Domino’s serves up earnings downgrade, restructure

  • 📰 FinancialReview
  • ⏱ Reading Time:
  • 23 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 12%
  • Publisher: 90%

Indonesia Berita Berita

Indonesia Berita Terbaru,Indonesia Berita utama

The company said about 65 to 70 underperforming sites have been open for some time but are not expected to reach sustainable levels of sales or profitability.

“Competition makes us better,” Mr Meij said. Domino’s has 51 per cent market share of all pizza consumed in Australia.

Domino’s will cull its corporate store network of about 913 stores, by 15 per cent to 20 per cent, shutting underperforming sites and accelerating the re-franchising of corporate stores already in turnaround mode. With the closure of 65 to 70 underperforming sites, Domino’s expects to save as much as $20 million.

The company also conceded the 2024 store rollout will be below the 8 per cent to 10 per cent medium-term average.

 

Terima kasih atas komentar Anda. Komentar Anda akan dipublikasikan setelah ditinjau.
Berita ini telah kami rangkum agar Anda dapat membacanya dengan cepat. Jika Anda tertarik dengan beritanya, Anda dapat membaca teks lengkapnya di sini. Baca lebih lajut:

 /  🏆 2. in İD

Indonesia Berita Terbaru, Indonesia Berita utama