Dominos Pizza to Shut Down Around 100 Fast Food Outlets to Improve Profits

Published on July 19, 2024

Domino’s Pizza will close around 100 fast food outlets in Japan and France following a review of sales and operations. The news sent the company’s share price tumbling 8 percent on the Australian Stock Exchange (ASX: DMP) on July 18. However, the fast food outlet reported ongoing positive performance in Australia, New Zealand, Germany, and Singapore. Performance also improved in Belgium, Netherlands and Luxembourg. Domino’s opened its first Australian store in Springwood, Queensland in 1983. Domino’s now has 728 stores across Australia as of July 2024. The pizza chain advised (pdf) the market it will close 80 “low volume” stores in Japan following a review of locations, which will be offset by 20 new stores at higher potential locations....

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