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Tag: Domino

  • Domino’s Pizza China Gains Momentum: Soars High with Expanding Network, Innovative Menu, and Soaring Customer Loyalty

    Domino’s Pizza China Gains Momentum: Soars High with Expanding Network, Innovative Menu, and Soaring Customer Loyalty

    Domino’s Pizza China (DPC Dash) has reported a robust performance for the first quarter as it continues to grow its customer base and expand its operations. DPC Dash holds the master franchise rights for Domino’s in Mainland China, Hong Kong, and Macau.

    By the end of March, DPC Dash had increased its total number of stores to 1,462 in 72 cities, marking a net increase of 147 stores and an extension into 12 new cities compared to the end of the previous year. The number of new stores, stores under construction, and stores signed account for 65% of the company’s annual target of 350 new stores. The company’s primary growth engine has become non-tier 1 cities, while tier 1 cities continue to contribute to a high-quality revenue base.

    The company’s loyalty program saw considerable growth, with membership numbers rising to 38.8 million by the end of the quarter, up from 27.2 million during the same period the previous year.

    DPC Dash now holds all of the top 50 positions for first 30-day sales among Domino’s more than 22,100 globally located stores. In terms of the number of stores, the Chinese mainland market remains the third largest international market for the chain.

    DPC Dash continues to follow a “go broader, go deeper” expansion strategy to increase its market share. This involves penetrating further into existing cities and expanding into new areas.

    Product innovation remains a key focus for the company, with the introduction of globally inspired flavors such as the limited-edition Yak Beef Matsutake Ham Fortune Pizza released for the Year of the Horse New Year celebration. The company also revived the “Mega Week” promotion and extended the “Crazy Tuesday & Wednesday” offer to boost customer footfall.

    The company’s strong execution, appealing store economics, and operational efficiency continue to drive robust performance in a highly competitive landscape, creating sustainable, long-term value for shareholders, according to the management.

    Questions & Answers

    What is the expansion strategy of DPC Dash in China?
    The company follows a ‘go broader, go deeper’ strategy, which involves penetrating further into existing cities and expanding into new markets.

    How many new stores did DPC Dash open in the first quarter?
    In the first quarter, DPC Dash opened 147 new stores, extending its reach to 72 cities in total.

    What product innovations has DPC Dash introduced recently?
    The company introduced globally inspired flavors such as the limited-edition Yak Beef Matsutake Ham Fortune Pizza for the Year of the Horse New Year. It also brought back the “Mega Week” promotion and extended the “Crazy Tuesday & Wednesday” offer to increase customer footfall.

  • Domino’s China Ignites Growth with Aggressive Store Expansion: A Story of Record Revenues and National Penetration

    Domino’s China Ignites Growth with Aggressive Store Expansion: A Story of Record Revenues and National Penetration

    DPC Dash, the franchisee responsible for operating Domino’s outlets across China, has announced significant revenue growth and an ambitious store expansion campaign throughout the country in 2025.

    Impressive Revenue Growth

    DPC Dash declared a 24.8% rise in revenue on a year-over-year basis, amounting to RMB 5.38 billion, equivalent to approximately US$778 million. This robust growth is a testament to the company’s thriving operations and successful market strategies.

    ‘Go Deeper, Go Broader’

    In terms of expansion, the company has continued to adopt a disciplined strategy titled ‘Go Deeper, Go Broader’. This strategy involves penetrating deeper into existing cities while also stretching out to new locations. Aileen Wang, CEO of DPC Dash, confirmed this during the earnings call, stating that the company had effectively extended its infiltration in existing cities and extended its footprint to new areas.

    Strong performance was observed in the newly opened stores within these growth markets. These outlets have recorded average daily sales that surpass the historical averages, thereby illustrating the appealing unit economics and capital efficiency of the franchise’s development model.

    Aggressive Expansion and Store Performance

    DPC Dash launched 307 additional stores in 2025, thereby entering 21 new cities and expanding its network to a total of 1315 stores across 60 cities. The franchise’s Tier 1 city markets witnessed positive same-store sales growth throughout the year. Furthermore, the first 30-day sales records of new stores held all top spots globally within Domino’s records as of the end of January.

    Helen Wu, CFO of DPC Dash, highlighted the company’s gains in efficiency and the benefits of scale, stating that these elements have enhanced profitability and laid a robust foundation for long-lasting, sustainable success.

    Loyalty Program and Future Plans

    DPC Dash also reported a surge in engagement in its loyalty program, which grew by 45.3% in 2025, up from 24.5 million members in 2024 to 35.6 million members.

