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

October 8, 2020
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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

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

October 8, 2020
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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 14 points and Nasdaq futures rose 85 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

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Pizza Hut creditors to vote on restaurant closure plan

September 27, 2020
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The UK arm of the pizza chain will be the latest restaurant franchise to attempt to push through restaurant closures. Photo: Karol Serewis/SOPA Images/LightRocket via Getty
The UK arm of the pizza chain will be the latest restaurant franchise to attempt to push through restaurant closures. Photo: Karol Serewis/SOPA Images/LightRocket via Getty

Creditors and landlords at Pizza Hut, are due to close the vote on the chain’s company voluntary arrangement (CVA) restructuring plan on Monday.

The UK arm of the pizza chain will be the latest franchise to attempt to push through restaurant closures, with the deal also securing the company major rent cuts on its remaining sites.

If passed, the deal will result in the permanent closure of 29 of Pizza Hut UK’s 244 restaurants, putting around 450 jobs at risk, adding the chain to a long list of UK restaurant casualties.

Earlier this month, the Pizza Huts Restaurant Group, which runs the dine-in Pizza Hut franchise in the UK said COVID-19 had caused “significant disruption.”

Sales are not expected to “fully bounce back” until

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