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Domino’s is handing out bonuses to its 11,500 hourly employees this month, the company said on Monday.
The largest pizza slinger in the US earmarked $9.6 million for its frontline workers at its corporate-owned stores and supply chain facilities, and some could receive as much as $1,200 per person, the company said.
The company also said it’s hiring another 30,000 workers in the US. The vast majority of Domino’s employees are employed by independent franchise owners, the company said.
It’s the second such bonus Domino’s has given employees during the pandemic. The company has also offered paid time off to its front-line workers this year.
Demand for pizza has been strong during the pandemic, particularly deliveries and takeout orders, for which analysts say Domino’s and its hundreds of take-out only locations are particularly well suited.
Robust earnings during the pandemic have sent shares of Domino’s up nearly 30 percent this year – almost twice as much as the S&P 500 index.
“We have the honor and privilege of being open and operating throughout the US during this crisis, and we recognize that we could not be doing it without the hard work and dedication of our team members,” Domino’s chief executive Ritch Allison said in a statement. “This is our way of saying thank you to these remarkable people.”
Domino’s shares on Monday were recently up 0.5 percent at $384.92.