Australia’s largest pizza chain, Domino’s Pizza Enterprises, says there are early signs that price pressures for key ingredients such as wheat and cheese are starting to flatten, but the company will still have to lift some product prices to combat inflation.
The company also stepped up its expansion in Asia with the acquisition of 287 stores in Malaysia, Singapore and Cambodia in a deal with an upfront price of $214 million, in what is the biggest acquisition in the company’s history. It aims to grow to 600 stores in total across the three countries.