“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.
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