Domino's China turned a profit last year, with revenue growth of 40%. This year, it plans to open 300 new stores

On the evening of March 27, DPC DASH released its performance announcement for the 2024 fiscal year. Last year, Domino's China achieved total revenue of 4.314 billion yuan, a year-on-year increase of 41.4%; the profit attributable to the company's owners for the year was 55 million yuan, achieving a turnaround from losses. The adjusted net profit was 131 million yuan, a year-on-year increase of 1394.2%. Domino's China plans to open approximately 300 stores this year. The total capital expenditure related to store development is estimated to be around 570 million yuan. From the beginning of this year to March 14, 82 new stores have been opened, with another 26 stores under construction and 62 stores already signed. The financial report indicated that it is believed that the annual store opening target can be achieved, and the company will cautiously deepen its existing market and expand into new markets