Word: dominos
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Dates: during 1990-1999
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...sale marked the end of one of the most colorful and controversial stewardships of a pizza company--or for that matter any other type of business. Monaghan, a devout Roman Catholic and an antiabortion crusader, has for years been drifting away from Domino's, which he founded with his brother in 1960, toward charitable pursuits at home and in foreign countries. He has opened a mission in Honduras and supervised construction of a cathedral in Nicaragua. More recently Monaghan has bankrolled Catholic elementary schools in Ann Arbor, Mich., and a Catholic liberal arts college in nearby Ypsilanti. "He loves...
...none of those extravagances really made him happy. So in 1989 Monaghan took a two-year leave from Domino's to devote himself to Catholic charities and soon began to dump his toys. (The Tigers went to Little Caesars owner Michael Ilitch in 1992 for $85 million.) "Most of the time I was buying things to get attention, to have people notice me," Monaghan once remarked. "That's the sin of pride, the worst sin of all, and I'm the guiltiest person...
When a debt-laden Domino's foundered in 1992, Monaghan returned to restructure the company and revive its fortunes. Domino's falling market share turned up again, and its worldwide sales have grown impressively--from $2.2 billion in 1993 to $3.2 billion last year. In his farewell letter to employees, Monaghan wrote--with perhaps a touch of pride--that the new owners of Domino's "are not buying a company in crisis, needing change to survive." Not at all. For years it was the flamboyant Monaghan himself who was in crisis, making his departure from Domino's only the latest...
...passions, the truth these days is that Papa John's has been eating everyone else's lunch. The company has nearly doubled its market share in the past two years, to 4.1%--grabbing away business from No. 1 Pizza Hut and No. 3 Little Caesars and battling delivery king Domino's. Papa John's (1997 sales: $868 million) is the only one of the four largest pizza chains whose slice of the pie has grown at double-digit rates over the past five years. Profits? Papa John's earnings jumped 45% last year and are on track for at least...
Schnatter, 36, who gets visibly excited when talking about the sugar-acid ratio in his pizza, which gives Papa John's pies a distinctively sweet flavor, puts simplicity above all else. Pizza Hut offers more variety; Domino's stresses fast delivery; and Little Caesars sells the least expensive pies. Papa John's has no seating, offers just two types of pizza--no salads, sandwiches or buffalo wings--and remakes any pies that rate less than an 8 on the company's 10-point scale. If the cheese shows a single air bubble or the crust is not golden brown...