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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11 Articles
11 Articles
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Coverage Details
Total News Sources11
Leaning Left0Leaning Right5Center3Last UpdatedBias Distribution63% Right
Bias Distribution
- 63% of the sources lean Right
63% Right
C 38%
R 63%
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