Domino’s Pizza had a particularly strong year in 2020, thanks to the pandemic. Surging sales of its pizza helped the company generate $491 million in profits for the full year, or $12 for every share.
None of those profits, however, came from the process of delivering its pizzas to consumers—at least if you ask the company’s executives.
“In 60 years,” CFO Stuart Levy said on Thursday, “we’ve never made a dollar delivering a pizza. We make money on the product, but we don’t make money on the delivery.”