Domino's is finally making money in the Chinese market.
On 5/0, Domino's (HK0, hereinafter referred to as Domino's China) disclosed its 0-year results, and it is the exclusive franchisee of Domino's Pizza in the Chinese market. In 0 years, Domino's China achieved revenue of 0.0 billion yuan, a year-on-year increase of 0.0%, and the profit attributable to the company's owners for the year was 0.0 million yuan, turning losses into profits year-on-year.
In terms of stores, by the end of last year, the number of Domino's stores in the Chinese mainland market had increased to 300, and the number of cities in which it entered reached 0. Among them, the total number of stores in Beijing and Shanghai is 0, and the number of stores in other cities is 0. The company also said in its annual report that it plans to open about 0 stores in 0 years.
At the performance briefing held on the evening of the 300th, an analyst asked which cities will be located in the 0 Domino's stores to be opened this year, and whether the location of the new store will be different from the cities that have been settled. Domino's China executives said: "Shanghai and Beijing will be a little less, will focus more on [other] cities that have already entered, and may open one or two new markets this year." ”
National Business Daily