Itâs Flag Day in the US, always a perfect day to remember one of the best marketing gimmicks ever: In 1892, Francis Bellamy wrote the âPledge of Allegianceâ to get stars and stripes waving in schools nationwide â while working for a magazine that offered free flags to attract subscribers. Well played, Francis.
In todayâs email:
Pizza: We neednât say more â youâre reading this one.
Weird week: Developers who need dates, and more wild stories.
Around the web: A memory game, how to engage your team in meetings, a dadâs best efforts, and more.
đ Listen: Brainstorming solutions for pizzaâs sales slump.
The Big Idea
Pizza â yes, that pizza, the greatest food there is â is a âstagnantâ business
It may be the culinary worldâs finest genre, but pizza is now also its slowest-growing one.
2024-06-14T00:00:00Z
Ben Berkley
Have you ever dipped your toes in flowing lava? Have you ever fallen off a ladder into a pile of fire ants? Really hope not on both counts, but only then would you understand the excruciating pain we feel in relaying this newsâŚ
Pizza, beloved like a family member in these circles, has been called âa slow-growth market,â perNationâs Restaurant News.
Say it ainât soâŚ
Alas, the worldâs favorite saucy circles have come down from their pandemic-fueled bonanza period:
Pizza sellers saw the slowest sales growth among all restaurant segments included in Technomicâs annual restaurant report.
Last year, âza scored only a 3% gain, less than half the 7.1% industry average.
That sluggishness was reflected in the sales growth of Americaâs four biggest pizza chains â Dominoâs, Pizza Hut, Little Caesars, and Papa Johns â which all landed in the low single digits last year.
For Papa Johns and Pizza Hut, Q1 2024 didnât move in a better direction, with 2% and 6% drops in same-store sales, respectively.
Itâs not all bad: Dominoâs, ever upping its delivery game, has been the most impervious to these challenges (its same-store sales grew 5.6% in Q1).
OK, but pizza is still delicious, so⌠why the stagnancy?
The most simple explanation is that other restaurants caught up in convenience, loosening pizzaâs once-total grip on food delivery and takeaway orders.
Drive-thru orders now constitute two-thirds of all fast-food purchases, perThe New York Times, and thatâs got leading chains moving faster, adding pickup lanes, and expanding digital ordering options. (Some can even get their Wendyâs fix via drone delivery.)
Pizza has always won by being fast and easy, but now theyâre competing with the likes of Taco Bell on speed â the chainâs drive-thru service, Americaâs fastest, clocks an average of 278.84 seconds.
Our tip for the pizza biz: Just get TikTok all worked up about Biloxi, Mississippiâs pizza topping of choice â French dressing â and everyone under age 25 will be ordering Biloxi-style pies left and right.
Free Resource
Book a flight â be at INBOUND
A brief list of people prepping world-shaking speeches as we speak:
Serena Williams, the Grand Slam champion of the universe
Ryan Reynolds, Deadpool AKA Mint Mobile Man in the flesh
Kara Swisher, the tech journalism legend and Burn Book author
Do we really need to pitch this? If youâd like to be where 10k+ brilliant people converge to network with the best and feast from a heavenly array of food trucks, yeah, that just makes a lot of sense.
Please be at INBOUND, where the collective brainpower could probably run a mid-sized country.
Tesla shareholders said yes to CEO Elon Muskâs $56B compensation package. The pay was tossed out by a Delaware judge in January, but now itâs back and Delawareâs the one thatâs been tossed out instead: Shareholders also voted to move the EV makerâs legal home to Texas.
SNIPPETS
UK retailers filed a ~$1.3B class action lawsuit against Amazon, claiming it undercuts third-party sellers by releasing and promoting cheaper versions of their most popular products.
Eight former SpaceX employees are suing the company and CEO Elon Musk for sexual harassment and gender discrimination. The suit accuses Musk of âtreating women as sexual objects to be evaluated on their bra size.â
LinkedIn added new AI job hunting tools for #OpentoWork premium subscribers, including an AI that writes applications and cover letters.
Wells Fargofired 12+ employees last month for allegedly using devices to stimulate keyboard and mouse activity instead of working.
A Florida jury decided that Chiquita Brands should pay ~$38.3m to the families of eight men killed by a Colombian paramilitary group â which Chiquita funded â between 1997 and 2004.
