Domino's to Open 9,700 New Stores by 2025, Strengthen Dominance
Domino's to Open 9,700 New Stores by 2025, Strengthen Dominance

One of the largest pizza chain Domino’s Pizza, Inc. on Thursday unveiled an ambitious growth goals during its 2019 Investor Relations Day.

Domino’s which currently includes 15,300 stores globally is planning to grow by nearly 60 percent over the next six years.

Michigan based Pizza chain is targeting to open 9,700 new stores by 2025, by doubling the company’s growth rate of 5,260 stores over the past six years.

“The reason we want to achieve that goal is it creates a virtuous cycle in our business, and it starts with winning in every neighborhood in every market,” said Richard Allison, CEO, Domino’s.

Domino’s is also projecting $25 billion in annual sales globally by 2025, a number that doubles the pizza chain’s fiscal 2017 sales of $12.25 billion with both domestic and international same store sales growing 3 percent to 6 percent over the next three to five years.

“You don’t get to be dominant number one in the world without being dominant in every neighborhood. It’s about having the highest delivery sales and carryout per household, “he added.

Domino’s sees growth potential of 2,000 stores in the U.S. over the next six years. But even more growth will occur abroad, with unit expansion potential of 6,500-plus locations in the company’s largest international markets alone by the end of 2025.

 
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