Welcome to a new episode of Opening Bid on Filtered, I'm Yahoo Finance executive editor Brian Sozzi. We're here at the Nasdaq in Times Square, one of my favorite places to be, and about to talk to one of my favorite food companies in the game. I want to bring in Insomnia Cookies founder and CEO Seth Berkowitz.Seth, good to see you here. Um one of your locations opened up on my house. So, this really inspired me when Babylon Babylon, Long Island, and I get it. I just get it.Well, the timing couldn't be bette ...

Good news for delivery drivers https://t.co/n1WIGkQdgM ...

Business Focus - Irish drone startup aims for 1 million deliveries per year [1]

Healthcare & Delivery - Walmart is providing rapid delivery services for temperature-sensitive medications, including Ozempic and insulin [1]

Supply Chain Basics - A supply chain encompasses sourcing, manufacturing, and delivery, connecting a company to its suppliers and customers [1] - The supply chain process details how a product transitions from concept to consumer [1]

Business Expansion & Partnerships - The company is expanding its autonomous delivery service to more urban areas, currently operating in Los Angeles, Chicago, Miami, and Helsinki, with plans for further expansion [1] - The company has established partnerships with DoorDash, Uber Eats in the US, and Waltz in Helsinki, Finland, indicating a collaborative approach to market penetration [2] - The company aims to build the best autonomous vehicle to move goods around cities, making it cheaper for customers and merchants [1] Technology & Cost - The company emphasizes the importance of technology working well enough to deliver goods at a high quality, particularly for time-sensitive items like food and groceries [3][4] - A key requirement is for the cost of autonomous delivery to be lower than that of human drivers to make economic sense [4] - The company has achieved technological readiness in Los Angeles and is now focused on scaling up the service to reach more people [4] Regulatory & Public Perception - The company has good relationships with the cities it operates in, and half the states in the US have passed legislation to allow autonomous vehicle operation [5] - The company is seeing a trend in Europe to adopt autonomous delivery due to driver shortages and high delivery costs [5] - The company actively manages public perception, even geofencing areas with active protests, and has observed positive community interactions with its robots [11][12] Competitive Landscape & Market Dynamics - The company acknowledges that the current competition primarily consists of gig workers using cars for delivery [13] - The company believes the timing is right for autonomous delivery due to advancements in AI, increased consumer demand, and rising delivery costs [14][15][16] - The company reports seemingly unlimited demand for its product and is focused on rapidly increasing production [16] Data & AI - The company has accumulated millions of miles of delivery data, including over 500,000 deliveries in challenging urban environments [17] - The company leverages a rich dataset, including video data and remote operator interventions, to train its AI system for reliable food delivery [18] - The company emphasizes that the AI must be highly effective, as even a 20-minute delay would render the service impractical [19]

Core Insights - Domino's customers are increasingly opting for carryout instead of delivery to save money, reflecting a broader trend of seeking value in food orders [1][3] - The company's delivery comparable sales fell by 1.5% in the first quarter, while carryout sales rose by 1% [2] - Overall comparable sales for Domino's decreased by 0.5%, which was slightly below expectations [2] Financial Performance - In the quarter ended March 24, Domino's delivery comparable sales declined by 1.5%, while carryout comparable sales increased by 1% [2] - The overall comparable sales for the quarter fell by 0.5%, which was noted as slightly below expectations by the CFO [2] Market Trends - Customers are increasingly concerned about inflation and potential price increases due to US tariffs, leading to a greater focus on value [3] - The delivery business is being impacted by macroeconomic pressures affecting low-income consumers [3] Future Outlook - Despite current challenges, Domino's expects a 3% rise in comparable sales in the US for the entirety of 2025, although macro pressures could hinder this goal [4] - The company is continuing to invest in delivery services, including a new partnership with DoorDash and ongoing collaboration with Uber Eats [6]