D2C scrubs company Figshired Lululemon veteran Sarah Oughtred as its new CFO. Figs has struggled amid competition, including from Lululemon competitor Fabletics.
Fox Sports will now air the Indianapolis 500. NBC Sports had the deal with IndyCar for 16 years, but it ditched its NBCSN channel in 2021, moving most sports to Peacock or other cable channels.
The 73k fans at Taylor Swiftâs Edinburgh concert last Friday danced so intensely that the British Geological Survey recorded seismic activity from 3.7 miles away. Her 17-show UK tour is projected to add $1.2B to the countryâs economy.
Don't miss this...
As if the job market wasnât tough enough, AI is throwing another curveball: Thanks to new AI recruitment tools like Apriora and GPT Vetting, your next interviewer might be AI-generated.
Toolbox
End your week on a high note with these expert tips from across our media network. (Or leave the tabs open til Monday. Youâve done enough work this week.)
đ Read: The AIDA model â attention, interest, desire, and action â forms the backbone of many great marketing strategies. Learn why it works and how to use it.
đ Watch: Roberto Nixon, known for his viral Kanye clone video, talks about the ways AI has forever disrupted the music industry.
đ§ Listen: Pick up a few proven secrets behind content creation thatâll help you capture and keep attention.
That was odd
Weird week: Even the elephants canât escape AI
Plus: Bathroom timers, microdosing mishaps, and devs who need dates.
2024-06-14T00:00:00Z
Ben Berkley
Elephants apparently have names â but no, not like "Dumbo" or "Babar." Instead, they identify one another using distinct low grumbles, according to a new study from the journal Nature Ecology & Evolution. Researchers used AI to decode 469 vocalizations from elephants in Kenya and found that individuals responded to specific calls, making them the first nonhuman animals observed to use name-calling like we do â i.e., by assigning abstract sounds to objects. As for the trumpet-y sounds they make? Those are likely just emotional outbursts.
Some mushroom chocolates are sending people on a trip... to the hospital. The FDA and CDC have both issued warnings against eating Diamond Shruumz-branded products after its âmicrodosingâ chocolate bars left multiple people hospitalized. At least 12 people across eight states have reported symptoms ranging from seizures and fainting to nausea and hypertension. Despite the branding, the company said its products contain nootropic mushrooms but no actual psychedelic substances.
You know whatâs worse than a long bathroom line? Having to explain whatâs taking you so long. Chinaâs Yungang Grottoes â a UNESCO World Heritage Site that saw a record 3m visitors in 2023 â recently installed timers on its bathroom stalls. Some netizens have questioned the new tech, like why the park didnât just invest in adding more bathrooms, but the update reportedly isnât meant to rush people. Instead, according to park staff, itâs to â[ensure] the well-being of all guestsâ: Apparently, someone being in a stall too long could indicate an emergency (though a bathroom emergency is probably not something you want strangers checking in on you about).
To be better at their jobs, these developers will need to spice up their nonexistent love lives. Since its 2020 release, users of the RPG game âTroubleshooter: Abandoned Childrenâ have expressed their desire for a dating feature, but the gameâs developers have struggled to produce one. Why? According to one developer, the teamâs members âhave no experience with [dating], even in real life.â Welp â art really does imitate life.
Fit The Bill
There are thousands of companies valued at $1B+. How many clues do you need to identify todayâs billion-dollar brand?
Clue 1: If youâve ever taken a road trip in America, youâve likely shared asphalt with this leading LTL logistics company. We knew all along that LTL (less than truckload) shipping moves cargo weighing between 150 and 15k pounds that doesnât require a full trailer, but thought youâd appreciate the reminder.
Clue 2: The EPA recognized this logistics company for being conscious of its environmental impact and energy efficiency. In addition to being âgreen,â many of this companyâs 11k+ trucks are literally green.
Clue 3: This company started in 1934 with just a single vehicle traveling between two Virginia cities (Richmond and Norfolk), but despite that history â and despite its name â its current HQ is in Thomasville, North Carolina.
đ Scroll to the bottom for the answer đ
AROUND THE WEB
đ On this day: In 1775, the Continental Congress founded what would become the US Army.
đ§âđť How to: get your team to participate in meetings.
đď¸ Newsletter:WealthFit covers everything you never learned in school about money, investing, and entrepreneurship, but wish you did.