATEMENTS 2018 ANNUAL REPORT AND FINANCIAL STATEMENTS 2018 3 Contents Group Chairman and ceo’s statement 5 Strategic report 9 Directors’ report 45 Independent auditors’ report 52 Consolidated financial statements 60 Company financial statements 100 Our founder Peter Boizot threw open the doors of the first PizzaExpress on Wardour … Accordingly, pizza competitions and education events are also on the rise in Sweden. * PanPizza 4.The total market is further divided by company, by country, and by application/type for the competitive landscape analysis. End users sre also listed. Nathan Scholz 19 August 2020. When we’re trying to get ready for a big football game on a Sunday, we’ll open our stores early and add a breakfast pizza in a lot of our pubs to capture that crowd, because that’s what they’re looking for.”, However, pizzeria owners should be cautious about adding a breakfast pizza to the menu without the proper product development. History shows that those who fail to adopt new technologies may be left behind, especially given the youth market’s affinity for all things high-tech. The information for each competitor includes: beautiful pizza. Thank you for subscribing to our newsletter. ... Papa John's pizzas are hand-made to order in your local restaurant; your pizza may vary in appearance from the pizza represented here. 2019 Annual Report. A September 2018 article in Nation’s Restaurant News revealed data from a recent survey of 1,600 Gen Zers and millennials conducted by the National Restaurant Association Educational Foundation (NRAEF) and the Center for Generational Kinetics. According to a Technomic study, 83% of consumers eat pizza at least once per month. of “BETTER INGREDIENTS. “You have to recognize that and adapt your business,” he says. “They’re not set in their ways. ... Papa John's pizzas are hand-made to order in your local restaurant; your pizza may vary in appearance from the pizza represented here. Marla Topliff, president of Rosati’s Pizza and chairman of the National Restaurant Association’s Pizzeria Council, meanwhile, adds that it’s tough to recreate a pizzeria-quality pie at home with a conventional home oven. Global Pizza Market Report 2019 - Market Size, Share, Price, Trend and Forecast is a professional and in-depth study on the current state of the global Pizza industry. In the article, Rob Gifford, NRAEF executive vice president, offered tips for recruiting and hiring younger employees: “Keep applications simple, user-friendly and easy to complete. Pizza Pizza. * Analyzing the outlook of the market with the recent trends and SWOT analysis Technology is something we all have to keep an eye on.”. “There have been recessions, but pizza always seems to do well even during those times, because we’re the one food that families can depend on—that can feed a family for a fairly decent price, that helps celebrate football games and birthdays and kids’ parties. PMQ China projects that Pizza Hut will open a whopping 1,000 new units throughout the country in 2019, while Papa John’s and Domino’s are estimated to open 50 new units each. The North America pizza market is expected to grow 10.2% in the next five years, PMQ Pizza Magazine reports. Other projected players include Sazeriya (Japan), Mr. Pizza (South Korea) and Dodo Pizza (Russia), planning to open 100, 50 and 20 new stores, respectively. Pizza industry projected growth rate worldwide 2019-2023, by region Domino's Pizza revenues in Germany 2005-2018 Distribution of restaurant pizza sales in the U.S. 2012-2014, by chain A June 2018 Morning Consult poll reported that “31% of U.S. adults order delivery at least somewhat often, and 67% ‘hardly ever’ or ‘never’ order in.” The study also indicated that 82% said they prefer to order directly from a restaurant, while only 13% utilize a third-party delivery service; 26% stated “quality of the food delivered” was the deciding factor in choosing a third-party delivery service. ... Press releases. “I’m totally fine with the minimum wage increase, as long as the consumer is willing to pay a little more.”. This year, Papa John’s expanded its presence in Central Asia and Eastern Europe with new stores in Kazakhstan, Kyrgyzstan and Poland. Bruce Irving of Smart Pizza Marketing believes that the consumer demand for healthier options is driving the demand for local pizzas vs. frozen options. At Dodo Pizza, we build our business on the principle of radical transparency. e-newsletter, Copyright 2020 PMQ. Reasons to Purchase this Report: And, if there’s one more trend that doesn’t look to be slowing, it’s the increased focus on technology. Domino's Pizza, Inc. operates as a pizza delivery company in the United States and internationally. “Surprise and delight,” the second element in Domino’s plan, included implementing a strategy of enabling customers to order from any of their favorite devices. 2018 Annual Report. However, this puts pressure on smaller independent pizzerias, which may lack the capital to invest in such new technologies, to keep up. Globally, Euromonitor estimates the largest annual growth rate through 2023 will be seen in Eastern Europe (23.54%) and the Asia … Pizza delivery giant’s increasing losses prompt plan to sell up and leave four markets Published: 17 Oct 2019 Domino's to pull out of Nordic countries and Switzerland PMQ China projects that Pizza Hut will open a whopping 1,000 new units throughout the country in 2019, while Papa John’s and Domino’s are estimated to open 50 new units each. * 1-year analyst support, along with the data support in excel format. But how do they feel about robots making their pies? 3.The report presents the company profile, product specifications, capacity, production value, and 2013-2018 market shares for key vendors. * North America Garcia also notes that Domino’s loyalty program rewards its best customers and keeps them away from the competition. Labor costs and shortages remained a frequent topic of discussion in 2018. At the same time, don’t forget that using healthy, quality ingredients will always be a core component of any successful pizzeria—though times may be a-changing, some consumer demands will always remain in fashion. At the same time, fast food was the preferred lunch destination by 35% of respondents in this year’s survey, an increase of 5% from the previous year.

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