    Looking forward, DPC Dash plans to inaugurate approximately 350 new stores in the fiscal year 2026. As of March 20, the company has already opened 140 new stores, with 14 under construction and 65 signed for future development.

    Questions & Answers

    What is DPC Dash’s ‘Go Deeper, Go Broader’ strategy?
    This is a disciplined expansion plan that focuses on deepening the penetration into existing cities and extending reach into new markets.

    What is the overall growth of DPC Dash’s loyalty program?
    The company’s loyalty program grew by 45.3% in 2025, reaching a total of 35.6 million members.

    What are the future expansion plans of DPC Dash?
    DPC Dash plans to open approximately 350 new stores in the fiscal year 2026, with a significant number already opened, under construction or assigned for future development.

  • Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China Celebrates Expansion Success with 1400th Store Milestone

    Domino’s Pizza China (DPC Dash) has successfully surpassed its 1400th store landmark as it steadily propels the progression of its network.

    DPC Dash is identified as the sole master franchisee for Domino’s Pizza in Mainland China, Hong Kong, and Macau. The company recently inaugurated its 1405th store in Sanya, located in the Hainan Province. This establishment not only denotes its entrance into the 72nd city within the Chinese Mainland but also aligns with its marker on the Hong Kong Stock Exchange (1405.HK).

    According to DPC Dash, this milestone symbolizes the triumph of its ‘go broader, go deeper’ expansion strategy for its store network and the robust customer demand for the pizza brand. This accomplishment comes after the company’s impressive performance the previous year, during which it added 307 new stores net and broadened its reach into 21 new cities.

    The company has stated that it will persist with further developing its 4D strategy, which includes ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to tap into China’s market consumption potential while ensuring continuous innovation and sustainable operations.

    Questions & Answers

    What is Domino’s Pizza China’s (DPC Dash) expansion strategy?
    – Domino’s Pizza China or DPC Dash follows a ‘go broader, go deeper’ expansion strategy. This method focuses on increasing the number of stores and expanding into new cities.

    What is the 4D strategy that Domino’s Pizza China (DPC Dash) is focusing on?
    – The company’s 4D strategy consists of ‘Development, Delicious Pizza at Value, Delivery, and Digital’. This approach aims to capitalize on the potential of China’s market consumption while maintaining continuous innovation and sustainable operations.

    What recent milestone has Domino’s Pizza China (DPC Dash) achieved?
    – The company recently surpassed its 1400-store milestone, with the opening of its 1405th store in Sanya, located in the Hainan Province. This accomplishment also marked its entrance into the 72nd city in the Chinese Mainland.

  • Domino’s Pizza China Hits 1,300 Store Milestone Amid Rapid Expansion Across the Mainland

    Domino’s Pizza China Hits 1,300 Store Milestone Amid Rapid Expansion Across the Mainland

    Dominos Pizza China, also known as DPC Dash, continued to expand its reach in the previous year, opening hundreds of new locations and strengthening its presence across mainland China.

    Franchise Expansion in Greater China

    DPC Dash holds the exclusive rights to operate Domino’s Pizza in the Chinese mainland, Hong Kong, and Macau. The company closed the previous year with 1,315 outlets, marking an increase of 307 new stores. In addition, the company expanded its geographical presence into 21 new cities, bringing its total coverage to 60 cities nationwide.

    The growth momentum has continued into the current year, with 62 new outlets already opened in 46 cities within the first month.

    Strategy for Growth

    According to DPC Dash, the successful results can be attributed to their “go broader, go deeper” strategy. This strategy blends geographical expansion with initiatives to build customer loyalty. The methods employed to increase customer loyalty include enhancing store density, innovating product offerings, and making operational improvements.

    The company expressed its intent to continue exploring local market consumption potential and optimise operational efficiency in the future.

    Questions & Answers

    What is DPC Dash’s strategy for expansion?
    DPC Dash employs a “go broader, go deeper” strategy for expansion. This involves geographical expansion coupled with initiatives to build customer loyalty through increased store density, product innovation, and operational improvements.

    What was DPC Dash’s expansion rate in the previous year?
    In the previous year, DPC Dash opened 307 new stores, increasing its total outlets in the Chinese mainland, Hong Kong, and Macau to 1,315.

    How many new cities did DPC Dash extend its footprint to in the previous year?
    DPC Dash entered 21 new cities in the previous year, bringing its overall presence to 60 cities across the nation.

