Domino's continues to win the pizza wars, with Little Caesars trailing not too far behind, along with Papa Johns.
While Pizza Hut has long been seen as the king of pizza, that just isn't the case any longer.
Only a few weeks ago, the Hut announced that they would be closing at least 500 stores of their currently more than 7,000 around the United States.
In 2018, Domino's saw sales of $15.8 billion, compared to Pizza Hut which saw roughly $12.2 billion.
Right now, the majority of the sales that Pizza Hut is seeing are coming from take-out and delivery orders, people aren't interested in sitting down and eating dinner out much these days.
The trend continues to decline, with more and more people opting to eat at home and use third-party delivery services or other options. To respond to that growing trend, Pizza Hut has many sit-down locations that it will be looking to change or close.
Of the more than 7,000 locations around the United States, more than 6,000 of them are traditional sit down restaurants. But they've only announced just recently that they'd be closing around 500 of them for now.
But while many of the locations might soon be closing, which has prompted some to become worried about the future of the Hut, others insist that they hope to still be at the locations they are now for decades still to come. Some of the Pizza Hut locations, like the one in Mountain Home, still have a thriving sit-down business and that one particularly is one of the busiest franchise restaurant locations.
Over time though, it's imagined that Pizza Hut will slowly transform their stores to be more like Domino's are today, focusing mostly on carry-out and delivery only.
There might be many other pizza options available on the market today, but it's clear that for many Domino's and Pizza Hut remain a favorite.
Back in 2016, the two of them together accounted for almost 70% of gross sales, for the top 10 pizza companies combined.
How the Domino's store mostly looks right now, you can see from the image below, the main focus is take-out and delivery and it's been working for them very well. Eventually, Pizza Hut might transform their locations to look a lot like that design, leaving little to no room for sit-down eating options that many are familiar with when they visit the Hut.
In 2017 it's estimated that 350 slices of pizza were eaten every second.
Increasingly, people are wanting their food as fast and conveniently as they can get it, whether that's delivery via drone, robot, or ordering via the computer or their phone etc. The companies that can give them the best options with the best price and most convenience etc, are going to be the ones that win at the end of the day. It's expected that the worldwide pizza market will reach $230 billion by 2023 with a variety of factors fueling that rise, including escalating disposable income, growing urban populations, and rising pizza franchisees, among other factors.
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This is not to be taken as financial advice, and has been posted for informational purposes only.
