Chanticleer
Domino’s slices and dices, but still must deliver for investors
Domino’s shares surged after the company announced it would shutter hundreds of dud stores. But is the market too optimistic about its prospects?
Don’s party is over.
The new chief executive of Domino’s Pizza Enterprises, Mark van Dyck, lit a fire under the fast food giant’s shares on Friday when he delivered a solid trading update and announced the closure of 205 loss-making stores, equivalent to 5 per cent of the group’s store network.
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