  • Domino’s Pizza China Hits Milestone with Over 1300 Stores, Continues Aggressive Expansion Strategy

    Domino’s Pizza China Hits Milestone with Over 1300 Stores, Continues Aggressive Expansion Strategy

    In 2025, Domino’s Pizza China, also known as DPC Dash, boosted its expansion efforts by opening hundreds of new stores, increasing its presence throughout Mainland China. DPC Dash holds the exclusive master franchise rights for Domino’s Pizza in mainland China, Hong Kong, and Macau.

    By the end of 2020, DPC Dash had a total of 1,315 stores, owing to the successful launch of 307 new locations. The company also ventured into 21 new cities, expanding its reach to 60 cities nationwide.

    This upward trend continues into the new year, with the company inaugurating 62 additional stores in 46 cities in just the first month.

    The impressive results achieved by DPC Dash are a testament to its strategic approach, labeled “go broader, go deeper.” This strategy merges geographic growth with initiatives aimed at enhancing customer loyalty. These initiatives include increasing store density, introducing new products, and improving operational procedures.

    Looking forward, DPC Dash plans to further delve into the local market to analyze consumption potential and enhance operational efficiency.

    Questions & Answers

    What is DPC Dash’s strategy for expansion in China?

    DPC Dash uses a “go broader, go deeper” strategy which emphasises both geographical expansion and building customer loyalty.

    How many new stores did DPC Dash open in 2020?

    DPC Dash opened 307 new stores in 2025.

    How many cities does DPC Dash currently have a presence in?

    As of the beginning of the new year, DPC Dash has expanded to a total of 60 cities across China.

  • Domino’s Pizza China Reports Record Half-year Revenue, Loyalty Program Membership Soars

    Domino’s Pizza China Reports Record Half-year Revenue, Loyalty Program Membership Soars

    Domino’s Pizza in China has announced an impressive 27% surge in its half-yearly revenue, reaching RMB2.59 billion (US$363.2 million). This continued the firm’s trend of double-digit growth year on year.

    Impressive Profit Growth

    The company’s net profit growth was also highly commendable, registering an increase of 504.4% to RMB65.9 million. Additionally, the adjusted net profit saw a significant increase of 79.6% year on year, reaching RMB91.42 million.

    Loyalty Program Boost

    The first half of the year saw 30.1 million people signing up for Domino’s China’s loyalty program, representing a substantial 55.2% increase compared to the previous year. The revenue generated by the loyalty members constituted an increased percentage of the company’s total revenue, moving from 63.6% to 66%. This development indicates a growing scale, and a deepening engagement and loyalty from the customers.

    Expanding Store Network

    Since the third quarter of 2017, Domino’s China has been rapidly expanding its store network through its ‘go-deeper, go-broader’ approach. This has led to the company increasing its store count from merely 100 stores to 1198 stores spread across 48 cities on the Chinese mainland.

    Domino’s attributes its successful expansion to stringent site evaluation standards. The company ensures that each new store meets the requirements for long-term profitability. This has helped the firm maintain its store closure rate below the industry benchmarks.

    Questions & Answers

    What was the increase in Domino’s Pizza China’s half-year revenue?
    The half-year revenue of Domino’s Pizza China increased by 27%, amounting to RMB2.59 billion (US$363.2 million).

    How many people signed up for Domino’s China’s loyalty program in the first half of the year?
    In the first half of the year, 30.1 million people signed up for Domino’s China’s loyalty program.

    How many stores does Domino’s China currently have?
    Domino’s China currently has 1198 stores across 48 cities on the Chinese mainland.

  • Domino’s Pizza China crosses 1000-store milestone, eyes 300 more this year

    Domino’s Pizza China crosses 1000-store milestone, eyes 300 more this year

    Domino’s Pizza China (DPC Dash) plans to open about 300 new locations this year after its store count reached 1000 late last year.

    The company opened its 1000th store in Chengdu in November. As of December 31, it raised its network to 1008 and became Domino’s third-largest international market by store count.

    DPC Dash recorded 240 net new stores last year, meeting its annual target as part of the “Go Deeper, Go Broader” strategy. In 2025 and 2026, the chain plans to open approximately 300 and 350 new stores, respectively.

    Store performance was also encouraging, with same-store sales growth remaining positive in the fourth quarter. This also marked the 30th consecutive quarter of positive comparables since the current management took over in 2017.

    Loyalty program members reached 24.5 million and 11.7 million new customers were recorded last year.

