Domino's $16 Billion Pizza Disaster...What Happened?
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Domino's pizza is one of the largest pizza chains in the world only rivaled by Pizza Hut. 15 years ago, Domino's was in a very similar situation businesswise, but customer satisfactionwise, they were in the toilet. Domino's pizza was agreed to be some of the worst pizza out there, and the only reason people kept buying was due to their speed and convenience. Eventually, though, people hit a breaking point during the 2008 financial crisis and when customers scaled back on their pizzaeating during the recession, they permanently left Domino's. Over the next few years, Domino's stock crashed 92% while competitors had already recovered from the recession. Just as everything seemed lost though, a man named Patrick Doyle was promoted to being the CEO of Domino's and this marked the rebirth of Domino's. Patrick oversaw the reinvention of Domino's pizza, the embracement of their convenience roots, and a new focus on profit per store as opposed to more stores. Since then, Domino's has made a seismic recovery, and Domino's was actually the 2nd fastest growing stock throughout the 2010s beating out all of the tech giants. This video explains the fall and rise of Domino's and how they were able to outperform every company you can think of.
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Timestamps:
0:00Against All Odds
0:38Problems On Top Of Problems
3:30Reformation
9:46The Massive Gamble
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Logically Answered is centered around explaining the economics of tech and social media. These sectors are generally analyzed through the lenses of finance and economics to determine which industries and companies will thrive and which will fall. In addition to this analysis, the content is often focused on the stories of various famous entrepreneurs such as Elon Musk, Steve Jobs, and Jeff Bezos. Logically Answered also cover the rise and fall of several interesting companies and services that we come across on a daytoday basis. There have been so many companies that have risen to fame and then died out in a single generation. The most interesting companies are the ones that were able to save themselves and avoid bankruptcy. Feel free to follow the podcast if you would like to see any of these topics Logically Answered.Find Logically Answered on YouTube: https://www.youtube.com/@LogicallyAnswered/Disclaimer: This podcast is an independently created audio adaptation of content originally published by Logically Answered. This is a fan made podcast that appreciates the channel’s insightful approach to knowledge and aims to make it accessible to those who prefer listening over watching. This podcast is not affiliated with, endorsed by, or officially connected to Logically Answered in any way. All rights to the original content belong to Logically Answered. If you have any concerns, please reach out.
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