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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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Australian Financial Review broke the news in Sydney, Australia on Thursday, February 6, 2025.
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