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Savings programme helps Domino’s weather global turbulence

New Zealand and Australian pizza chain stores posted a record result.

Improving the profitability of franchisees is the key to growth, the company says.

Key points
  • Revenue: Up 2% to A$2.38 billion for the year to June. 
  • Profit: Down 1.9% to A$120.4 million. 
  • Main takeaway: Domino’s has been in cost cutting and restructuring mode, and this shored up the result. The growth outlook for the next two years is flat.  

Global fast food group Domino’s Pizza has posted a slight fall in after tax profits while also pocketing A$50.2 million in savings from a restructuring programme.

Domino’s, which has 898 stores in New Zealand and Australia and major operations in Europe and Asia, announced a 1.9% fall in net

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Lachlan Colquhoun Wed, 21 Aug 2024
Contact the Writer: lachlan@nbr.co.nz
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Key points
  • Revenue: Up 2% to A$2.38 billion for the year to June. 
  • Profit: Down 1.9% to A$120.4 million. 
  • Main takeaway: Domino’s has been in cost cutting and restructuring mode, and this shored up the result. The growth outlook for the next two years is flat.  
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Savings programme helps Domino’s weather global turbulence
Investment,
105445
true