Domino's Pizza (DPZ -1.47%) announced it was rewarding over 11,500 front-line employees this month by paying out $9.6 million in bonuses, a gesture that could see eligible workers in its company-owned stores and supply chain operations receive as much as $1,200.
It's the second time this year the world's largest pizzeria has rewarded its employees during the pandemic.
Image source: Domino's Pizza.
Sharing the wealth
Because Domino's business is built on delivery and takeout, it was perfectly positioned to benefit from the lockdowns that allowed restaurants to only utilize their off-premise offerings, if they had any.
CEO Ritch Allison said in a statement, "We have the honor and privilege of being open and operating throughout the U.S. during this crisis, and we recognize that we could not be doing it without the hard work and dedication of our team members. This is our way of saying thank you to these remarkable people."
Domino's has also said it is looking to hire 30,000 additional workers as demand remains elevated and workers elsewhere have lost their jobs because of the shutdowns.
The pizza chain announced in October its third-quarter global sales jumped almost 15% from last year on a 17.5% surge in comparable store sales in the U.S. Net profits were up 21.5% for the period. Year-to-date revenue is up 12% from the same time last year.
Shares of Domino's are up 30% this year.
