Domino’s China Passes 500 Stores as Another International Franchisee Plans an IPO

This is an English adaptation of a FoodBud historical article originally published on July 22, 2022.

On July 21, Domino’s Pizza reported second-quarter results, with revenue of $1.07 billion, up slightly, and net profit of $100 million, down 12% year on year.

The quarter was pressured by rising raw-material costs in the U.S. market and a shortage of delivery staff.

Delivery and Unit Growth

Domino’s said same-store sales for its delivery business rose 14.6% year on year in the second quarter, while order transaction volume fell 11.7%.

One-third of Domino’s delivery orders are delivered by the company itself. The company had previously discussed whether to work with third-party delivery platforms, but no final conclusion had been reached.

As of June 19, Domino’s had 19,294 stores globally. During the second quarter, it opened 273 stores and closed 40, for net new openings of 233.

China Crosses 500 Stores

Domino’s China officially exceeded 500 stores during the second quarter. Domino’s China had also submitted a prospectus to the Hong Kong Stock Exchange, preparing for a Hong Kong listing.

Beyond Domino’s China, Alamar Foods, Domino’s franchisee in markets including the Middle East and North Africa, was preparing to list on the Saudi exchange. According to Alamar Foods’ website, it operated 523 Domino’s Pizza stores.

Note: IPO-related information and financial figures above are historical as of the July 22, 2022 article.