Australia News

Australia’s Domino’s to Shut Over 200 Stores, but Shares Soar 22 Percent

The majority of stores closing are in Japan.
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Australia’s Domino’s to Shut Over 200 Stores, but Shares Soar 22 Percent
A Domino's employee sits in her car after delivering pizza in Albany, Western Australia, on Feb. 21, 2024. Susan Mortimer/The Epoch Times
Monica O’Shea
|Updated:

Domino’s Pizza will close 205 underperforming stores globally, including 172 in Japan, to sharpen market focus and boost profit.

On the back of this news, the company’s share price soared more than 22 percent on the Australian Stock Exchange (ASX) as of Feb. 7.
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Monica O’Shea
Monica O’Shea
Author
Monica O’Shea is a reporter based in Australia. She previously worked as a reporter for Motley Fool Australia, Daily Mail Australia, and Fairfax Regional Media. She can be reached at monica.o'[email protected]