Domino’s franchise-owned locations are looking to hire about 1,000 new team members in the Greater Chicago area. The new hires will come across more than 100 stores in the region. The positions include delivery drivers, customer service representatives, assistant managers and managers.
In a statement released today, Domino’s attributed the need for additional team members to the increased demand for deliveries. Reece Arroyave, a Chicago-area Domino’s franchise owner commented on behalf of Domino’s. “While many local, state, and federal rules are closing dine-in restaurants, the opportunity to feed our neighbors through delivery and carryout continues,” said Arroyave. “We want to make sure we’re not only providing food to people, but also delivering opportunity to those who are looking for work.”
The pandemic demand comes on the heels of lowered earnings expectations. In October 2019, Domino’s reported fiscal third-quarter net income of $86.4 million (or $2.05 per share). The amount was up from $84.1 million, or $1.95 per share, a year earlier. Analysts surveyed by Refinitiv were expecting Domino’s to earn $2.07 per share.
Domino’s updated Q3 outlook forecasted the next two to three years. The pizza giant lowered its expected sales growth to a range of 7% to 10%. The range was down from 8% to 12%.
It also dropped its long-term forecast for domestic and international same-store sales growth. The pizza chain expected U.S. same-store sales growth in a range of 2% to 5%, down from a prior range of 3% to 6%. The outlook for international same-store sales growth was slashed from a range of 3% to 6% to a range of 1% to 4%.
Presumably the chain will see a bump in demand in similar metropolitan areas as a result of the pandemic.
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