    In terms of product innovation, the company said it had launched a series of new dishes and will introduce several more this year.

    Looking ahead, DPC Dash said it will continue to advance its expansion plans and improve operational efficiency for sustainable development. The firm also aims to provide consumers with higher-quality products and services and create long-term value for shareholders.

    DPC Dash is Domino’s Pizza’s exclusive master franchisee in Mainland China, Hong Kong, and Macau.

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  • Domino’s chooses Made With Plants mozzarella for vegan pizzas

    Domino’s chooses Made With Plants mozzarella for vegan pizzas

    Domino’s is now using Made With Plants‘ dairy-free and gluten-free mozzarella for its vegan pizzas across Australia.

    The pizza chain has been serving plant-based pizzas since 2019. Its vegan-friendly offerings include pizza variants Spicy Veg Supreme and Vegan Margherita and sides such as vegan cheesy garlic bread.

    “At Domino’s, we’re passionate about choice,” said Michael Treacy, head of new product development at Domino’s ANZ.

    “As the world’s best bonding food, it’s important that all our customers can share in the joy of pizza, regardless of their religious, ethical, dietary or lifestyle choices, which is why we’re proud to offer a new and improved vegan cheese.”

    Made With Plants mozzarella is also now available at select Domino’s stores and at Coles and Woolworths supermarkets.

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  • Domino’s chooses Made With Plants mozzarella for vegan pizzas

    Domino’s chooses Made With Plants mozzarella for vegan pizzas

    Domino’s is now using Made With Plants‘ dairy-free and gluten-free mozzarella for its vegan pizzas across Australia.

    The pizza chain has been serving plant-based pizzas since 2019. Its vegan-friendly offerings include pizza variants Spicy Veg Supreme and Vegan Margherita and sides such as vegan cheesy garlic bread.

    “At Domino’s, we’re passionate about choice,” said Michael Treacy, head of new product development at Domino’s ANZ.

    “As the world’s best bonding food, it’s important that all our customers can share in the joy of pizza, regardless of their religious, ethical, dietary or lifestyle choices, which is why we’re proud to offer a new and improved vegan cheese.”

    Made With Plants mozzarella is also now available at select Domino’s stores and at Coles and Woolworths supermarkets.

  • Domino’s Pizza hits 1000 store milestone in Japan

    Domino’s Pizza hits 1000 store milestone in Japan

    Domino’s Pizza Enterprises (DPE) has reached a mega 1000 stores in Japan. This milestone makes the Japanese market the largest by store footprint for DPE. It is also the third largest Domino’s market outside of the US, after India and the UK.

    Domino’s entered the Japanese market in 1985 and DE bought a majority stake in 2013.

    Four years later the Aussie-based business acquired the remaining 25 percent.

    DE group CEO and managing director Don Mei reflected on the majority investment a decade ago.

    “We knew Japan was an opportunity like no other, but pizza purchasing behaviour was quite different to our other market.”

    Pizza was viewed as a premium, occasion product rather than an everyday purchase.

    “At the time, Domino’s only operated in 17 of Japan’s 47 prefectures and only 43 of its 259 stores were franchised. We could see we had extremely experienced operators, but without the means to grow,” Meij said.

    Today local franchisees own and operate more than half (626) of the stores. APAC CEO Josh Kilimnik said “We’re seeing more store managers wanting to franchise and more franchisees wanting to become multi-unit franchisees.”

    An official ribbon-cutting ceremony marked the milestone event. The opening of the 100th store at Koto Furuishiba in Tokyo was attended by Mei and Kilimnik, along with the CEO of Domino’s Pizza Japan Martin Steenks and Domino’s Pizza Japan founder Ernest M Higa.

    “Reaching 1,000 stores is a very significant milestone, not only for Japan, but for Domino’s globally,” Meij said.

    “The team in Japan are continually inspiring us all with what’s possible – whether it’s raising the bar in operational excellence or creating some of the most exciting menu innovations on the planet. They have become true world leaders.”

    Kilimnik, who served as Domino’s Japan CEO and president between 2018 and 2022, commented on the key drivers of the business.

    He pointed to a revitalised menu with premium pizzas alongside a value offer, the implementation of a dynamic online ordering system, and investment in people.

    Domino’s Japan CEO Martin Steenks said the goal is to be the number one pizza company across all of Japan’s 47 prefectures. Currently it has the biggest store count in 30 prefectures.

    Steenks said.”We are very confident we will be celebrating 2,000 stores in Japan within the next decade.”

