Domino’s Pizza Enterprises has reported a full-year statutory loss of $3.7 million for 2024-25, compared to a $92.3 million profit the previous year.
Network sales dipped $36.8 million from the previous year’s $4,189.6 million to this financial year’s result, $4,152.7 million.
EBIT for the ANZ market rose 5.2 per cent, and there was a rise of 3.1 per cent in Europe. However EBIT in Asia dropped 32.6 per cent, leading to a global fall in EBIT of 14.2 per cent.
The group’s restructuring program cost $162.3 million last year, including $118.4 million spent on closing 312 underperforming stores – 233 in Japan.
Domino’s in France, and the troubled Japanese market, remain a challenge for executive chair and major shareholder, Jack Cowin.
Focus on cost-cutting measures
Cowin, who expanded his role when CEO Mark van Dyck announced his departure after less than a year in the role, is focused on cost-cutting across the group.
“We’re taking action to make Domino’s a leaner, more efficient business. That means reducing costs – and using those savings to support our franchise partners and invest in marketing that drives sales. We will share the rewards when we get it right – with customers, with partners, and with shareholders,” Cowin said.
“Customer expectations haven’t changed – they still want great food delivered fast, at a fair price. That’s where we’re focused. Product. Service. Image. Value,” Cowin added.
New store openings will be limited to opportunities expected to be sustainably profitable and deliver a meaningful return on investment to franchise partners.
