By the end of 2023, Domino's will have 768 stores in China
Posted: Sun Dec 22, 2024 10:51 am
A net increase of 180 stores in one year. In the first half of this year, the number of Domino's stores increased to 914, a net increase of 146 stores in half a year, which is close to the level of the whole of last year.
Domino's has always adhered to the direct sales model, which whatsapp number in australia shows that its expansion speed is very rapid. Domino's has also proposed a goal of 1,000 stores, planning to open about 240 new stores in 2024 and reach 1,000 stores by the end of the fourth quarter. At present, it seems that Domino's is expected to achieve this goal.
3. It once lost 900 million in three years, but is now recovering from the "trough" of performance
In fact, despite Domino's continuous expansion in the Chinese market, it has been mired in losses.
In 2020, Domino's China's loss was 274 million yuan, which expanded to 471 million yuan in 2021, and narrowed to 223 million yuan in 2022. The cumulative loss in three years exceeded 900 million yuan.
By 2023, Domino's performance began to improve and its losses narrowed further. Last year, Domino's had a net loss of 26.603 million yuan, and its adjusted net profit (non-IFRS) was 8.778 million yuan. After entering 2024, Domino's continued to maintain its high-speed growth momentum and released a signal of turning losses into profits.
Domino's has always adhered to the direct sales model, which whatsapp number in australia shows that its expansion speed is very rapid. Domino's has also proposed a goal of 1,000 stores, planning to open about 240 new stores in 2024 and reach 1,000 stores by the end of the fourth quarter. At present, it seems that Domino's is expected to achieve this goal.
3. It once lost 900 million in three years, but is now recovering from the "trough" of performance
In fact, despite Domino's continuous expansion in the Chinese market, it has been mired in losses.
In 2020, Domino's China's loss was 274 million yuan, which expanded to 471 million yuan in 2021, and narrowed to 223 million yuan in 2022. The cumulative loss in three years exceeded 900 million yuan.
By 2023, Domino's performance began to improve and its losses narrowed further. Last year, Domino's had a net loss of 26.603 million yuan, and its adjusted net profit (non-IFRS) was 8.778 million yuan. After entering 2024, Domino's continued to maintain its high-speed growth momentum and released a signal of turning losses into profits.