{"id":621140,"date":"2026-08-05T04:43:23","date_gmt":"2026-08-05T04:43:23","guid":{"rendered":"https:\/\/www.europesays.com\/ie\/621140\/"},"modified":"2026-08-05T04:43:23","modified_gmt":"2026-08-05T04:43:23","slug":"dominos-makes-major-change-after-closing-29-stores-to-streamline-business","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/ie\/621140\/","title":{"rendered":"Domino&#8217;s makes major change after closing 29 stores to &#8216;streamline business&#8217;"},"content":{"rendered":"<p>Domino\u2019s is shutting dozens of its pizzerias in Australia and New Zealand in an effort to turn around its ailing business.<\/p>\n<p>The antipodean arm of the global pizza chain has \u2018streamlined\u2019 by closing down 29 stores and stopped its Friday night $5 deals (\u00a32.61) at the end of July in response to a 4.7 percent fall in sales. The move was welcomed by investors, as Domino\u2019s shares on the Australian Securities Exchange jumped by 9 percent.<\/p>\n<p>Experts down under say confirmation Domino\u2019s is closing some locations \u2018isn\u2019t necessarily a bad thing\u2019. Gary Mortimer told <a data-link-tracking=\"InArticle|Link\" href=\"http:\/\/nine.com.au\" rel=\"nofollow noopener\" target=\"_blank\">nine.com.au<\/a>: \u201cI often say that sometimes, in order to grow, you have to shrink. And this is simply a strategy of rightsizing.<\/p>\n<p>\u201cIt\u2019s better to run a smaller fleet of businesses, but they\u2019re all profitable, and the share market has responded.\u201d<\/p>\n<p>The performance of Domino\u2019s in Australia has been so poor US executives specifically called it out in their second-quarter earnings presentation, reports <a data-link-tracking=\"InArticle|Link\" href=\"http:\/\/news.com.au\" rel=\"nofollow noopener\" target=\"_blank\">news.com.au<\/a>.<\/p>\n<p>The American parent company said the Aussie Domino\u2019s Pizza Enterprises was to blame for a drop in comparable international sales.<\/p>\n<p>\u201cComp sales declined by 0.1 per cent in the quarter as they continued to be impacted by Domino\u2019s Pizza Enterprises,\u201d Domino\u2019s US chief financial officer Sandeep Reddy told investors.<\/p>\n<p>\u201cThey remain focused on turning their business around. We continue to work closely with them on that.\u201d<\/p>\n<p>Investors in the UK will have watched news from Australia with keen interest, as the British division\u2019s interim results are due on Tuesday morning (August 4). The last results, released in March, made for grim reading.<\/p>\n<p>The company reported pre-tax profit fell by 15 percent in the 2025 financial year, which prompted interim CEO Nicola Frampton to tell investors the business was focused on strengthening our core business and driving disciplined execution across the organisation\u2019.<\/p>\n","protected":false},"excerpt":{"rendered":"Domino\u2019s is shutting dozens of its pizzerias in Australia and New Zealand in an effort to turn around&hellip;\n","protected":false},"author":2,"featured_media":621141,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[73],"tags":[87020,79,262394,18,19,17,5790,262395,83961],"class_list":["post-621140","post","type-post","status-publish","format-standard","has-post-thumbnail","category-business","tag-australia-and-new-zealand","tag-business","tag-dominos","tag-eire","tag-ie","tag-ireland","tag-new-zealand","tag-sales-decline","tag-store-closures"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@ie\/117041076984219385","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/621140","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/comments?post=621140"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/posts\/621140\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media\/621141"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/media?parent=621140"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/categories?post=621140"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/ie\/wp-json\/wp\/v2\/tags?post=621140"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}