Domino’s Pizza China’s revenue soars 41.4% YoY in FY2024
The group expects to open approximately 300 net new stores in 2025.
Domino's Pizza China’s (DPC Dash) revenue increased by 41.4% year-on-year (YoY) to $593.85m (RMB4.31b) for the year ended 31 December 2024 (FY2024).
Same-store sales growth (SSSG) slowed to 2.5%, down from 8.9% in FY2023 and 3.6% in the first six months of 2024.
Adjusted EBITDA climbed by 64.1% YoY to $68.2m (RMB495.2m), with an adjusted EBITDA margin of 11.5%.
In FY2024, DPC Dash opened 240 net new stores and entered 10 new cities, bringing its total store count to 1,008 across 39 cities.
The group expects to open approximately 300 net new stores in 2025.
As of 14 March, the company opened 82 net new stores, with 26 stores under construction and 62 signed, accounting for over 56% of the total targeted store opening plan for the full year.
($1 = RMB7.26)
