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Tech companies are winning the restaurant battle.
Last week Domino’s (DPZ) posted same store sales of 13% when they reported earnings.
50% of Domino’s orders are digital orders.
You can order Domino’s
* Amazon Echo
* mobile device
* smart watches
* smart TVs
Today Panera Bread (PNRA) is up 5% after-hours after reporting earnings.
It had 3.4% increase in same store sales.
In-store kiosks speed up the order process and helps people avoid long lines.
You can order up to 5 days ahead with the Panera app and pick up your phone when it’s ready. You will get a notification on your app when it’s ready (plus a text message)
There are 22 million My Panera members. They generate 50% of all sales in the Panera Bread restaurants.
Panera raised 4th quarter guidance.
13% of their locations now offer delivery.
Starbucks (SBUX) will report earnings next Thursday November 3, 2016.
Starbucks has been a leader with it’s loyalty program (Starbucks Rewards) and mobile payments.
These 3 restaurants are using technology to stay ahead of their peers.
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