Domino's is profitable! Has the "pizza delivery leader" made a comeback after three consecutive years of losses?
Posted: Sun Dec 22, 2024 10:51 am
When the leading restaurant companies collectively announced losses in the first half of the year, the "No. 1 takeout pizza company", which had been losing money for three consecutive years, made a profit!
Recently, Domino's China released its performance forecast, showing a significant increase in revenue and a successful turnaround in net profit.
In the first half of 2024, Domino's expects total revenue whatsapp number in australia to be no less than 2 billion yuan, a year-on-year increase of no less than 45.0%; adjusted net profit (non-IFRS) is 48 million yuan, compared with a loss of 17.4 million yuan in the same period last year. Previously, Domino's had suffered losses for three consecutive years, with a total loss of more than 900 million yuan.
Not only that, while major catering giants have been closing stores and shrinking their business, Domino's has accelerated its pace of expansion. The number of its stores has now exceeded 900, and it is on its way to reaching the goal of 1,000 stores!
In the first half of this year, when the catering industry was generally suffering losses, Domino's achieved growth against the trend and delivered a good report card, which was not easy.
Why was Domino's able to achieve growth despite the overall market downturn? What inspiration can it bring to catering professionals.
2. 146 stores were opened in the first half of the year, with the number of stores exceeding 900, accelerating the sprint to the goal of 1,000 stores
While major brands were shrinking and cautiously expanding stores in the first half of the year, Domino's maintained a rapid pace of expansion.
Recently, Domino's China released its performance forecast, showing a significant increase in revenue and a successful turnaround in net profit.
In the first half of 2024, Domino's expects total revenue whatsapp number in australia to be no less than 2 billion yuan, a year-on-year increase of no less than 45.0%; adjusted net profit (non-IFRS) is 48 million yuan, compared with a loss of 17.4 million yuan in the same period last year. Previously, Domino's had suffered losses for three consecutive years, with a total loss of more than 900 million yuan.
Not only that, while major catering giants have been closing stores and shrinking their business, Domino's has accelerated its pace of expansion. The number of its stores has now exceeded 900, and it is on its way to reaching the goal of 1,000 stores!
In the first half of this year, when the catering industry was generally suffering losses, Domino's achieved growth against the trend and delivered a good report card, which was not easy.
Why was Domino's able to achieve growth despite the overall market downturn? What inspiration can it bring to catering professionals.
2. 146 stores were opened in the first half of the year, with the number of stores exceeding 900, accelerating the sprint to the goal of 1,000 stores
While major brands were shrinking and cautiously expanding stores in the first half of the year, Domino's maintained a rapid pace of expansion.