![]() The joint venture, which is two-thirds owned by DPE, has also agreed to buy between 10 and 15 Domino's stores in Germany from the British group for about €3 million. We will ensure that our offering reflects the unique tastes of German customers." "We look forward to partnering with the existing Joey's Pizza franchisees to leverage the expertise that our regional, and increasingly global, platform provides in terms of our digital offering, procurement and product innovation. Mr Meij said the Joey's deal would give Domino's immediate scale and a strong presence from which to build a bigger business over time. Germany is the fourth-largest pizza market in the world, with 4800 stores, but chains such as Joey's account for less than 20 per cent of the market and the vast majority of stores (4000) are owned by independents. "I imagine we'll deliver more acquisitions in the future but there's nothing imminent." "All I can say is that right now we're busy … but we have a positive outlook and want to grow more," Mr Meij said. ![]() Platypus Asset Management portfolio manager Don Williams said the exuberant market reaction was not surprising, even though Domino's was already one of Australia's most expensive stocks, trading on a multiple of 53 times forecast earnings. The stock closed up 8.2 per cent to $53.44. Total store numbers are expected to rise from 1870 after the German deal to 4250 by 2020, with scope for as many as 1000 stores in Germany, 1000 in France, 300 in the Netherlands and 200 in Belgium.ĭomino's shares, which have more than doubled over the last 12 months, jumped 13.8 per cent to $56.17 on the news. Sources: CoinDesk (Bitcoin), Kraken (all other cryptocurrencies)Ĭalendars and Economy: 'Actual' numbers are added to the table after economic reports are released.Domino's also upgraded its long-term store targets after reaching agreement with the global franchisor, Domino's Pizza Inc, to secure the master franchise rights to Germany and to extend the term of its rights in France and Belgium for another 26 years to 2041, and the Netherlands and Germany to 2043.ĭomino's now sees scope for 2500 stores in Europe, compared with 775 now and a previous target of 1500. Lipper shall not be liable for any errors or delays in the content, or for any actions taken in reliance thereon.Ĭryptocurrencies: Cryptocurrency quotes are updated in real-time. Any copying, republication or redistribution of Lipper content, including by caching, framing or similar means, is expressly prohibited without the prior written consent of Lipper. Mutual Funds & ETFs: All of the mutual fund and ETF information contained in this display, with the exception of the current price and price history, was supplied by Lipper, A Refinitiv Company, subject to the following: Copyright 2019© Refinitiv. Data may be intentionally delayed pursuant to supplier requirements. FactSet (a) does not make any express or implied warranties of any kind regarding the data, including, without limitation, any warranty of merchantability or fitness for a particular purpose or use and (b) shall not be liable for any errors, incompleteness, interruption or delay, action taken in reliance on any data, or for any damages resulting therefrom. Source: FactSetĭata are provided 'as is' for informational purposes only and are not intended for trading purposes. Change value during other periods is calculated as the difference between the last trade and the most recent settle. Change value during the period between open outcry settle and the commencement of the next day's trading is calculated as the difference between the last trade and the prior day's settle. Sources: FactSet, Tullett PrebonĬommodities & Futures: Futures prices are delayed at least 10 minutes as per exchange requirements. Sources: FactSet, Tullett PrebonĬurrencies: Currency quotes are updated in real-time. Sources: FactSet, Dow Jonesīonds: Bond quotes are updated in real-time. Sources: FactSet, Dow JonesĮTF Movers: Includes ETFs & ETNs with volume of at least 50,000. Stock Movers: Gainers, decliners and most actives market activity tables are a combination of NYSE, Nasdaq, NYSE American and NYSE Arca listings. Overview page represent trading in all U.S. Indexes: Index quotes may be real-time or delayed as per exchange requirements refer to time stamps for information on any delays. Copyright 2019© FactSet Research Systems Inc. Create real-time notifications to follow any changes in the live stock price. Fundamental company data and analyst estimates provided by FactSet. View todays Dominos Pizza Inc stock price and latest DPZ news and analysis. International stock quotes are delayed as per exchange requirements. stock quotes reflect trades reported through Nasdaq only comprehensive quotes and volume reflect trading in all markets and are delayed at least 15 minutes.
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