Domino’s to Shut 205 Stores, but Shares Soar 22 Percent
- Domino's Pizza will close 205 underperforming stores globally, including 172 in Japan, to sharpen market focus and boost profit.
- The closures are expected to result in annual savings of $15.5 million and a boost in earnings before interest and tax of $10 to $12 million.
- Domino's shares soared more than 22 percent on the ASX following the announcement of the closures.
- Group CEO Mark van Dyck stated, 'Where change is required, we are acting quickly and transparently.
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Domino's Australia franchise surges on store closures, upbeat start to second half of fiscal 2025
Shares of Australia's Domino's Pizza Enterprises were heading for their biggest intraday jump ever on Friday, after the pizza chain operator flagged the closure of 205 loss-making stores and signalled a positive start to the second half of fiscal 2025.
[NHK] The Australian company that operates the major pizza chain Domino's Pizza has announced that it will close 172 stores in Japan to improve profits.
Domino’s to Shut 205 Stores, but Shares Soar 22 Percent
Domino’s Pizza will close 205 underperforming stores globally, including 172 in Japan, to sharpen market focus and boost profit. On the back of this news, the company’s share price soared more than 22 percent on the Australian Stock Exchange (ASX) as of Feb. 7. Domino’s predicts an underlying net profit before tax of between $84 (US$53 million) to $86 million (pdf) for the first half of the 2025 financial year. The fast food outlet is undertakin…
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