Domino’s Pizza sees sharp 46.9% increase in Q3 2023 net income

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October 14, 2023

Domino’s Pizza reported a third-quarter (Q3) net income of $147.67 million for fiscal year (FY) 2023, marking a significant 46.9% growth compared to the $100.50 million earned during the same period in the previous year.

The rise in net income was attributed by the restaurant company to a $28.23 million pre-tax unrealized gain resulting from the revaluation of its investment in DPC Dash.

For the quarter concluding on October 10, 2023, the revenues declined by 3.9% to $1.02 billion, down from $1.06 billion in the third quarter of the previous year.

The company explained that the decrease in revenues was primarily a result of reduced supply chain income and diminished revenues from company-owned stores in the United States.

Operating income in the third quarter of 2023 rose by $13 million (a 7.4% increase) compared to the third quarter of the previous year, driven by elevated global franchise royalty revenues.

In the most recent quarter, diluted earnings per share (EPS) reached $4.18, marking a substantial 49.8% surge from the $2.79 reported during the corresponding period of the previous year.

In the latest quarter, Domino’s global retail sales were up 4.9%, excluding the positive impact of foreign currency and an increase of 5.1% was recorded without including the positive impact of foreign currency and the closure of the Russian market.

In Q3 2023, US same-store sales were down by 0.6%. However, international same-store sales grew by 3.3% in the period.

During the same quarter, the company had 218 gross store openings and 226 gross store closures.

Domino’s Pizza’s CEO Russell Weiner said, “We continue to execute on our initiatives to drive sustainable growth in the US.

“Our ‘Summer of Service’ initiative and the hard work of our franchisees and team members have brought delivery times back to pre-pandemic levels.

“Domino’s Rewards is engaging more customers, and our integration with Uber’s marketplace is on track. We are ready and excited to deliver the incremental orders both programs will bring in 2024 and beyond.”

For three-quarters of FY23, the company posted a net income of $361.82m against $293.96m in the same period last year. The total revenues for the three quarters of 2023 were $3.07bn against $3.14bn in the corresponding period in 2022.

Poultry giant LDC in talks to acquire Les Délices de Saint Léonard from Agromousquetaires Group

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October 14, 2023

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France-based poultry major LDC is currently in discussions regarding the acquisition of Les Délices de Saint Léonard from the Agromousquetaires Group.

As per a filing from LDC, the Les Délices de Saint Léonard factory, situated in the north-western region of France, specializes in the production of fresh and frozen pizzas, pancakes, quiches, and pies.

Since 2002, it has additionally been involved in the production of “club and maxi format” sandwiches, fresh snacks, and baguettes. According to LDC, the company boasts a turnover of nearly €50 million ($52.6 million) and sustains employment for 265 individuals.

The products of Les Délices de Saint Léonard are branded and marketed under Fiorini, Monique Ranou, Claude Léger, and Top Budget.

“Discussions with a view to its acquisition by the LDC Group are underway but there is currently nothing to define the outcome,” the poultry group added.

“Any significant information in this file, likely to be of interest to its shareholders and more generally to all investors, will be brought to the attention of the market, in accordance with regulations, by means of a press release.”

Agromousquetaires serves as the industrial hub of Groupement Les Mousquetaires, a prominent private-label manufacturer based in France. This subsidiary encompasses approximately 11,000 personnel across 70 industrial and logistics facilities, which include about 50 factories divided into six performance centers.

Established in 1968 through the amalgamation of the Lambert, Dodard, and Chancereul families, LDC is renowned for its notable brands, including Loué, Le Gaulois, Maître Coq, Poule et Toque, Marie, and Nature & Respect.

At present, the agri-food group boasts a network of 93 sites, 14 platforms, over 25,000 employees, and an annual revenue of €5.8 billion.

L’Opéra brings a taste of Paris to Delhi with its latest Art Café

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October 14, 2023

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L’Opéra, the renowned French bakery and patisserie chain, is thrilled to unveil its latest Art Café on MG Road in Delhi.

This marks the second iteration of the original concept, enhanced and expanded from its initial inauguration at Bikaner House by the Honourable Minister of State, Madam Neelakshi Lekhi, and H.E. Ambassador of France, Mr. Emmanuel Lenain.

L’Opéra has consistently embodied the essence of French Pâtisserie and Bakery in India, serving as a trailblazer by introducing the authentic French concept of “Salon de Thé” (Tea Room) to the heart of the Indian capital.