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  • Domino’s app has a new feature that will deliver pizza to places without an address

    Domino’s app has a new feature that will deliver pizza to places without an address

    So let’s say you’re at a nondescript park playing in a pick-up softball game and after the game is over, you want to reward your teammates by ordering a few pizza pies. However, there is a little problem. The park you’re at doesn’t have a name and there isn’t an address for it that you know of. Well, if you order your pizza from the Domino’s app, you’re still okay even if you don’t have an address to accompany your order.
    That’s because Domino’s Pizza announced today a new feature called Pinpoint Delivery that when selected as a delivery option on the Domino’s app will allow the user to drop a pin on a map. This will allow the world’s largest pizza company to deliver a Pizza to a park (like our example), a baseball field (also part of our example), the beach, a pool, a campfire and other locations. If you don’t mind sharing your pizza with seagulls, this could prove to be a great idea.

    Christopher Thomas-Moore, Domino’s senior vice president – chief digital officer, said, “Domino’s is proud to be the first quick-service restaurant brand in the U.S. to deliver food to customers with the drop of a pin. We’re always striving to make customers’ experiences even better and more convenient, and Domino’s Pinpoint Delivery does exactly that.” The Pinpoint Delivery feature allows Domino’s to deliver to “a countless number of dynamically created hyper-local spots without a typical address.”

    While using this feature, consumers will still be able to track their order using Domino’s Tracker, see the GPS location of the driver, and have an ESTPA (estimated time of pizza arrival). When the driver arrives at the pickup spot, the customer will receive an alert. After the alert is received, the customer will activate a visual signal on his phone to help the driver spot him.
    Domino’s says “Domino’s Pinpoint locations are delivery locations without traditional addresses selected by customers who order online, pre-pay with credit, debit, or Domino’s gift cards, and agree to receive up to five text notifications that provide updates on their order. Customers and delivery experts will meet at specific locations designated in the Domino’s app that may be adjacent to places like parks, baseball fields, and beaches. Message and data rates may apply.”
    So the next time you’re lying on a towel at the beach and you get a message from your stomach that it wants you to order a pizza, using the Domino’s app and Pinpoint Delivery can make it happen. You can download the Domino’s app for iOS by tapping on this link, or for your Android phone by clicking on this link.
  • Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza Enterprises is raising to $165 million in fresh capital as it moves to full ownership of its pizza business in Germany, seven years after it made a foray into that market in a joint venture with its British stablemate.

    The Australian-listed pizza group made an original buyout of Joey’s Pizza chain in Germany in 2015 in conjunction with a British Domino’s Pizza entity. That joint venture followed up in 2017 with the acquisition of Hallo Pizza in Germany.

    The Australian-listed business is now buying out the remaining one-third of the joint venture entity, with funds raised via a $150 million placement and a $15 million share purchase plan.

    There are 412 Domino’s outlets in Germany, where soaring energy costs significantly drag the economy because of its dependence on gas from Russia. That has been upended after the Russian invasion of Ukraine.

    Chief executive Don Meij said on Thursday that Germany offered long-term solid growth prospects. In the short term, the company was trying to emphasize the value of its pizza meal offers, positioning them as cheaper for a family of four than burger and chicken chains.

    At its annual meeting, the broader group warned a month ago that overall profits in the first half would be “materially lower” than a year ago.

    Mr. Meij said on Thursday there had been little change in trading conditions since the trading update on November 2. “The business continues to track to plan,” he said.

    The final price in the placement will be determined via a book build, but there is an underwritten floor price of $65.05. This compares with a closing price of $66.38 on November 30. Domino’s shares went to a trading halt on Thursday.

    The company’s shares were trading at $164 in mid-September last year before inflation started to rise and input costs jumped.

    In August, the company expanded in Asia with the acquisition of 287 stores in Malaysia, Singapore and Cambodia in a deal with an upfront price of $214 million, in what was the biggest acquisition in the company’s history. The Malaysia, Singapore and Cambodia businesses had also been trading in line with expectations, the company said.

    The capital raising comes after Domino’s outlined three weeks ago that it had received an option exercise notice from Domino’s Pizza Group Plc requiring the purchase of all of its shares in the German joint venture.

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  • Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza buys German, Asian businesses for $150m

    Domino’s Pizza Enterprises is set to acquire the balance of its German joint venture operations for $150 million.

    The acquisition will be funded by an institutional placement of about 2.3 million new shares at $66.38 per share, indicating strong support from existing and new investors. Eligible shareholders will also be invited to apply for up to $30,000 worth of new shares.

