Domino's Pizza Records Q3 FY23 Global Net Store Decline Of 8 Stores With 27 Net U.S. Store Openings And 35 Net International Store Closures
Portfolio Pulse from Benzinga Newsdesk
Domino's Pizza has reported a global net store decline of 8 stores in Q3 FY23, with 27 net U.S. store openings and 35 net international store closures.
October 12, 2023 | 10:10 am
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
Domino's Pizza's Q3 FY23 results show a net decline of 8 stores globally, despite opening 27 new stores in the U.S. This is due to 35 international store closures.
The net decline in stores indicates a potential decrease in revenue and profitability for Domino's Pizza, especially considering the international market where the company closed 35 stores. This could negatively impact the company's stock price in the short term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100