Domino's Pizza, Inc. (NYSE:DPZ) Q3 2023 Earnings Conference Call October 12, 2023 8:30 AM ET

Company Participants

Ryan Goers - VP, Finance, IR

Russell Weiner - CEO

Sandeep Reddy - CFO

Conference Call Participants

Brian Bittner - Oppenheimer

Peter Saleh - BTIG

Sara Senatore - Bank of America

Dennis Geiger - UBS

John Ivankoe - JPMorgan

Andrew Strelzik - BMO Capital Markets

Chris Carril - RBC Capital Markets

David Palmer - Evercore ISI

Brian Harbour - Morgan Stanley

Andrew Charles - TD Cowen

Chris O'Cull - Stifel

Joshua Long - Stephens Inc.

Danilo Gargiulo - Bernstein

Greg Francfort - Guggenheim

Steven Gojak - Cleveland Research

Nick Setyan - Wedbush

David Tarantino - Baird

Jeffrey Bernstein - Barclays

Operator

Thank you for standing by and welcome to Domino's Third Quarter 2023 Earnings Conference Call. [Operator Instructions] As a reminder, today's program is being recorded.

And now, I'd like to introduce your host for today's program, Mr. Ryan Goers, Vice President-Finance, Investor Relations. Please go ahead, sir.

Ryan Goers

Good morning, everyone. Thank you for joining us today for our conversation regarding the results for the third quarter of 2023. Today's call will begin with our Chief Executive Officer, Russell Weiner; followed by our Chief Financial Officer, Sandeep Reddy. Russell and Sandeep will leave ample time for questions and discussion.

As this call is for our investor audience, members of the media and others should be in a listen-only mode. The forward-looking statements in this morning's earnings release and 10-Q also apply to our comments on the call today. Both of those documents are available on our website.

Actual results or trends could differ materially from our forecast. For more information, please refer to the risk factors discussed in our filings with the SEC. In addition, please refer to the 8-K earnings release to find disclosures and reconciliations of non-GAAP financial measures that maybe referenced on today's call.

We want to do our best this morning to accommodate as many of your questions as time permits. As such, we encourage you to ask only one, one-part question on this call. Today's conference call is being webcast and is also being recorded for replay via our website.

I'd now like to turn the call over to our Chief Executive Officer, Russell Weiner.

Russell Weiner

Thanks, Ryan, and good morning, everybody.

My remarks this morning will focus on several new initiatives that are designed to create significant shareholder value in the months and years ahead. We launched our new loyalty program, Domino’s Rewards on September 12. And here are some of the mechanics that are really meaningful to our current and prospective customers. First, we lowered the spend threshold to earn points from $10 down to $5, and this change will make us even more competitive in the carryout segment where ticket tends to be lower.