    The pizza chain says it will use the money to expand its global footprint while any surplus funds will be used for debt retirement.

    Domino’s Pizza Enterprises CEO, Don Meij, said the support from new and existing institutional investors reflected shareholder feedback before the capital raising.

    “We look forward to acquiring full ownership in Domino’s Pizza Germany and continuing to build the momentum across our network and delivering value to our customers, team members, franchisees and investors.”

    The company has also completed the acquisition of its Domino’s Malaysia and Singapore businesses while the purchase of its Cambodian subsidiary is pending regulatory approval, which will be completed early next year.

    The former CEO of Domino’s Belgium and Luxembourg business, Ringo Joannes, will now take charge of these Asian markets.

    The international expansion is part of a rapid expansion program by the pizza company, which recently announced plans to open another 10 stores across Australia and New Zealand before the end of the year.

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  • Domino’s Pizza buys businesses in three SEA markets

    Domino’s Pizza buys businesses in three SEA markets

    Domino’s Pizza Malaysia is set to become part of the largest Domino’s network outside of the United States (US) via a proposed acquisition by Domino’s Pizza Enterprises Ltd (DPE).

    DPE is an Australian-based group that operates more than 3,400 Domino’s stores in ten markets around the world.

    DPE has entered into a binding agreement with Mikenwill (M) Sdn Bhd, which owns 100 per cent of

    Dommal Food Services Sdn Bhd, the master franchise holder in Malaysia; and Impress Foods Pte Ltd, which owns 100 per cent of Domino’s Pizza Singapore and 65 per cent of Domino’s Pizza Cambodia; as well as minority shareholders in Cambodia for the remaining 35 per cent stake.

    “This will see DPE acquiring 100 per cent of the Domino’s Pizza businesses in Malaysia, Singapore, and Cambodia, comprising 287 corporate stores across these markets.

    “The binding agreement entails the acquisition of the corporate stores and franchise rights held by Mikenwill (M) Sdn Bhd and Impress Foods Pte Ltd. The acquisition is expected to be completed by the end of 2022,” the pizza maker said in a statement today.

    Domino’s Pizza Malaysia, Singapore, and Cambodia group chief executive officer Ba U Shan-Ting said in tandem with the acquisition, the company aims to expand the number of stores to more than 600 over the long term, setting it on the path to becoming the largest pizza chain in the three countries.

    Domino’s Pizza Malaysia is the largest Domino’s market in Southeast Asia, managed by Dommal Food Services Sdn Bhd with 240 stores in the country while Impress Foods Pte Ltd manages the Singapore and Cambodia markets with 38 and nine stores respectively.

    “DPE’s latest strategic acquisition of Malaysia, Singapore, and Cambodia is in line with its ongoing expansion plans, particularly in Asia.

    “DPE’s impressive track record is reflected in its extensive international footprint which began in the Australian market, with Taiwan being the most recent addition to its portfolio, bringing its total presence to 13 countries around the world.

    “DPE aims to achieve a store count of 3,000 stores in Asia by 2033,” the company said.

     

     

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  • Domino’s Pizza China operator applies for Hong Kong listing

    Domino’s Pizza China operator applies for Hong Kong listing

    The operator of Domino’s Pizza in China, DPC Dash, has filed for Hong Kong stock exchange listing to expand its footprint in China.

    However, it was not clear how much the company was aiming to raise in its Hong Kong listing. The company is currently Domino’s Pizza master franchisee in Mainland China, operating 485 stores across 10 cities. More than half of the stores are located in Beijing and Shanghai.

    DPC Dash said it plans to increase its footprint in the country with 120 new stores slated to open this year followed by 180 stores next year.

    “Given the vast number of potential store locations in China, we expect we will continue to open new stores at a rapid pace in 2024 and 2025,” the company said in its online filing.

    DPC Dash recorded 45.9-per-cent year-on-year growth in revenue last year, reaching US$251.5 million. Despite an 18.7 per cent increase in same-store sales, the company has experienced a net loss for each of the past three years, which according to the filing, resulted from extensive store openings, marketing, staff training and technology.

    The company also said operations at some of its stores in Shanghai and Shenzhen have been adversely impacted since mid-March of this year as a result of local governments implementing temporary lockdowns and travel restrictions.

    According to The Frost & Sullivan Report, China pizza market was worth $1.6 billion in 2020 and is expected to reach $9.79 billion by 2025.

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