Domino's Pizza Inc at Oppenheimer Consumer Growth and E-Commerce Conference (Virtual) Transcript

Jun 14, 2023 / 07:45PM GMT
Brian John Bittner - Oppenheimer & Co. Inc., Research Division - MD & Senior Analyst

Good afternoon, everybody. I'm Brian Bittner, the restaurant analyst at Oppenheimer, and we are thrilled to have Domino's Pizza back at our 2023 Consumer Conference. Domino's doesn't really need an introduction, but it is the largest pizza company in the world with over 20,000 stores in 90-plus markets. And while Domino's has a strong track record of impressive growth, we believe there remains an attractive opportunity for AUV and unit expansion upside moving forward, both internationally and domestically.

And at Oppenheimer, we have an outperformed rating with a $375 price target on the stock and we believe shares present an attractive risk reward at current levels, particularly as the company builds a path to improve its delivery business all while continuing to execute against an incremental and very significant carryout opportunity.

So with that, as an introduction, I'm really excited to have from the company Sandeep Reddy, the Chief Financial Officer, who joined Domino's in April of 2022 as

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