Every L’Opéra establishment is meticulously crafted and run to immerse guests and patrons in the heart of Paris, thanks to their sophisticated ambiance and exquisite offerings.

“The latest Art Cafés add an additional artistic element to the initial concept through the exhibition of original – very reasonably priced – artworks which are curated by the talented art expert Dr. Vladimir Zeitsev and available to be admired and purchased,” said Kazem Samandari, executive chairman of L’opera.

In the future, L’Opéra intends to host musical and literary events in its Art Cafés, enhancing both the artistic and culinary scene of Delhi-NCR.

Woodside Inn expands its legacy with the launch of Woodside Burger Shop, serving gourmet burgers to Mumbai

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October 14, 2023

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Mumbai now welcomes Woodside Burger Shop, the creative venture of Sumit Gambhir, Pankil Shah, and Abhishek Honawar, the brilliant minds behind the esteemed Woodside Inn, which boasts a 16-year legacy.

Throughout its history, Woodside Inn has consistently provided a delectable array of food and a wide selection of craft beers at its various establishments in Colaba, Andheri, and Bandra.

The celebrated pairing of beer and burgers gained such immense popularity that it gave birth to the Beer & Burger Festival, becoming an essential destination for Mumbai’s culinary connoisseurs.

The masterminds behind Woodside Inn have unveiled Woodside Burger Shop, a delivery-only kitchen committed to reviving the distinctive flavors of the iconic Woodside Inn burgers.

“People love the Woodside Inn burgers, so we wanted to bring a more accessible and delivery-centric option to cater to a larger audience along with the same freshness and flavor so that resulted in the birth of Woodside Burger Shop,” said Pankil Shah, Founder.

Their burger menu presents a variety of options, including the Signature Triple Tenderloin Smash Burger, the Chimichurri Grilled Chicken Burger featuring its zesty chimichurri sauce, the Goan Pork Chorizo Burger, which packs a spicy punch, and a side of perfectly seasoned fries.

Woodside Burger Shop employs premium ingredients, such as European-sourced cheese, house-made freshly baked multigrain buns, and homemade sauces.

“Our burgers are perfectly grilled each time. We are freshly flipped which means our patties aren’t frozen, or deep fried, but are freshly made and are simply the best option for a hearty meal at home” said Sumit Gambhir, Co-founder.

For the month of August, Woodside Burger Shop is showcasing their special ‘Green Feast’ Burger of the Month. This unique burger highlights a patty crafted from green amaranth, taro root, and cottage cheese, all served within a soft and fluffy millet bun.

It’s stacked with a tangy and fiery mint sauce, pickled jalapeños sprinkled with BBQ seasoning, golden cheddar cheese, and a delightful, house-made garlic mustard aioli that infuses a savory burst of flavor.

The offerings from Woodside Burger Shop can be conveniently ordered through delivery platforms like Swiggy and Zomato, serving the communities of Kalbadevi, Powai, and Worli.

KFC to mark 40th anniversary in South Korea with major franchise expansion

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October 14, 2023

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On Friday, KFC, the fast food chain, announced its plans to launch franchise store operations in South Korea next year, coinciding with the company’s 40th anniversary in the Asian nation.

This move comes in the wake of Orchestra Private Equity’s master franchise agreement with Yum! Brands, the parent company of KFC, which was established in January of this year. Back then, the Seoul-based private equity firm purchased the entire domestic operations of KFC from Korea’s KG Group, acquiring a 100% stake for 60 billion won ($44.5 million).

Approximately 200 KFC locations in South Korea are currently directly managed by the US parent company through a company-owned system.

In contrast, other prominent fast food chains in the country employ a combination of company-owned and franchise systems, boasting larger networks. The domestic burger franchise Mom’s Touch & Co. manages approximately 1,400 locations, while Lotte Group’s fast food chain, Lotteria, operates roughly 1,300 outlets. McDonald’s and Burger King, on the other hand, have around 400 and 470 establishments, respectively.

According to an industry insider in the food and beverage sector, franchise management offers cost-effectiveness and the potential for a rapid expansion of franchise outlets, whereas the company-owned system is deemed to be less cost-efficient.

“KFC Korea will also increase its small-box stores, which require less floor area than conventional outlets. The newly designed restaurants will enable more franchisees to open their businesses with less cost, particularly in smaller cities with lower populations,” a KFC official said.

