DPC DASH- Domino's Pizza China (01405) officially reaches the milestone of 1,000 stores! Store expansion achieved steady growth and comprehensive profitability.

date
15/11/2024
avatar
GMT Eight
On November 15th, with the grand opening of the 1,000th store of DPC DASH-Domino's Pizza China (01405) in Chengdu, it marks the company officially entering the milestone of a thousand stores! The opening of a thousand stores not only showcases the strong growth momentum of Domino's Pizza China but also symbolizes the success of the company's strategic layout. DPC DASH is the exclusive master franchisee of Domino's Pizza in mainland China, Hong Kong, and Macau. Since Wang Yi took over as CEO in 2017, DPC DASH has been steadily expanding its business footprint. In 7 years, from the initial 100+ stores, it has expanded to the current 1,000 stores, with each step embodying the team's unremitting efforts and perseverance. In the first half of this year, the company's total revenue was 2.04 billion RMB, an increase of 48.3% year-on-year; net profit and adjusted net profit turned positive for the first time, achieving overall profitability. As of the third quarter of this year, Domino's Pizza China has maintained same-store growth for 29 consecutive quarters, with a membership of 21.7 million. In the first 30 days sales ranking of Domino's Pizza's global network of over 21,000 stores, Domino's Pizza China occupies 28 out of the top 30 positions. Behind these numbers is the company's long-term adherence and implementation of the "4D" and "go deep and wide" strategies. Domino's Pizza China plans to add approximately 300 to 350 new stores in both 2025 and 2026, focusing its strategic vision on the huge potential market of new second-tier cities. CEO Wang Yi recently stated, "We believe that 1,000 stores are just the beginning, and the brand's long-term expectations for us are to open at least 5,000 stores." Several research institutions have also issued research reports maintaining a "buy" rating, showing optimism towards DPC DASH. With the consumer market continuing to heat up, DPC DASH is also expected to achieve performance and stock price "double-click" like Davis in the future.

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