Leading UK and Ireland pizza group Domino's (DOM) has updated including noting “trading in the period prior to the lockdown was robust” and that since “increase in sales from delivery more than offset the lack of sales from collection” – the shares are though currently more than 7% lower, heading towards 300p. Hmmm...
The power of a twitter witch hunt by the woke mob should not be underestimated. It can, in the current climate, ruin lives and careers, erase history and crush businesses. It does not need to have any factual basis at all. In New York this morning, trending on twitter was #BoycottDominos. This will astound you.
If I write about anything that is consumer-facing on this website, you can bet somewhere in the text will be a semi-funny joke about why I have not contributed directly to said company's corporate results because I am almost personally post-consumption. Naturally, that does not apply to the rest of the family and because my excuse about the importance of the global corporate earnings season was wearing a bit thin this school holiday, in lieu of a holiday to the Costa del Horrible, the Domino's Pizza (DOM) online capability has recently acquired a new customer…
I neutralised my bearish tone towards pizza behemoth Domino's Pizza (DOM) back in mid-March, observing that 'I actually doubt the shares are going materially lower from here given Domino's brilliance at digital sales and the like'. As a tactical call that would have worked out fine in the intervening couple of months but there is a good test today after a slightly strange Q1 results publication…
On £325,000 a year life is sweet for David Bauernfeind, the CFO of Domino's Pizza (DOM). Ok, franchisees are in revolt and the shares have tanked by 30% over the past year so you'd have thought as he weighed his salary he'd be busy fighting fires. Au contraire, go to his twitter account @dbauernfeinduk and you will find that he is tweeting like a dervish, not with special offers of two pizzas tasting of cardboard for £19.99 but about Brexit. If you are one of the 17.4 million who voted for Brexit what you will see will shock you, for this fat cat seems to despise we little people and jokes about our death. I, for one, will #BoycottDominos and you may wish to consider whether you want to support the bloated pay packet of a man who looks down on you in this way.
Did you listen to Tom's Bearcast yesterday? The section i particularly liked concerned the comparison of Domino Pizza's (DOM) annual franchisee jamboree to a Billy Graham convention which - i am guessing because unsurprisingly I have never attended one - is completely spot-on in terms of the hoped-for fervour of the room.








