Canadian Pizza Magazine

Domino’s to close 70 stores worldwide and exit Denmark

By Canadian Pizza   

News Business and Operations

Domino’s has announced it will close some 70 stores worldwide, including 30 Australian-owned branches in Denmark.

In a trading update, Domino’s said it has taken steps to deliver material, near-term, cost savings, improving efficiency and building a stronger foundation for future growth.

The company announced it will:

  • close Domino’s Denmark
  • carry out accelerated franchising and closure of approximately 65-70 underperforming corporate-owned stores
  • complete planned commissary closures in South-East Asia, accelerated amortization of legacy IT assets
  • streamline core operations to increase operational efficiencies

The company said it expects the combined savings will improve FY24 EBIT by approximately $25-30 million, with these savings expected to increase over the next two years as initiatives are completed. Approximately one-third of these savings are planned to be passed back to stores as management reinvests in the franchisee network base.


The full trading update is available here.


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