By DEE-ANN DURBIN Business Writer AP
ANN ARBOR, Mich. (AP) – Domino’s, a company seemingly tailor-made for a pandemic, has not been spared a phenomenon that plagues nearly every employer this summer: a severe shortage of workers.
The world’s largest pizza chain has been a star on Wall Street this year with revenues rising as millions have taken refuge in their homes and ordered plenty of pizza.
Investors sent the company’s shares to record highs over the summer.
On Thursday, however, for the first time in more than a decade, Domino’s Pizza Inc. said sales in established stores were heading in the wrong direction, falling 1.9% in the third quarter. In the same three-month period last year, same-store sales rose an unprecedented 17.5%.
The company also cited pandemic aid money from the United States which ran out in the last quarter, but the company’s goal in Ann Arbor, Mich. Is to find enough employees to keep the pies flowing.
Domino’s has taken steps to attract cooks, drivers and cashiers, but delivery times have grown longer, a potentially dangerous trend in an environment of fierce competition with delivery apps like DoorDash and Uber Eats.
âWe believe staffing may remain a significant challenge in the short term as the job market continues to evolve,â Allison said Thursday.