Brief: Domino's Pizza Enterprises Will Close Up To 80 Low Volume Stores Following Review In Japan

Dominos Pizza Enterprises

17/07/2024 08:19

July 17 (Reuters) - Domino's Pizza Enterprises Ltd
 DMP.AX :
    * WILL CLOSE UP TO 80 (NOT 802) LOW VOLUME STORES FOLLOWING
REVIEW
IN JAPAN 
    * EXPECTS A RETURN TO POSITIVE SAME STORE SALES IN JAPAN IN
FY25
    * SEES STORE GROWTH TO BE FLAT TO SLIGHTLY POSITIVE IN FY25,
STEPPING UP TO 3-4% (NET GROWTH) IN FY26
    * DOMINO’S WILL CLOSE UP TO 80 LOW VOLUME STORES IN JAPAN
    * BOTH FY25 AND FY26 STORE OPENINGS ARE BELOW 3-5 YEAR
OUTLOOK OF
+7-9% NEW STORE OPENINGS
    * MEDIUM-TERM SAME STORE SALES OUTLOOK OF 3-6% ACROSS GROUP
IS
UNCHANGED
    * DOMINO’S FRANCE ANTICIPATES TARGETING A NET 10-20 STORE
REDUCTION IN  FY25
    * CONTINUES TO BELIEVE LONG-TERM OUTLOOKS FOR ITS MARKETS
REMAINS
APPROPRIATE

Further company coverage:  DMP.AX 

 ((Reuters.Briefs@thomsonreuters.com;))