Domino’s Pizza Enterprises Ltd (ASX:DMP) has issued a trading update

Domino’s Pizza Enterprises Ltd (ASX:DMP) has issued a trading update at its Annual General Meeting.

The company revealed its total sales for the first 17 weeks of 2020 grew 10.6 per cent, down from 14.7 per cent growth in the same period last year.

The pizza giant opened 42 new stores this year, opening its first stores in the new market of Denmark and expects to open its first store in Luxembourg in the coming weeks.

CEO Don Meij said Domino’s passed 300 branded stores in Germany with the successful conversion of the Hallo Pizza business, and last week opened their 400th Domino’s store in France.

The company plans to open 1200 new stores in the next five to eight years.

Shares Domino’s Pizza Enterprises Ltd (ASX:DMP) closed 0.29 per cent lower at $50.80 yesterday.

Copyright 2019 – Finance News Network

Source: Finance News Network