Tag: pizza

ice cream, pizza and Krispy Kreme doughnuts

As we continue to slog through the economic fallout from the coronavirus crisis, with no immediate financial relief expected, the Texas Restaurant Association says 25% of the restaurants in Texas could close before the end of the year.

Here are four restaurant groups that have announced closures in Dallas-Fort Worth. Note that some appear to be temporary.

10 Krispy Kremes in D-FW

Most of the Krispy Kreme doughnut shops in North Texas are “temporarily closed,” according to signs on the doors and notes on the company website. One Krispy Kreme in North Texas, in Westworth Village west of Fort Worth, appears to be open.

We asked reps from Krispy Kreme why the shops are closed or when they might reopen. Spokespeople did not respond to repeated requests for comment.

The 10 temporarily closed Krispy Kremes are in (or on): Allen, Arlington, Cedar Hill, Dallas’ Greenville Avenue, Dallas’ Marsh Lane, Frisco, Grapevine, Mesquite, Richardson and Watauga. If you’re looking for other doughnut shops in Dallas-Fort Worth, check out this list of options we published for National Donut Day in June.

Top Pot Doughnuts and Coffee in Dallas and Richardson

When Top Pot expanded to Dallas from Seattle, a Washington native put it like this: "This is kind of a big deal." The restaurants were open for several years, in several areas of Dallas and Richardson, before they closed in 2020.
When Top Pot expanded to Dallas from Seattle, a Washington native put it like this: “This is kind of a big deal.” The restaurants were open for several years, in several areas of Dallas and Richardson, before they closed in 2020.(Robert W. Hart / Special Contributor)

Beloved Seattle doughnut shop Top Pot has shuttered all of its cafes in North Texas. The closures were originally temporary, scheduled at the end of March as the pandemic threatened food and beverage companies. But Top Pot co-counder Mark Klebeck confirmed in early October that the closures are permanent.

The restaurants were on Lower Greenville in Dallas, at Hillcrest and Northwest Highway in Dallas’ Preston

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Domino’s Pizza Inc (DPZ) Q3 2020 Earnings Call Transcript

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Image source: The Motley Fool.

Domino’s Pizza Inc (NYSE: DPZ)
Q3 2020 Earnings Call
Oct 8, 2020, 10:00 a.m. ET

Contents:

  • Prepared Remarks
  • Questions and Answers
  • Call Participants

Prepared Remarks:

Operator

Ladies and gentlemen, thank you for standing by and welcome to the Third Quarter 2020 Domino’s Pizza, Incorporated Earnings Conference Call. [Operator Instructions]

And now I will hand the conference over to your speaker today, Chris Brandon, Director of Investor Relations. Please go ahead.

Chris Brandon — Director of Investor Relations

Appreciate that Carmen and good morning, everyone. Thank you for joining us for our conversation today regarding the results of our third quarter 2020. I’m also joined today by our Vice President of Finance, Michelle Hook, who recently took on an expanded role within our finance organization that includes oversight of our Investor Relations function in addition to her other responsibilities.

Today’s call will feature commentary from Chief Executive Officer, Ritch Allison; and Chief Financial Officer, Stu Levy. As this call is primarily for our investor audience, I ask all members of the media and others to be in a listen-only mode. I want to remind everyone that the forward-looking statements in this morning’s earnings earnings release and 10-Q also apply to our comments on the call today. Both of those documents are available on our website. Actual results or trends could differ materially from our forecasts. For more information, please refer to the risk factors discussed in our filings with the SEC.

In addition, please refer to the 8-K earnings released to find disclosures and reconciliations of non-GAAP financial measures that may be referenced on today’s call. Our request to our coverage analysts, we, as always want to do our best to accommodate all of you today, so we encourage you to ask only one one-part

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EARNINGS-Domino’s quarterly profit misses even as pandemic boosts pizza demand

Recasts throughout with shares, estimates

Oct 8 (Reuters) – Domino’s Pizza Inc DPZ.N reported a smaller-than-expected profit on Thursday, as high COVID-19-related costs and staff bonuses offset a jump in demand for pizzas during the coronavirus crisis.

Shares of the Ann Arbor, Michigan-based company, which have risen about 47% this year, were down about 5% before the bell.

The world’s largest pizza chain has thrived during the health crisis as diners staying at home craved more comfort food, but that came at a cost for the company, which spent millions on hiring more staff, bonuses, sick-pay policies and sanitary supplies.

Still, sales at Domino’s U.S. stores open for more than a year rose 17.5% in the third quarter ended Sept. 6, exceeding Wall Street estimates of 13.14%, according to IBES data from Refinitiv.

The resumption of sports leagues such as the National Basketball Association and the National Hockey League has also boosted demand for pies and chicken wings.

Domino’s has been focusing on tech innovations and has also broadened its menu with additions such as chicken tacos and cheeseburger pizzas in order to keep its customers from switching to rivals McDonald’s MCD.N, Papa John’s PZZA.O and Pizza Hut YUM.N, among others.

The company reported net income of $99.1 million, or $2.49 per share, compared with $86.4 million, or $2.05 per share, a year earlier.

Wall Street analysts had forecast earnings of $2.79 per share.

General and administrative costs rose 9.5% to $91.7 million. The pizza chain spent $108.1 million, a 20.8% rise, on advertising in the United States in the quarter.

Total revenue rose 17.9% to $967.7 million, beating expectations of about $953 million.

(Reporting by Nivedita Balu in Bengaluru; Editing by Aditya Soni and Krishna Chandra Eluri)

(([email protected]; within U.S. +1 646 223 8780; outside U.S.

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Regeneron, JPMorgan, Domino’s Pizza: 5 Things You Must Know

Here are five things you must know for Thursday, Oct. 8:

1. — Stock Futures Rise on Stimulus Optimism

Stock futures traded higher Thursday as Wall Street grew more optimistic lawmakers could secure further fiscal stimulus for the U.S. economy even if it comes in the form of smaller relief bills.

Contracts linked to the Dow Jones Industrial Average were up 105 points, S&P 500 futures gained 13 points and Nasdaq futures rose 65 points.

Stocks finished sharply higher Wednesday after President Donald Trump said he would consider alternative aid measures such as a new round of stimulus checks, the Paycheck Protection Program and support for airlines. House Speaker Nancy Pelosi also signaled support for a standalone airline stimulus bill.

Airlines have begun furloughing or laying off workers following the expiration of a federal prohibition on job cuts tied to the $25 billion in federal aid they received earlier this year. Airlines said they would reverse the furloughs if they received additional help.

“Even though there is uncertainty now about the fiscal stimulus negotiations, regardless of who wins the election, we are likely to have additional fiscal stimulus,” said Nancy Davis, founder of Quadratic Capital and portfolio manager of the Quadratic Interest Rate Volatility and Inflation Hedge ETF  (IVOL) – Get Report.

With the uncertainty, she added, “I think it’s important for investors to have a diversified portfolio, with investments that are uncorrelated to each other. We should expect more uncertainty going forward.”

2. — Thursday’s Calendar: Jobless Claims, Domino’s Pizza Earnings

The economic calendar in the U.S. Thursday includes weekly Jobless Claims at 8:30 a.m. ET. Economists forecast the number of Americans applying for first-time unemployment benefits last week to have dipped to 819,000 from 837,000 a week earlier. Data from California aren’t included in the

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How Much Money Do You Want To Open A Pizza Place

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