The South Korean branch of the fast food chain inaugurated its initial compact store in Seoul just last month and is set to introduce two more in the city before the year’s end.

Tim Hortons continues its Indian expansion with first outlet in Pune

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October 14, 2023

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Canadian coffeehouse and restaurant chain Tim Hortons inaugurated its first Pune location on Friday, as confirmed by a company official in a social media post.

“Namaskar Pune! We are opening our first restaurant in Pune on 13th October, 5 pm at Balewadi High Street. Come, Say Hi, and experience our signature warmth and care,” said Ravi Makwana, chief marketing officer at Tim Hortons India in a LinkedIn post.

Pune marks the newest addition to the roster of cities served by the Toronto-based coffee chain, following in the footsteps of New Delhi, Mumbai, Chandigarh, Ludhiana, Bengaluru, and several others. This latest establishment can be found at Balewadi High Street in Pune, Maharashtra.

Just a year after Tim Hortons’ initial entry into the Indian market, the coffee retailer made its debut in South India by opening two outlets in Bengaluru.

In August 2022, Tim Hortons entered the Indian market with a debut that featured the launch of two outlets in the National Capital Region (NCR).

Tim Hortons has made its entry into the Indian market through an exclusive master franchise agreement with AG Café, a joint venture entity jointly owned by the retail conglomerate Apparel Group and Gateway Partners, an emerging markets alternative investment manager.

At present, the coffee retailer boasts a presence in more than 22 stores across India, spanning cities such as Bengaluru, New Delhi, Chandigarh, Gurugram, Noida, Ludhiana, Patiala, Bathinda, and Mumbai. Just two days ago, it celebrated the milestone of reaching 300 locations in both GCC (Gulf Cooperation Council) countries and India.

Tim Hortons is an international coffeehouse and restaurant chain headquartered in Toronto. Established in 1964 by Canadian hockey players Tim Horton and Jim Charade, the company is now globally managed by Restaurant Brands International Inc., overseeing more than 5,100 restaurants spanning 15 countries.

Puma India scores big with Mohammed Shami as brand ambassador for sports apparel

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October 14, 2023

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Mohammed Shami

Sports apparel company Puma announced on Friday that they have enlisted Team India’s quick bowler, Mohammed Shami, as their brand ambassador. This collaboration will see the Indian fast bowler promoting Puma’s range of footwear, apparel, and accessories through various activities and campaigns over the course of the year.

“Bringing Mohammed Shami into the Puma family reinforces our dedication to the sport of cricket. We strongly believe that Shami’s association with Puma will not only inspire fans and athletes but also drive our commitment to further sports culture in the country,” said Karthik Balagopalan, managing director of Puma India.

Puma’s roster of brand ambassadors features prominent Indian cricketers like Virat Kohli, Harmanpreet Kaur, and Harleen Deol, along with sprinting legend Usain Bolt, football stars Neymar Jr and Sunil Chhetri, boxing sensation MC Mary Kom, and para-shooting sensation Avani Lekhara.

“Just as every fast bowler in the world, I love speed and when you talk about speed, nothing beats forever faster Puma. While I strive for excellence on the cricket field, Puma continues to create path-breaking products that aid athletes like me to be the fastest in their game,” said Shami.

Shami marked his debut against the West Indies in 2013 at the Eden Gardens, where he impressively claimed nine wickets in the match, setting a record for the highest number of wickets taken by an Indian fast bowler on debut. Throughout his career, this right-arm fast bowler has participated in 64 Test matches, amassing 229 wickets with an average of 27.7.

Additionally, Puma has introduced a novel bowling spike featuring a specialized midsole designed to provide support for fast bowlers while catering to the needs of runners.

Established in 1948 by Rudolf Dassler, Puma is a global corporation engaged in the design and production of athletic and casual footwear, as well as apparel and accessories. This German-based conglomerate encompasses brands such as Puma, Cobra Golf, and stichd, and it distributes its product range across over 120 countries.

Puma made its foray into the Indian market in 2006, and as of August 9, 2023, it boasts a network of more than 582 stores across the nation.

Supermarket giant Sainsbury’s upping the ante with 22,000 new hires for Christmas season

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October 14, 2023

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Sainsbury’s, the British supermarket group, is planning to hire 22,000 temporary employees for the Christmas season, marking a 22% rise from the previous year. This move involves ramping up their workforce earlier than the typical seasonal schedule.

Being the United Kingdom’s second-largest grocery retailer after Tesco, the company has announced that its supermarket division will hire 20,000 employees, with an additional 2,000 to be added to its Argos general merchandise business.

Last year, the company brought in 18,000 new recruits.

“Sainsbury’s will welcome temporary colleagues earlier than usual this year, starting as early as this week,” it said in a statement on Thursday.

“This will ensure there are plenty of colleagues ready to help and serve customers, whether they like to plan ahead or leave their Christmas shopping to the last minute.”

Sainsbury’s stated that they had enhanced employee benefits for the holiday season, including an augmented staff discount and complimentary meals during working hours.

On Tuesday, market research firm Kantar reported that the unseasonably warm weather in Britain during September and the start of October had postponed the early sales of Christmas food.

Just earlier this week, Amazon UK announced the commencement of its recruitment drive for over 15,000 seasonal positions. In the preceding week, supermarket giants Morrisons and Aldi revealed their plans to hire an additional 3,500 and 3,000 staff, respectively, to meet the demands of the upcoming Christmas season.

Hell Energy announces cricket stars Shardul Thakur and Mohammad Shami as brand ambassadors, unveils limited-edition ‘Hell Cricket Crazy’ beverage

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October 14, 2023

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HELL ENERGY is proud to announce the signing of two prominent Indian cricketers, Shardul Thakur and Mohammad Shami, as their exclusive brand ambassadors. This partnership is a celebration of the deep-rooted passion for cricket in a nation where the sport holds a special place in the hearts of millions. In a joint effort, these two cricket stars have introduced a limited-edition energy beverage, HELL Cricket Crazy, to honor this shared enthusiasm for the game.

Shardul Thakur and Mohammad Shami are accomplished Indian cricketers, proudly donning the Indian national cricket team jersey in all formats of the game.

In its efforts to bolster its brand presence and show support for a variety of sporting events, HELL ENERGY previously co-sponsored the AT&T Williams Formula One Team during its early stages of international expansion. Furthermore, the brand exhibited its steadfast dedication to football by launching the special edition HELL Football Fanatic Drink, featuring refreshing tutti-fruity flavored energy beverages encased in football-themed aluminum cans.

Unnikannan Gangadharan, Country Head, “HELL ENERGY India said, “HELL ENERGY is a brand that has consistently supported sports through various partnerships and is loved by many for its deep connection. We are proud to associate ourselves with two outstanding cricketers during the most sought-after Cricket Tournament in 2023. The dynamism, style, and flair that these two cricketers exude fits the message that we want the brand to stand for with their undying passion for the game.”

Miniklub expands retail presence in Gujarat with two new stores in Rajkot and Jamnagar

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October 14, 2023

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Miniklub has recently opened two brand-new stores in Gujarat, with locations in Rajkot and Jamnagar. These spacious outlets, covering an area of more than 2000 square feet, provide an extensive selection of safe and comfortable clothing and various other items designed for children from newborns up to 8 years of age.

The addition of these two stores brings Miniklub’s total count to six outlets in Gujarat, underlining its unwavering dedication to supporting families in this dynamic state. The brand is steadfast in its belief that every child should enjoy the opportunity to look and feel their best, and these new stores play a pivotal role in bringing this vision to life for families in Gujarat. Miniklub’s offerings encompass a diverse range of newborn essentials, baby clothing, children’s fashion, footwear, toys, travel accessories, baby care products, and much more, all conveniently available under one roof, making it the preferred choice for parents in the city.

Founded in 2013, Miniklub, a part of the First Steps Babywear family, has rapidly evolved into a thriving omni-channel enterprise. Its footprint spans across more than 450 multi-brand outlets, prominent e-commerce platforms, and exclusive brand stores, available both in physical and online realms. This extensive expansion has reached 28 cities, with a remarkable count of 55 exclusive brand stores. At the heart of Miniklub’s mission lies a deep appreciation for childhood, emphasizing meticulous product design to prioritize the comfort and safety of infants. The brand is equally committed to sustainable manufacturing practices, ensuring that high-quality products reach the market with a sense of pride.

Besides its brick-and-mortar locations, Miniklub caters to customers across India via a range of e-commerce platforms, including Amazon, Myntra, Flipkart, Ajio, and its own direct-to-consumer (D2C) platform, miniklub.in.

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